Spotted this in the IC.....they rate it.....could be a blue sky share I suppose...took a smallish punt on it...but not sure....lots going on within this company...

Bought 100000 shares at around 2.80p (currently running at a loss).

Chairman seems to have been successful in the past so hoping he can add value to this company in the long-term.

From website:

Mr. Byrne has founded and built a number of companies from the ground up, including from development through to production. In this period he has been instrumental as either CEO or Executive Chairman in overseeing the building of 6 coal mines (in Canada, the US and the UK) along with 3 wash plants, totaling in excess of $500 million of expenditure.

Check out th website at: http://www.wasabienergy.com/

Well, it's up today......could be another AFC.....or that sort of company I suppose.....if the sp does the same : we are in for a treat !.

As welll as being japanese for radish (or similar), I think these are or used to be part owned by Xtract energy.

euhh...is that good or bad ?.....still have some Xtract shares.....I seem to go for the risky ones...

With the germans dropping nuclear power, this looks like a good move for this company.

No risk here if you're prepared to be patient, just keep adding as long as it stays around 2p and think yourself lucky that nobody else seems to have caught on yet. This company only started generating cash in January, the annual results to end of June (due to be reported end of August) will for the first time have 6 months of cash generation in them. Add that to the investments held in other growing companies and the SP will go boom at some point. Just tuck them away, don't worry about daily fluctuations, and wait for yourself to get rich. I can't see any limits to where this company can go. There may be cash raising through placings along the way but institutions will be queuing up to get in here, sit tight.

Div Hunter on iii

Thanks for that mikegr......this company reminds me of AFC energy.....this minnow could become something.....very, very interesting....

Wazzat ?....it's up.....goody, goody....come on : 30p will do fine....

Mr Byrne bunging another 1M shares into his pension fund. It's not the amount, it's only worth 20K at the moment, it's the fact that he's adding to his holding of nearly 10% of the company, showing commitment and confidence. Other institutions will follow his lead, probably have done today with over 9M traded. Consolidation at this level will do nicely for a while.

Starting to rise....could this be the start of something big ?....

And believe it or not : it is isable......could not believe it when I checked !...

Thar she blows...that's my baby.....go...go...go...

The herd have not yet discovered this one but they will....excellent update and their business is very much in the news stuff....

Finally back into profit! - Hopefully it will begin a strong run-up to the results in August.

RF - can you put a chart in the header?

Sorry, haven't a clue as how you do that.....but money am do have a few graphs running....more, much more to come from this company...

Don't like the red today....too many sells....they must be bonkers...

Has had a nearly 50% rise in a short period so people who bought around 2p would have made a nice profit. I've sold half today but am using the money to re-buy them in my ISA and add even more.

Staying put myself....and bought some for the isa yesterday.....very promising future for this one; I think so anyway....

required field,

Skinny (a fellow poster) has asked me to add a chart to the header of this thread. As it is your thread do you have any objections? If not let me know and I will make the necessary changes to the header,

Ian

No, none at all, go ahead.... my internet skills are limited, very interesting this share....

Topping up at 2.025p, full year results out at the end of the month, that's when everyone will start to take notice.

Nice to see Wasabi moving up nicely - purchased more at 2.025 as well and finally in profit:)

RNS Number : 2978N

Wasabi Energy Limited

31 August 2011

31 August 2011

Wasabi Energy Limited

("Wasabi," "the Company" or "the Group")

Final Results

The Board of Directors of Wasabi Energy Limited (AIM: WAS.L) present the final, audited financial report of the Company and its subsidiaries for the year ended 30 June 2011.

The Company's three main investments currently comprise:

Global Geothermal Ltd ("GGL") - 97% owned with agreement to purchase remaining minority interest

Aqua Guardian Group ("AGG") - 47.5% ownership

Australian Renewable Fuels ("ARF") - 17.33% ownership

Highlights

-- Successful listing of Wasabi on London Stock Exchange Alternative Investment Market raising A$7.9 million (GBP4.9 million)

-- Appointment of key management including Chief Operating Officer and President International

-- Global Geothermal Group signs licensing agreement with FLSmidth for the global deployment of Kalina Cycle(R) power plants in the cement and lime industries

o Pipeline of over 10 plants under review

-- Enhanced build, own, operate suite of Kalina Cycle(R) power plants with two plants secured

-- Further commercial development of AquaGuardian Group's AquaArmour water conservation product

o Successfully deployed across three sites in Australia

o Joint venture with Srithai Superware PLC in South-East Asia

-- Australian Renewable Fuels increases capacity to 150+ million litres per annum and secures feedstock at constant price

-- Additional placing to satisfy institutional demand raises GBP3 million (A$4.8 million)

Post Period End Highlights

-- Agreement to underwrite the proposed rights issue of Clean TeQ in line with AGG's strategy of becoming a major water company

Mr. John Byrne, Executive Chairman of Wasabi Energy, commented:

"This has been a transformational year for Wasabi with our successful listing on AIM. We have a strong management team, further bolstered by two key appointments during the year, and have continued to develop and achieve commercial success with each of our environmental sustainability solutions. We believe we have the platform in place to continue to develop our various businesses and we are excited about the pipeline of opportunities that lie ahead."

