Blue Energy Limited (
ASX:BUL) has successfully drilled its Monslatt 9 coal seam gas well in Bowen Basin, Queensland, reporting high gas content of up to 25 cubic metres per tonne and thick coal seams of up to 4 metres. The results further reinforce the potential of the Monslatt Block as a significant gas resource. The Company is targeting 3,000 petajoules of 3P gas reserves by year end 2014.
CBD Energy Limited (
ASX:CBD) has signed an agreement to acquire energy retailer Neighbourhood Energy. Neighbourhood Energy currently has 65,000 customers, focusing on the Victorian market. The acquisition will give CBD a platform for retail distribution of solar, wind and energy efficient products. This acquisition, along with CBD's alliance with two of China's largest renewable energy companies, will put CBD in a position to begin to challenge the larger participants in Australia's energy markets.
Energy World Corporation Limited (
ASX:EWC) has signed a Memorandum of Understanding with the East Java Provincial Government in relation to the development and construction of a Liquefied Natural Gas Import Receiving Terminal and associated facilitates in East Java, Indonesia. The project is capable of processing up to 3 million tonnes per annum of liquefied natural gas, expected to solve the gas supply shortage in East Java.
TVN Corporation Limited (
ASX:TVN) has revised its Exploration Target for the Target Resource Area in the south western portion of the Nuurst licence to 200-300 million tonnes of thermal coal. This Target Resource Area represents less than 15% of the Nuurst Coal Project Licence area in Mongolia. The Company intends to produce a JORC Mineral Resource estimate over the Target Resource Area by the end of the calendar year 2011.
Related CompaniesTVN Corporation Limited
Energy World Corporation Ltd
CBD Energy Limited
Blue Energy Limited