Geo Energy Resources Limited reported group Impairment loss on property, plant and equipment for the quarter ended December 12, 2019. For the quarter, Impairment loss on property, plant and equipment was $6,399,574.

For the quarter, Production Volume of 1.5 million tonnes compared to 1.9 million tonnes a year ago.

For the year, Production Volume of 7.2 million tonnes compared to 7.9 million tonnes a year ago.

For 2020, the Group targets production and sales of 8 million tonnes of coal for both SDJ and TBR. If the coal prices improve, the Group will apply to increase SDJ and TBR's RKAB production quota by 4 million tonnes in second half of 2020, subject to obtaining the relevant Indonesian Government regulatory approvals.

The company announced that no dividend has been declared for the financial year ended 31 December 2019, due to the Group recording a net loss during the year.