Wasabi Energy Establishes Kalina Cycle Project Development Company in Turkey.

. Wasabi Energy subsidiary to focus on build-own-operate Kalina Cycle projects

. The establishment of Imparator Enerji to spearhead development of IPP business in Turkey

. The Kalina Cycle well positioned in the rapidly growing Turkish renewable energy sector

. Imparator Enerji to deliver presentation at GeoPower Turkey on 21 September 2011

The directors of LonZim PLC (AIM: LZM), Beowulf Mining plc (AIM: BEM), Respect Your Universe (OTCBB: RYUN) and Wasabi Energy Limited (AIM: WAS) will be presenting:

Tuesday the 11th October 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

FREE registration : http://www.proactiveinvestors.co.uk/register/event_details/123


This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

Maybe of interest to any holders - United States to lead the world in geothermal power capacity

Wasabi Energy Limited
("Wasabi," "the Group" or "the Company")

Wasabi Energy Establishes ADR Programme

Wasabi Energy (ASX:WAS, AIM:WAS) announces today that it has appointed Bank of New York Mellon as its depository bank in relation to the establishment of an American Depository Receipt (ADR) programme. The ADR programme allows stocks in a foreign corporation to trade in the United States of America. Each ADR represents a specified number of shares in the company. ADRs are bought and sold like a normal stock. The Wasabi Energy ADRs will be issued by the Bank of New York Mellon.

Wasabi Energy is already traded on the Australian Stock Exchange and the AIM market of the London Stock Exchange. There will be a capped amount of 6,000,000 ADRs which represents less than 25% of the issued share capital of the Company and will be created on the ratio of 1 ADR to 100 ordinary shares.

The ADR programme will be established on 21 November 2011 and the ADRs will be available on the pink sheets shortly thereafter.

In addition the Company has appointed Casimir Capital LP to be its Principle American Liaison in relation to the trading of the Company's ADRs on the OTCQX market. The OTCQX is the premium tier of the US Over the Counter (OTC) market. It provides non-US companies access to US investors without the regulatory cost of listing on the US exchanges. By listing on OTCQX Wasabi Energy anticipates a broader coverage to potential ADR holders in the US. Trading on OTCQX is expected to commence in the near future once regulatory approval is granted.

John Byrne, Executive Chairman of Wasabi Energy commented "the implementation of the ADR programme opens Wasabi Energy to a new market of investors in the US. The establishment of the ADR is a result of a number of conversations with US based institutions who are supportive of the business model but due to their structures for share ownership and compliance costs associated with holding ordinary shares in overseas markets, are unable to take a position. The ADR programme facilitates US based shareholders to hold investments in foreign listed entities with minimal transactions cost. In addition the listing of the ADR on OTCQX will broaden our reach to those sectors of the US investment community such as private wealth managers and small to medium funds which are not currently accessed. Wasabi Energy is a global company and we are excited about the issue of the ADRs which together with the ASX and AIM listings make Wasabi Energy more accessible to the global investment community."

Good news today .....big contract !.

Here is the RNS. Wasabi Energy Signs Term Sheet with ArcelorMittal South Africa, for 30 MW Kalina Cycle Power Plant.

Anyone speak Australian? :-) Appendix 4C cash flow statement as released to the ASX.

Topping up, averaging down, whatever you want to call it, it's a bargain at 1.5p. Long term, slow burn, be rich one day on the back of this and Mr Byrne.

Wasabi Energy Limited
("Wasabi," "the Group" or "the Company")


Wasabi Energy Achieves Start-Up of First Kalina Cycle® EcoGen Unit at a Japanese Hot Spring.

§ First Kalina Cycle® EcoGen unit for GERD completed and installed successfully
§ Recently installed Kalina Cycle® EcoGen unit incorporates next-generation micro-turbine technology
§ Demonstrates the advanced Kalina Cycle® as a technology suitable for global hot spring and geothermal markets

Wasabi Energy (ASX: WAS, AIM: WAS, ADR: WSBLY) is pleased to announce that the Geothermal Energy Research & Development (GERD)1 organisation has recently installed a Kalina Cycle®2 power plant at the Matsunoyama Onsen hot spring at Tokamachi, Niigata in Japan. The innovative Kalina Cycle® units based on the miniaturisation of the core technology are known as EcoGen units and were recently developed in conjunction with GERD, as part of an R&D project that was sponsored by the Ministry of Environment in Japan. The Kalina Cycle® EcoGen units have been developed specifically for low temperature applications in the Japanese hot spring market and other low enthalpy geothermal markets.

The first Kalina Cycle® EcoGen unit was officially opened during a ceremony by the Senior Vice Minister of the Environment, Mr. Katsuhiko Yokomitsu in the Niigata Prefecture approximately 160 kilometres from Tokyo. The geothermal power produced by the Kalina Cycle® EcoGen unit will be utilised by the local area and is the first operation of a binary power generation system in Japan utilising thermal energy from hot springs at a temperature below 100oC.

