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ABN Newswire Stocks to Watch: December 12, 2009
ABN Newswire Stocks to Watch: December 12, 2009
Sydney, Dec 10, 2009 AEST (ABN Newswire) - Linc Energy Limited (ASX:LNC)(PINK:LNCGY) said that it has signed an exclusive agreement with the UK-based Fuel Cell Technology company AFC Energy Plc (AIM:AFC)(PINK:AFGYF) (listed on the London Aim Market) and its related company, B9 Coal. The agreement gives Linc Energy the exclusive right to test the AFC Fuel Cell Technology on hydrogen produced from Underground Coal Gasification (UCG).

Galaxy Resources Limited (ASX:GXY)(PINK:GALXF) will receive A$6 million on or about 21 December 2009 being the first stage share subscription placement from Creat Resources Holdings Limited ("CRHL"), an investment vehicle for Creat Group Co Limited ("Creat"). Creat is a 70% major shareholder of CRHL listed on the AIM market of the London Stock Exchange. The second and final stage share subscription placement of A$23 million will occur on or about 30 January 2010 immediately after the CRHL AGM to formally approve this Final Subscription.

iSOFT Group Limited (ASX:ISF) today announced the launch of iSOFT Aged Care - Enterprise Wide Health (EWH), an integrated management solution for aged and community care organisations. iSOFT Aged Care is designed to support organisations of any size, including residential, long-term and community care, and retirement living. Enabling the delivery of improved and more efficient health care, the solution includes residential aged care and retirement components that manage care records, billing and financials, eBusiness and reporting requirements.

Havilah Resources Limited (ASX:HAV) were recently granted their first mining lease over the Portia gold project and we are assessing an alternative mining strategy for that deposit which if successful, will see production in 2010 from the Portia gold deposit.

Drillsearch Energy Limited (ASX:DLS)(PINK:DRLLF) has been awarded by the Government of South Australia a major new exploration permit - Block B - through the 2009 Cooper Basin Acreage Release competitive bid round. Block B covers approximately 1500 km2 on the Western Flank of the South Australian Cooper Basin and incorporates exploration acreage directly contiguous to Drillsearch's PEL 91, 106 and 107 permit areas. On award, Block B will be held by Drillsearch's wholly-owned subsidiary Great Artesian Oil & Gas Ltd which will operate and hold 100% interest in the permit.

Metallica Minerals Limited's (ASX:MLM) Kokomo Nickel (Ni)-Cobalt (Co) & Scandium (Sc) laterite deposit formed on a northeast/ south-west trending ultramafic unit which outcrops for a strike length of 16km. The great majority of drilling has been focused on the widest and thickest portion - the Kokomo Central Plateau. The latest phase of infill drilling at the Kokomo project has been completed with a further 141 holes (KK-914 to 1,054) for 3,071m drilled. These will be included into the Kokomo drill database which now comprises 1,054 drill holes to be used for the project's revised resource estimate which is now expected late in December.

Otto Energy Limited (ASX:OEL)(PINK:OTTEF) announces that it will be commencing a 3D seismic data acquisition program in SC55. The Company plans to acquire 590km2 of 3D data in the southwest part of SC55. The programme is designed to mature the Hawkeye structure and several other key leads in the licence area. The seismic vessel is scheduled to arrive in the survey area on 14 December 2009.

Contact

Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net


Related Companies

Otto Energy Limited         
Metallica Minerals Limited        
Linc Energy Limited         
iSOFT Group Limited             
Havilah Resources Ltd             
Galaxy Resources Limited        
Drillsearch Energy Limited         

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