Global Energy Ventures Ltd. provided the following update on the company's business development activities in Brazil. Second Operator Engaged: The company announced that it has commenced the preparation of a technical and economic proposal in response to a Request for Information (RFI) from a second operator in the offshore Brazil region. The operator has supplied GEV with a scoping document that outlines the key inputs for the evaluation of multiple marine CNG cases, including gas supply points, export volumes, gas specifications, transportation distances, and delivery locations. The scale of the opportunity is significant, with the requirement for a large fleet of CNG ships, over a period of up to 20 years. GEV will leverage from the findings of a Commercialization Plan undertaken earlier this year for a Pre-salt Brazil operator. This work involved extensive in-house and third party engineering to establish the technical viability of continuous gas export utilizing a dual STL system, fleet of CNG Optimum ships and dedicated CNG unloading terminal. GEV will deliver its formal response to the RFI in the first quarter of 2021, providing the operator with sufficient detailed technical and economic information to support their internal analysis and validation process. CNG Optimum Supply Chain For Associated Gas: GEV's marine CNG gas transport solution and scope of work is inclusive of a Submerged Turret Loading System (riser connected to FPSO), CNG Optimum Ship Fleet, and CNG Unloading Terminal.