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.
Australian Market Report of July 8, 2010
Blue Energy (ASX:BUL) Agreed Extension of KOGAS Farmin Option
Adelaide Energy Limited (ASX:ADE) Third Quarter Activities Report: New Pipelines Laid, Drilling Underway
Asian Markets Overview of March 23, 2010: Alibaba Group and Softbank (TYO:9984) in E-Commerce Partnership Talks
Asian Activities Report for September 1, 2011: CBD Energy (ASX:CBD) Signs Management Agreement with the AusChina Energy Joint Venture
Asian Activities Report for April 12, 2011: CBD Energy (ASX:CBD) To Sign Joint Venture Agreement With Tianwei Baobian (SHA:600550) And Datang Corp (HKG:1798)
Australian Market Report of November 16, 2010: Mantra (ASX:MRU) Tanzanian Resource Increases by 20% to 101.4 Mlbs U3o8
Australian Market Report of August 11, 2010
Australian Market Report of May 26, 2010: CBD Energy (ASX:CBD) Partners with China Renewable Energy Business
CBD Energy Limited (ASX:CBD) Storage Technology Chosen For 100MW Solar Thermal Project In China
Drillsearch Energy Limited (ASX:DLS) Agrees To Sell Its 2% Interest In Naccowlah Block To Bounty Oil and Gas (ASX:BUY)
Drillsearch Energy Limited (ASX:DLS) Naccowlah Block Drilling Success, New Oil Discovery With Watson West-1 Exploration Well To Be Completed As Birkhead Oil Producer
Asian Markets Overview of March 25, 2010: Tokyo Gas (TYO:9531) to Invest in Energy World's (ASX:EWC) Indonesian Project
TVN Corporation Limited
Energy World Corporation Ltd
CBD Energy Limited
Blue Energy Limited