Established in 2015, SIM is dedicated to the development of a world-class energy industrial complex with Offshore Supply Base (OSB) to support Myanmar’s burgeoning oil and gas industry. The Company currently owns 184.3 acres of land in the Ayeyarwady region of Myanmar. Of this acreage, 49 acres has been permitted for OSB use. The Company will initially establish the Ayeyarwady Offshore Supply Base (AOSB) on 30 acres of this land, with 19 acres reserved for future expansion. The remaining 135.3 acres of land is reserved for a proposed future LNG Terminal Project.
Definitive Agreement signed with Verisante Technology, Inc. (TSX-V: VRS) for Reverse Takeover (RTO).
49 acres of the 184.3 permitted by Myanmar Investment Commission (MIC) for OSB use.
184.3 acres permitted by Ayeyarwady Regional Government for “Off-shore Support/Logistic Business Land”.
184.3 acres of lands acquired from 46 local stakeholders of the Ayeyarwady coast region.
SIM incorporated by Mr. U Nay Lynn Oo in Yangon, Myanmar.