GSS Energy’s (“GSS”) recent share spike and chart action caught my attention. GSS has surged 67% from $0.048 on 1 Sep 2016 to close $0.080 on 10 Oct 2016. It has just moved above its 200D exponential moving average (“EMA”) for the first time in 16 months! Furthermore, GSS announced that its subsidiary was awarded a KSO contract from Pertamina for oil production for the Trembul Operation Area. In view of the chart and company’s developments, I arranged a meetup with Mr Sydney Yeung, CEO of GSS Energy for an exclusive discussion of the company’s business developments and prospects. Below are the key takeaways from the meetup.

1. KSO contract differs significantly from their previous old well contracts

Some important differences are as follows:

1. a) Low probability of the contract being cancelled

Previously, the old well contract which GSS had, was suddenly terminated on 16 Jul 2015. ......