Following installation and start-up, the first Kalina Cycle® EcoGen unit will undergo extended testing and commissioning to optimise the performance of the installed unit. A second unit will undergo testing following installation to optimise the performance of the Kalina Cycle® system to ensure power generation is maximised during fluctuations in enthalpy parameters which are common in hot springs.

The recently installed Kalina Cycle® EcoGen unit was designed by Wasabi Energy's Recurrent Engineering subsidiary, with the power unit assembled in China by Wasabi Energy's Kalina Cycle® licensee in China, Shanghai Shenghe New Energy Resources Science and Technology Co. Ltd (SSNE).

Half Yearly Report

The Board of Directors of Wasabi Energy Limited (ASX: WAS, AIM: WAS, ADR: WSBLY) present the financial report of the Company and its subsidiaries for the six months ended 31 December 2011.

The Company's three main investments currently comprise:

Global Geothermal Ltd ("GGL") - 100% ownership

Australian Renewable Fuels ("ARF") - 13.3% ownership

AquaGuardian Group - 79% ownership

Highlights:

-- Signing of a term sheet with ArcelorMittal South Africa for two build-own-operate Kalina Cycle(R) power plants of 6 MW and 24 MW at the Vanderbejlpark steel plant in South Africa

-- Establishment of a Turkish subsidiary, Imparator Enerji, to pursue opportunities for Kalina Cycle(R) power in the renewable and industrial sectors

-- On time procurement for major components for the 8.6MW Kalina Cycle(R) power plant project with FL Smidth at the DG Khan cement works in Pakistan

-- Establishment of an American Depository Receipt (ADR) programme in the United States with trading on OTCQX expected to commence in February 2012

-- Consolidation of ownership position to 79% in Aqua Guardian Group
-- Sales to local water utilities and councils of AquaArmourTM for evaporation and algal control

-- Increase in revenue of 881% compared to 2010 half year. Revenue increase predominately from DG Khan contract and additional engineering support provided to FL Smidth.

The total loss of the consolidated entity attributable to the owners of the parent for the half year ended 31 December 2011 was $5,216,238 (2010: net loss $2,488,035). This equates to a basic loss per share of 0.23 cents (2010: basic loss per share of 0.17 cents). This loss is represented by a gross profit from operations of $624,737, exchange gains of $387,051 and expenses of approximately $2,700,000. In addition, the holding in Australian Renewable Fuels Limited (ARF) was marked down by $2,872,606 under the applicable Australian Accounting Standard to its 31 December 2011 trading price of 1.4c. The Group has already realised its cash investment in ARF from earlier sales of ARF shares and options and therefore its holding, while creating a loss under the accounting standards will represent a positive cash flow at the time of any future disposal.

The Company's non-core listed investments have a current market value of over $5,000,000 and the Board expects to realise these investments in part or in whole in the short term.

Mr. John Byrne, Executive Chairman of Wasabi Energy, commented:

"During the period our focus was on the delivery of our existing contracts and the ongoing development of new business ventures. We made steady progress across all of our key technologies, and we were delighted to deliver several significant business developments, including a landmark agreement with Arcel

RNS Number : 2876Y

Wasabi Energy Limited

28 February 2012

28 February 2012

WASABI ENERGY LIMITED

("Wasabi," "the Group" or "the Company")

TRADING COMMENCES FOR AMERICAN DEPOSITARY RECEIPT ("ADR") PROGRAMME

Wasabi Energy Limited (ASX: WAS / AIM: WAS / OTCQX: WSBLY), is pleased to announce that following the establishment of an ADR programme on 21 November 2011, trading of the ADRs commences today on the OTCQX market in the United States of America (US). The ADR programme allows foreign companies to trade on the Over-the-Counter (OTC) market through the OTCQX with, in Wasabi's case, 1 ADR being the equivalent of 100 ordinary shares. Following regulatory approval the ADR's can now be freely traded on the OTCQX market.

The Company has appointed Casimir Capital LP (casimircapital.com/us/) to be its Principle American Liaison in relation to the trading of the Company's ADRs on the OTCQX market. The OTCQX is the premium tier of the US Over-the-Counter market designed for the best OTC companies that meet the highest financial standards and undergo a qualitative review. It provides non-US companies access to US investors without the regulatory cost of listing on the US exchanges. By trading on OTCQX, Wasabi anticipates a broader coverage to potential ADR holders in the United States. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on: otcmarkets.com/stock/WSBLY/quote.

Wasabi has appointed BNY Mellon as its Depositary to establish and maintain the ADR facility. BNY Mellon is the leading depositary provider, managing substantially more sponsored Depositary Receipt programmes than any other depositary bank in the world, with Depositary Receipts issued for more than 2,100 programmes with companies from 67 countries. Further information can be found at www.adrbnymellon.com

Wasabi is already traded on the Australian Stock Exchange and the AIM market of the London Stock Exchange. There will be a capped amount of 6,000,000 ADRs which represents less than 25% of the issued share capital of the Company.

