Global Energy Ventures Ltd. announced the appointment of experienced finance professional Martin Carolan as its Executive Director, Corporate and Finance and Chief Financial Officer, effective on 2 April 2019. Mr. Carolan joins GEV, after a successful 13-year career in the financial markets, with extensive experience in providing corporate advisory and capital raising services to a large number of small-cap ASX companies. He joined Foster Stockbroking in 2010, was made Executive Director and partner in 2014, and has been primarily responsible for managing relationships with Foster's institutional and corporate clients.

As GEV's Executive Director, Corporate and Finance, Mr. Carolan responsibilities will include: Working with GEV project delivery teams with financial modelling and alignment with the company's target financial structures; Working with GEV Director Jens Jensen and future financial advisors on funding the Company's ships through debt and equity; Corporate strategy and investor relations; and ASX and accounting compliance reporting. In addition, the company announced that Executive Director Garry Triglavcanin responsibilities will now include that of Chief Development Officer and Bill Hornaday has been appointed as President of Global Gas Ventures Pty Ltd, 100% controlled entity of GEV, to focus on positioning GEV as an equity partner in existing gas resources where CNG is the most viable option for the commercialisation of the existing gas resources. As a Canadian citizen, Bill has also been a Director of GEV Canada Ltd. since December 2017.

In planning its resources for 2019, Executive Director, Garry Triglavcanin has assumed additional responsibilities for the position of Chief Development officer. Garry has been leading the various corporate, commercial and strategic initiatives across the portfolio of the company CNG projects, will now be fully focused on the delivery of projects to be FID ready in 2019. Mr. Hornaday has been supporting GEV with advice to date on a retainer basis.

Prior to and since the successful ABS ship testing, GEV is now reviewing a number of stranded gas opportunities that satisfy the company screening criteria.