Global Energy Ventures Ltd. provided update regarding company's priority CNG project development activities in Brazil and the US. BRAZIL CNG Project; The company's guidance for the completion of company's first Commercialization Plan for an in-development oil and gas project in Brazil was the March 2020 quarter. GEV announced that the plan is substantially complete and will be lodged by 6 April 2020. The Brazil project team understands the request for proposal and tender process for the related FPSO is progressing as scheduled in 2020. The following graphic outlines the scope of the Commercialization Plan, loading export gas from the FPSO via a buoy system and transporting using a fleet of CNG Optimum ships to an onshore gas processing facility. The FPSO is to be designed for up to 90,000 Bbl/d and 300 Mmscfd. US CNG Export Facility; GEV's management team has been very active in completing due diligence on numerous offshore locations connected to existing network of pipelines serving multiple gas producers in the Gulf of Mexico. GEV has selected the preferred locations and is working with multiple parties on a suite of agreements. The impacts of COVID-19 on work practices in the US, in the last two weeks, has impacted the targeted completion for material agreements. The challenging oil price environment is now also creating additional impacts. In short, these impacts have resulted in a delay to decisions being made by counterparties in order for GEV to move forward. The company will provide an update as soon as material events change on both projects, and separately the Quarterly Report and Cashflow Statement before the end of the month. The Board has also enacted a cost reduction program across the company to include: salaries for Directors and staff, travel, administration and project costs. Further details will be provided in the Quarterly Report.