RNS Number : 7900A

Wasabi Energy Limited

04 April 2012

4 April 2012

WASABI ENERGY LIMITED

("Wasabi," "the Group" or "the Company")

Option Agreement and Update on Turkish Subsidiary

Wasabi Energy Making Progress Towards Key Commercial Milestones in Turkey.

-- Waste-heat to power Kalina Cycle(R) opportunities in Turkey confirmed to be greater than 1,700 MWe

-- Wasabi Energy has evaluated projects with potential Kalina Cycle(R) capacity exceeding 150 MWe

-- Wasabi Energy through its wholly owned subsidiary Imparator Enerji has recently entered into a series of commercial arrangements, including the purchase of an option to acquire an interest in an advanced geothermal project

Wasabi Energy (ASX: WAS, AIM: WAS, ADR: WSBLY) is pleased to provide an update on the significant progress its wholly owned subsidiary Imparator Enerji(1) has made in the Republic of Turkey. Sustained growth in Turkey's economy and the corresponding increase in energy demand provides Wasabi Energy with a unique market opportunity to implement its innovative Kalina Cycle(R) power generation technology. Imparator Enerji was established in Turkey in early 2011, to pursue Kalina Cycle(R)(2) project development opportunities in both the Generation (IPP) and Technology (EPC) divisions of the business.

Increased industrial activity in Turkey and the rapid modernisation of the country has resulted in an unprecedented demand for energy, particularly electrical power in Turkey. Recent reports indicate that Turkey currently imports approximately 75% of all its energy requirements and continued growth is likely to put additional pressure on the supply and security of energy in Turkey. During the last decade, the Government of Turkey has implemented a comprehensive reform agenda in the energy sector specifically designed to increase competition and encourage investment. Imparator Enerji is positioning itself to benefit from opportunities created by energy policies including a focus on industrial energy efficiency and support for renewable energy sources like geothermal in the form of a feed-in tariff.

Imparator Enerji Update

As the licensee for the Kalina Cycle(R) power generation technology in Turkey, Imparator Enerji has been actively pursuing commercial Generation and Technology project opportunities in both the Waste-Heat to Power and the Renewable Energy sectors. In recent months, Imparator Enerji has entered into a series of commercial arrangements with a number of strategic partners including project developers in Turkey. The commercial arrangements include the development of project termsheets for several potential Kalina Cycle(R) project opportunities, including an agreement (the "Option Agreement") to purchase an option (the "Option") to acquire a 50% interest in an advanced geothermal project with a build-out opportunity to generate further power through the potential application of our innovative Kalina Cycle(R) technology. The geothermal project is not currently profitable.

The Option Agreement expires on 31 December 2013. It is subject to partner and regulatory approvals, to be received by Wasabi before exercise of the Option. Total consideration for purchase and exercise of the Option is US$11.75 million, of which US$100,000 is payable within seven days of the Option Agreement being signed. The total consideration also includes a US$5 million loan note to be issued by Wasabi Energy. The balance of the total consideration, will be payable in cash in staged payments on or before 31 December 2013, and is payable if Wasabi continues with, and subsequently exercises, the Option. Should it choose to exercise the Option, Wasabi Energy would also provide surety for the existing debt facility of the project company.

Kalina Cycle(R) Market Opportunities in Turkey

The Kalina Cycle(R) is a highly versatile power cycle technology capable of efficiently converting thermal energy from a range of heat sources into electrical power. Imparator Enerji has identified significant opportunities to apply the Kalina Cycle(R) to projects in Turkey with thermal energy resources available in both the waste-heat to power and the renewable energy sectors.

WASTE HEAT TO POWER

Turkey is one of the largest producers and exporters of glass, textiles, cement and iron & steel products in Europe. In turn, these and other significant industrial sectors are responsible for approximately 40% of all energy consumption in Turkey.

Market Potential - Kalina Cycle(R)

The Kalina Cycle(R) is suitable for recovering waste heat and generating power from the industrial heat sources outlined below. This analysis excludes one of the largest sources of waste heat, thermal energy from the power generation sector.

Update on Option Agreement.

Update on Option to Acquire 50% of an Advanced Geothermal Power Generation Project in Turkey.

§ The project subject to the Option includes an operating 7.5 MWe geothermal power plant in Canakkale Turkey

§ Significant build-out opportunity with historical studies indicating geothermal power generation potential of up to 80 MWe

§ Commenced pre-feasibility study for the development of a first stage 14 - 17.5 MWe build-out

FLSmidth Secures 4.75 MWe Kalina Cycle® Power Plant Project.

The Directors of Wasabi Energy (ASX: WAS, AIM: WAS, OTCQX: WSBLY) advise that its Kalina Cycle® licensee, FLSmidth has secured a contract to install its second Kalina Cycle® power plant utilising waste heat from a major cement plant.

