Resolute Marine Energy Establishes South African Subsidiary

Resolute Marine Energy, Inc. (RME) recently completed the registration of its 100% owned subsidiary in the Republic of South Africa, Resolute Marine SA (Proprietary) Limited (RMESA). RME COO Olivier Ceberio commented, “We’ve been developing solid business relationships in South Africa for over 5 years and we feel it is now time to show our strong commitment to doing business there.” “South Africa has a strong wave resource, much of its population lives near the coast and yet many of its coastal areas have limited access to sufficient supplies of water and electricity.” Ceberio continued, “We’ve also learned that South Africa has a skilled workforce and great manufacturing capabilities so we’re confident that this is a market and region where we should be investing a great deal of our time and effort.”