Asian Activities Report for October 7, 2011: Blue Energy (ASX:BUL) Further Increase Coal Seam Gas Potential in Bowen Basin
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.
TVN Corporation Limited
Energy World Corporation Ltd
CBD Energy Limited
Blue Energy Limited