The new contract is for a 4.75 MWe Kalina Cycle® power plant which will be installed by Q2 CY2013 at Star Cement's cement plant in Ras Al Khaimah, United Arab Emirates. Star Cement Co. LLC was acquired in 2010 by UltraTech Cement which is part of the Aditya Birla Group, a US$35 billion Indian based diversified global corporation.

Wasabi Energy will receive a one-off license fee based on the gross power output of the Kalina Cycle® plant.

The Executive Chairman of Wasabi Energy, Mr John Byrne explained "the new contract highlights the potential for the tremendous growth of Kalina Cycle® technology. Through our licensing agreements, Wasabi Energy receives one-off licence payments of between $50,000 and $150,000 per installed MW, depending on the licensor and the particular industry."

"We have estimated the global market potential for waste heat recovery for the cement and lime industries at in excess of 15,000MW".

He added "FLSmidth as the world leader in supplying engineering to the cement and lime industries is well positioned to capitalise on this market."

"We would expect that when the first Kalina Cycle® project at the DG Khan plant in Pakistan comes on stream next quarter, the order rate will increase."

"For Wasabi however, licensing and engineering income, such as that received from FLSmidth, is not expected to be the primary driver of growth" Mr Byrne said.

"While these will provide a solid income stream, Wasabi Energy plans to drive its growth by building owning and operating power plants and selling power to either the customer providing waste heat or into the local grid."

"Wasabi Energy aims to start 25MW of build own operate plants over the next 12 months."

"The company recently announced on 23 May 2012 it is purchasing an option to acquire 50% of the Tuzla Geothermal Power Project in Turkey. This project has an operating 7.5MW geothermal power plant and we are working on a pre-feasibility study for a first stage build out of new 14 to 17.5MW geothermal power plant. Resource estimates by MTA, the Mineral Research & Exploration General Directorate in Turkey which discovered the resource indicate power generation potential of up to 80 MW from the Tuzla Geothermal Power Project."

Placing and rights issue

Wasabi Energy (ASX: WAS, AIM: WAS) is pleased to announce that it is raising up to $9.8m through a placing for $5.1m and a partially underwritten rights issue to raise up to $4.7m.

The placing is with UK institutional investors for 300,000,000 new Ordinary Shares at a placing price of 1.1p per share (approximately 1.7 Australian centsii) ("Placing Price") to raise gross proceeds of approximately $5.1 m (£3.3m) ($4.7m (£3.03m) net of expenses) (the "Placing"). Application has been made for the Placing Shares to be admitted to AIM. It is expected that the Placing Shares will be Admitted to AIM and that trading will commence on 2 July.

In addition the Directors of the Company are pleased to offer shareholders the opportunity to participate in the funding of the Company at the Placing Price by way of a non-renounceable rights issue on the basis of one new ordinary share for every ten ordinary shares held (the "Rights Issue" or "Offer"). The Company will raise up to $4.7 m (£3.03 m) gross proceeds from the Rights Issue including $2.5m being underwritten by the Chairman, John Byrne (and his associates), (comprising an underwriting of $2.13m and the take up in full of his entitlement of $370,000) and $100,000 by Robert Vallender, a Director of the Company. Further details of the Placing and the Rights Issue are presented below.

Am I getting this right ?,: 1 for 10 at 1.1p a share and the price at the moment is : 1.15p.......not exactly a bargain ......not worth doing if this is correct....

China Licensee, SSNE, signs design agreement with Sinopec

· Agreement for design of 4.0 MWe Kalina Cycle® power plant at the Hainan petrochemical plant
· Sinopec, a leading integrated petrochemical company in China, operates 45 major petrochemical facilities
· Investigating potential for utilising the Kalina Cycle® in global oil & gas fields

Finalisation of Purchase of Option Agreement

Finalisation of Purchase of Option to Acquire 50% of the Tuzla Geothermal Power Project in Turkey.

· Purchase of Option over Tuzla Project finalised by Wasabi Energy

· Project consists of 7.5 MWe power plant and additional development opportunities

· Potential of increasing footprint of the geothermal resource in the near term

· Significant build-out opportunity with historical studies indicating geothermal power generation potential of up to 80MWe

Not very liquid this share. asking over the SP to buy. have had a limit buy order for the offer SP in since early doors but not a sniff yet.

Wasabi Energy extends its African operations - BRR webcast

WASABI ENERGY LIMITED (ASX: WAS, AIM: WAS, OTCQX: WSBLY) has released a webcast with the following details:

Wasabi Energy extends its African operations

Speaker:Diane Bettess, Chief Operating Officer

Live date:Tue, 21 Aug 2012 10:30am AEST

Access this webcast at www.brrmedia.com/event/102038

Access other WAS webcasts at www.brrmedia.com/asx/WAS

Final Results

Highlights:

· Continued milestones achieved with dual deployment strategy for power business:

- Establishment of Kalina Cycle® plants in Turkey, South Africa and Iceland for build own operate independent power production

- Acceleration of Kalina Cycle® deployment worldwide with licensee partners, including revised feasibility study on track with ArcelorMittal South Africa and second contract for a Kalina Cycle® power plant secured with FLSmidth for the cement industry

· Ongoing enhancement of Kalina Cycle® intellectual property and extension of broad patent portfolio

· Increased ownership of Aqua Guardian Group to 79% with market penetration gathering pace.

