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The Geo-Mineral Exploration Corporation was formed in 1968, as a limited partnership of twelve mining-industry professionals. In 1969, with claims to three properties in hand, the Geo-Mineral partnership converted all shares to simple, and preferred stock certificates, as the board unanimously voted to change its structure into that of a Corporation.
The stock price of Bre-X rose to CA$280 per share by 1997 (split adjusted) and at its peak it had a market capitalization equal to US$4.4 billion, equivalent to US$8.4 billion in 2023. [ 9 ] Some other mineral companies, including Placer Dome , organized failed takeovers , but the Indonesian government of President Suharto also got involved.
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In September 2014, Graham stood down as CEO to become an 'executive strategic adviser' to the company in the USA. The news was followed by an 11% drop in the share price. [10] Anna Cicognani became acting CEO in February 2015. [11] Geo completed a $2.4m NZD capital raise in August 2015, to pursue growth opportunities in Australia. [12]
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In 1981, the company was founded by Chairman George Bishop. [1] [2]Margaret "Meg" Molleston, joined the company in 2006 and leads the management of GeoSouthern's assets.
The company was founded in 1980 when Tokyo-based OYO Corporation entered the North American seismic instrumentation market. [5] In 1983, OYO U.S.A was a subsidiary of OYO Japan’s North American, and operations were conducted through a wholly owned holding company. [6]
PGS (Petroleum Geo-Services) is a technologically focused oilfield service company involved in providing geophysical services worldwide. [3] Its seismic service offerings help oil companies find oil and gas reserves offshore. Product offerings span from survey planning and data acquisition, through advanced imaging, to reservoir analysis and ...