About Us

Incorporated in 1983, Magnus Energy Group Ltd. Magnus began its humble roots as a sub-contractor undertaking electrical installations. In a span of 20 years, Magnus has built an established track record as a provider of quality and reliable mechanical and electrical engineering services. With the stiff operating conditions & cyclical nature of the construction business, a strategic decision was made in 2003 to shift its business focus. Over the past 18 months, Magnus has taken significant strides in transforming from a M&E Company to become a major regional player in the oil, gas and energy industry. The main core business of Magnus and its subsidiaries today comprises oil and gas equipment distribution and coal mining; and it has established a presence in China, Indonesia and Australia. Read in the proper context of the progress we have made, the financial performance for the past year is, therefore, simply the prologue. The main story begins now. We are excited by what the present and the future holds and the challenge of what we envision our Group will become.

AnnouncementsRead our recent company announcements and search the archive for historic articles. Read more...
Annual Reports The Magnus Annual Report provides a comprehensive overview of Magnus activities over the past year . Read more...
Prospectus/CircularsProspectus and Circulars distributed to Shareholders. Read more...

Crude Oil Production Division

In October 2006,Magnus Group acquired 75% equity interest in Songyuan Yongda Oilfields Exploration and Technology Co.Ltd. Yongda is a PRC-based oil and gas company engaging in the development of oilfields and production of crude oil in Jilin Province in the People’s Republic of China (PRC). It was granted a 20 years exclusive right in 1999 by China National Petroleum Corporation (CNPC) to develop 17 sq km of oilfields located in the Jilin Province, China. This acquisition has made Magnus the first Singapore listed company to own producing oil concessions in China.

Latest News

Further to the announcement made on 4 April 2008, the Directors of Magnus Energy Group Ltd. (Magnus) wish to announce that its wholly-owned subsidiary, Apac Coal Limited (APAC) was listed on the Official List of Australian Stock Exchange Limited (ASX) on 10 July 2008.

The Board of Directors of Magnus Energy Group Ltd. (Magnus) is pleased to announce that Magnus has on 6 August 2008 acquired 2 ordinary shares of RM$1.00 each, comprising the entire share capital of MEG Management Sdn. Bhd. (Meg) from 2 individuals for a total consideration of RM$2.00 (the Acquisition).

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A cornerstone of Magnus business philosophy is to adopt a flexible and open-minded approach towards new businesses and opportunities.

In line with this thinking, Magnus is embarking on another energy resource business, which is the coal mine development via our recently Australian listed subsidiary, APAC Coal Limited.
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In June 2006, Magnus Group acquired 68.4% beneficial interest in PT Batubara Selaras Sapta (PT Batubara) which has executed in 1997 a Work Agreement for Coal Mining Enterprises with the Indonesian government to conduct coal mining operations in the Kuaro coal formation located in the Districts of Batusopang, Pasir Balengkong and Tanah Grogot, Pasir Regency, East Kalimantan province.