Financial Highlights:

· The Group loss for the year to 30 June 2012 is AUD$7.45m (2011 - Loss AUD$0.55m)

· AUD$0.66m gross profit predominantly from GGL, the power technology division

· The loss included a non-cash loss on investments of AUD$3.76m

· On 2 July 2012, including receipt of the placing funds on 2 July 2012, the Group had a cash balance of AUD$4.77m (which does not include the funds from the Rights Issue which were received on 17 August 2012).

Wasabi New Energy Asia

Wasabi New Energy Asia to be established for Kalina Cycle®

Wasabi Energy Limited (ASX:WAS, AIM: WAS, OTCQX: WSBLY) ("Wasabi"), an emerging power producer, is pleased to announce that it has entered into a conditional agreement to establish a new subsidiary, Wasabi New Energy Asia ("WNEA"), to accelerate the implementation of its proprietary Kalina Cycle® Power Technology throughout the Asian region. Wasabi's wholly owned Kalina Cycle® power technology converts waste heat into electric power production with increased efficiency over competing technologies.

Following its establishment, Wasabi will hold 50% of WNEA and will have the right to appoint a majority of the Board. The Directors of Wasabi believe that, following the pace of adoption of the Kalina Cycle® technology throughout the Asian region to date, there is significant opportunity to accelerate this development programme through the establishment of a specialist focused subsidiary. WNEA will have a dedicated management team based in Asia that will leverage its existing large network of industrial partnerships and contacts alongside those of Wasabi in the Asian region. Wasabi intends to list WNEA on both the Canadian TSX and an appropriate Asian stock exchange.

Wasabi has also entered into an agreement to facilitate the acquisition by WNEA of Newmont Asset Limited ("Newmont") for a total cash consideration of US$16.5m and 50% of the enlarged initial share capital in WNEA. Newmont has entered into a contract to purchase 50.5% of SSNE concurrently with WNEA's acquisition of Newmont. Further details of the transactions are included below.

AGG contract with AngloGold Ashanti Australia

Highlights:

· First mining deployment of AGG's AquaArmour™ with AngloGold Ashanti Australia
· Environmental considerations and flexibility of AquaArmour™ product key to winning business
· Secondary sale to existing client for a further 7000 square meters
· Growing pipeline of upcoming sales

Excellent volume - currently up 21%

Issue of Secured Loan Note

Highlights:

· AUD$6,150,000 raised through the issue of Secured Loan note

· US$4,850,000 utilised for next stage of Wasabi New Energy Asia development

· Provides momentum to the Kalina Cycle® focus for Wasabi

Wasabi New Energy Asia Update

Wasabi Energy Limited (ASX:WAS, AIM: WAS, OTCQX: WSBLY) ("Wasabi"), an emerging power producer, announces that it has paid approximately US$5.6 million, on behalf of Wasabi New Energy Asia (WNEA) for the first payment to purchase 50.5% of Shanghai Shenghe New Energy Resources Science & Technology Co Ltd (SSNE), the Kalina Cycle® licensee for China, Macau, Taiwan and Hong Kong. This payment was partly settled by the issue of 39,767,756 Wasabi shares at 1.8c per share.

As announced on 12 November 2012, WNEA is being established to advance the use of the Kalina Cycle® and SSNE's patented Enhanced Rankine Cycle power technology throughout the Asian region. Following the establishment of WNEA, Wasabi will hold over 50% of WNEA and will have the right to appoint a majority of the Board.

On the cusp of a golden cross, +10% on reasonable volume.

EPC Contract with Sinopec

EPC contract signed with Sinopec for Kalina Cycle® power plant

· Wasabi New Energy Asia subsidiary, SSNE signs US$10m EPC contract with Sinopec
· Sinopec is one of the largest integrated petrochemical producers in China
· First application of the Kalina Cycle® in the Chinese petrochemical industry
· Follows a design and technical services contract as announced in August 2012
· Key step in aggressive global rollout of Kalina Cycle® technology

30 January 2013

Wasabi Energy Limited

("Wasabi," "the Group" or "the Company")

Additional Secured Loan Note and Issue of Equity

Wasabi Energy Limited (ASX:WAS, AIM:WAS, OTCQX:WSBLY) ("Wasabi"), an emerging power producer, announces that it has raised a further $850,000 under the Secured Loan Note (the "Loan") as announced on 2 January 2013. The total Loan is now $7,000,000 along with 350,000,000 warrants to subscribe for shares at 2 cents per share.

This additional amount carries the same terms and conditions as the initial Loan.

The Company has also issued 728,046 new ordinary shares at 1.8c per share in relation to the purchase of SSNE by Wasabi New Energy Asia Limited. These additional shares are for the final FX adjustment between Australian dollars and RMB.

