July 3 (Reuters) - Global Energy Ventures Ltd GEV.AX :
* LETTER OF INTENT EXECUTED WITH YANTAI CIMC RAFFLES OFFSHORE LIMITED TO BUILD CNG OPTIMUM 200MMSCF SHIP
* CIMC RAFFLES HAS PROVIDED CONTRACT PRICE RANGE OF US$135-140 MILLION SUBJECT TO FINAL TERMS OF CONTRACT BEING FINALISED
* LOI BASED ON FIRM ORDER FOR 4 200MMSCF COMPRESSED NATURAL GAS SHIPS WITH OPTION FOR CO TO ORDER UP TO AN ADDITIONAL 4 SHIPS