Following admission of the above shares, expected to be on 4 February 2013, the Company will have 3,049,038,915 Ordinary Shares of no par value in issue. The above figure of 3,049,038,915 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Not directly relevant, but it may raise awareness.

Glasgow under-street heating plan unveiled

Researchers are launching a project which aims to use water from abandoned coal mines to provide up to 40% of Glasgow's heat.

It is hoped reservoirs in the city's old tunnels can be used to create geothermal energy.

Half Yearly Report

Major milestones achieved include:
· Continued development for Kalina Cycle® power plants in all key markets culminating in strategic aim to build 25MW's of proprietary power to 2015 and targeting 25MW's of growth per annum thereafter.

· Rollout of regional subsidiaries with dedicated, local, experienced management teams, including establishment of Wasabi New Energy Asia to focus on deployment of the Kalina Cycle® in the Asian region;

· The agreement and part payment for the purchase of 50.5% of Shanghai Shenghe New Energy Resources Science and Technology (SSNE), a Kalina Cycle® licensee for China, Taiwan, Macau and Hong Kong by Wasabi New Energy Asia;

· Wasabi New Energy Asia subsidiary, SSNE awarded EPC contract with Sinopec, China's leading petrochemical producer, following a design and technical services contract for a 4MW Kalina Cycle® plant at the Hainan Petrochemical facility, China

· Purchase of the option over 50% of the Tuzla Geothermal Power Project in Turkey which has an operating 7.5 MWe geothermal power plant and pre feasibility for a 17.5MW Kalina Cycle® power plant;

· All major Kalina Cycle® licensees have Kalina Cycle® power plants under construction;

· Entry into the mining industry by Aqua Guardian Group with a sale of its water conservation product AquaArmourTM to Anglogold Ashanti;

· Successful placing and rights issue in July 2012, raising $8.9m with strong support from major institutional shareholders, and issue of a secured loan note in December 2012 raising $6.5m. Proceeds will be used to fund expansion of the regionally-focused Kalina Cycle businesses.

The Company's non-core listed investments have a current market value of over $9,000,000 and the Board expects to realise these investments in part or in whole in the short term.

Asian Expansion and JV

Wasabi accelerates Asian expansion and establishes JV to address Kalina Cycle® opportunities in the coal industry

· Establishment of Wasabi New Energy Asia complete and first US$3.59m Pre-IPO funds agreed
· Agreement to establish a JV Company with Augut Clean Energy for Kalina Cycle® applications in the coal industry
· A$1.5m subscription by Augut Clean Energy in Wasabi Energy
· Wasabi Energy proposed shareholder meeting

Non-renounceable Rights Issue - Supplemental Prospectus

WASABI ENERGY CLOSES RIGHTS ISSUE

Wasabi Energy Limited, (ASX: WAS, AIM: WAS, OTCQX: WSBLY), an international power producer, advises that the non-renounceable rights issue (the "Rights Issue") announced on 15 May 2013 closed on 13 June 2013.

The number of shares taken up by shareholders was 126,535,521 representing 33% of the ordinary shares of the Company ("Ordinary Shares") on offer. The shortfall of 254,594,679 Ordinary Shares will be available to be placed by the directors for up to 3 months. The Rights Issue raised approximately A$1 million.

Application has been made for the total amount of 126,535,521 Ordinary Shares issued pursuant to the Rights Issue to be admitted to trading on the AIM market and admission is expected to take place on 20 June 2013.

Following the Rights Issue the Company will have 3,325,574,437 Ordinary Shares in issue.

The holding statements will be dispatched shortly.

Wasabi Plans Africa Expansion on Growing Demand for Clean Energy

Wasabi Energy Ltd., a developer of clean-power technology, plans to sell shares in a new unit in Africa as rising demand across the continent lures finance from Asia.

“There seems to be a lot of funding that is wanting to go towards Africa,” Diane Bettess, chief operating officer of the Melbourne-based company, said by telephone. “Chinese companies have built themselves up and got massive penetration in China and now they’re looking for growth so they’re looking outside.”

Directors Dealings

Mr John Byrne related entities purchased 329,142 ordinary shares of the Company on market on 28 June 2013 at 0.6c per share.

Following the purchase of the shares, Mr John Byrne and his related entities now hold 351,731,620 ordinary shares representing 11.1% of the issued capital of the Company, along with 23,688,746 options exercisable at 0.8c each.

UPDATE ON WASABI NEW ENERGY ASIA AND ISSUE OF SHARES

The Directors of Wasabi Energy Limited (ASX: WAS, AIM: WAS, OTCQX: WSBLY), advise that the next instalment of RMB18 million (US$2.85m) has been paid by its subsidiary, Wasabi New Energy Asia (WNEA), for the purchase of Shanghai Shenghe New Energy Resources Science and Technology Limited (SSNE).

As previously announced in November 2012, Wasabi, through its subsidiary, Wasabi New Energy Asia Limited, agreed to purchase 50.5% of SSNE for approximately US$30 million. To date US$22 million has been paid (US$8.2 million in cash, and WNEA has issued 30 million shares at US50c each). The balance of RMB53 million (US$8.30m) is due before 30 November 2013. WNEA has appointed an international brokerage house in Hong Kong to complete a pre-IPO fundraising within this timeframe. It is planned to list WNEA on the Singapore stock exchange in the first half of 2014.

Wasabi granted an option for the vendors to take 31.25% of their WNEA share consideration in Wasabi shares at A1.8c per share (WNEA Option). The vendors have exercised this option and as a result the vendors have been issued 288,001,844 new Wasabi shares at A1.8c per share.

Following the exercise of the WNEA Option, Wasabi owns 40 million shares (66.67%) in the issued share capital in WNEA. In addition, Wasabi has provided loan funds of $5.6m to WNEA in order to facilitate a proportion of the above payments. This loan will be converted into additional shares in WNEA at the time of the IPO at US50c per share.

Wasabi New Energy Asia is being established to address the energy efficiency and renewable power needs of the Asian market. SSNE has been operating within the market in China since 2007 and has already completed a number of projects including the successful powering of the Shanghai Corporate Pavilion at the World EXPO held in Shanghai in 2010 with a Kalina Cycle® power plant using a solar thermal array as the heat source.

Quite strong over the past 5 days on good volume.

It's been a while. Long term holder here but I didn't expect to be wallowing around below 0.5p for so long. Still some way to go to get back to break even never mind profit!

Up another 27% on strong volume - lets hope its not smoke and mirrors!

Looks more like smoke as the stock crashes and burns again.

Shocking stock performance since IPO.

These daily price movements really are making the stock market a bit of a joke, especially with no news.

Question?

What happens if a company fails to raised the funds it needs from a rights issue and the company goes out of business? Do you get the money from the rights issue back as they have not traded yet.

This stock is looking very bad at the moment.

Cheers

It doesn't look good does it!

I have quite a few of these.

The Company is completing a Non-renounceable Rights Issue and is awaiting notification of the amount raised from its UK based registrar as well as its Australian registrar. Current indications, however, suggest that the Company will not have sufficient acceptances of the rights to allow the Company to repay its secured loan notes of a total value of AUD$8 million (including interest) which are now due. The Directors will consider the final amount raised under the Offer with regard to its financial obligations and proposed use of funds as set out in the Offer Document and are currently in discussions with the loan note holders regarding repayment, with third parties to place any shortfall of the rights issue and in relation to the Company's Tuzla project. There is no guarantee that such discussions will be successful.

A further announcement will be made as soon as possible once the Company has confirmed acceptances under the rights issue and, following that, on discussions with loan note holders and third parties and therefore have further clarity on the Company's financial position.

The Directors have also requested a temporary suspension of trading of its ordinary shares on the ASX, which will remain until 3 January 2014.

Only 6.5% take up of rights issue.

Looks doomed

This is the last AIM stock i'm investing in. AIM market is a joke.

Strange amount raised as John Bryne owns 11.1% of the company’s issued share capital so it should have been at least that amount.

Nice start to the new year - NOT!

Voluntary Administrators

Following the consideration of its current financial position, the directors of Wasabi Energy Limited (Wasabi) today resolved to place Wasabi into voluntary administration and appointed John Lindholm and Stewart McCallum of Ferrier Hodgson as joint and several administrators of Wasabi.

The Board is committed to working with the administrators to determine the future of Wasabi and a further update will be provided to shareholders shortly.

ENDS

Luckily I sold out in Oct 2012 for 1p but still lost 20%
2517

The rights issue refund is in for anyone waiting.

At least got some money back.

Looks like it's just about alive - severe dilution though - Would own 232 shares after the consolidation. Better than zero though.

Wasabi Energy Limited said creditors have approved a proposal for a Deed of Company Arrangement (DOCA) to satisfy creditors and the initial recapitalisation of the company.

It was expected the company will execute the DOCA in the near future, and in any event within 15 business days.

Final creditor numbers and number of New Shares to be issued would be determined once the formal proof of debt process has been completed.

The Creditors voted in favour of the following DOCA proposal:

- The consolidation of the existing issued share capital on the approximate basis of 1 share (New share) for each 860 shares currently held;

- The issue to all creditors, including the Secured Loan Note holders, of 2 New Shares for each $1 of debt owed to them;

- Salida Accelerator Fund will be issued 2 New Shares for each $1 of debt owed to it, up to half of its outstanding amount (approximately $500,000). The remaining half of the Salida debt will remain in the Company as a secured debt owing by the Company with an extension of the maturity date.

- A syndicate of lenders will provide $750,000 of secured funds to allow the Company to progress through the DOCA process. Mr John Byrne will participate in this syndicate and further disclosure of his participation will be made at the time of execution of the DOCA.

The Company has consolidated its Share Capital and has also changed its name. Under the terms of the Consolidation and name change every 765 Wasabi Energy Shares were consolidated into 1 new Enhanced Systems Technologies Limited Share.

AIM Cancellation - Enhanced Systems Technologies Ltd