Camco is a global developer of greenhouse gas emission reductions and clean energy projects. Have been providing their clients with project development expertise, technical delivery capabilities and policy advice for over 20 years.

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Investor Chronicle
Created: 19 April 2011 -- Written by: Graeme Davies

Camco crystallising value
Clean energy project developer Camco International continues to build long-term value in its business. In its six-monthly update, the company said its portfolio of carbon credits, delivered from projects in the developing world which it has helped to originate, has continued to grow. Its portfolio for delivery before the end of the current phase of the Kyoto Protocol in 2012 edged up by 3 per cent and its post-2013 portfolio increased by 33 per cent. Crucially, 70 per cent of its portfolio is now registered with the UN, a key landmark before credits can be created.

SHARE TIP UPDATE:
Buy
As well as being pushed upwards by the rising oil price, carbon pricing has hardened further since the Japanese nuclear disaster. On average, forward pricing contracts have risen by 19 per cent over the past quarter. This bodes well for Camco, which is building up significant unrealised value in its portfolio. Buy.

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AGM Statement.

AGM Statement
Camco International Limited ('Camco', AIM: CAO), a global developer of emission reductions and clean energy projects, will make the following statement at its AGM today, covering relevant developments in the global macro-regulatory environment and its recent operations.

Regulatory Progress and Continued Delivery

Regulatory highlights

There have been significant regulatory advances in a number of regions in the last quarter that will act as key drivers in the emission reduction and clean energy markets, in which Camco is active, over the course of the next few years, these include:

The Australian Senate passed on November 8th 2011 a clean energy bill establishing an A$23 (17) carbon price from mid-2012 and floating price Emissions Trading Scheme (ETS) from mid-2015. Up to 50% of emissions may be covered through purchase of international offsets.

California has progressed towards its cap-and-trade scheme following the Air Resources Board approval on October 20th 2011 of its final regulations for the scheme to start in 2013. Indicative broker offer prices are up to USD $13.00 (9.66) from USD$11.75 (8.73) in July 2011.

Quebec adopted on July 7th 2011 draft cap-and-trade regulations with compliance commencing 2013. Other Canadian provinces and US states are set to follow under the Western Climate Initiative, a growing collaboration between jurisdictions to jointly reduce emissions.

China State Council approved on November 9th 2011 its 12th 5-year plan targets to reduce energy intensity 16% and carbon intensity 17% by 2015, and increase non-fossil fuel primary energy consumption from 10% to 15% by 2020. As part of this, China is piloting four city and two provincial carbon ETS's in 2013, towards the establishment of nationwide cap-and-trade scheme in 2015.

EU Heads of State endorsed on 23rd October 2011 the EU position for COP17 in Durban in December 2011. The EU has stressed a desire for a comprehensive global legally binding framework with a clear timeline. The extension of the Kyoto Protocol to a second commitment period and corresponding treaties covering additional countries are seen as a possible means towards this.

Operational highlights

Camco's post-2012 in specie portfolio has grown to 45.9 million tonnes as at 31 October 2011

Strong delivery of 1.5 million tonnes from our pre-2012 in specie portfolio since half year.

Construction of the company's dairy biogas project in North America is ahead of schedule for completion early 2012.

Our Camco South East Asia joint venture signed Carbon Development Contracts (CDCs) totalling 2.8 million tonnes since half year.

Up over 9% today on reasonable volume.

RNS Number : 8240T

Camco International Ltd

13 December 2011

PRESS RELEASE

Camco signs assessment and monitoring contracts for energy efficiency projects with largest cement producer in China

(London, Beijing, 13 December 2011)

Camco International Limited (Camco, AIM: CAO), Camco, a global developer of clean energy projects and solutions to reduce greenhouse gas emissions , has signed new contracts with Anhui Conch Cement Company Limited (Conch), the largest cement producer in China. The contracts will see Camco provide assessment and monitoring services for 37 individual energy efficiency projects at cement production facilities owned by Conch.

For the assessment and monitoring services, Camco will receive an annual cash service fee payment up to 2020. Collectively these projects are designed to generate 29.5 million CERs during the period 2012 to 2020. 24 of the projects are operational, 16 of which have already been successfully approved and registered under the Clean Development Mechanism (CDM) with a total approved volume of 14.2 million credits.

For the remaining 13 projects, Camco will provide the carbon project development as well as assessment and monitoring services.

Conch projects use advanced high efficiency waste heat recovery technology to capture heat from the cement making process and recycle it to produce power in onsite power plants, with a total capacity of 718.8 MW displacing electricity that would previously have been taken from the local grid which is powered by fossil-fuels.

Camco and Conch first started working together in 2005, working on the Ningguo waste heat recovery project, the first in a series of energy efficiency projects at multiple Conch production facilities. The project used Japanese advanced high efficiency waste heat recovery technology, which had at that point never before been commercially financed in China. Since then the number of projects both companies work on together has expanded to 24 and now 37.

Fang Qunsheng, Executive Director Development Department of Conch Group commented: "We have a long history of working successfully with Camco to achieve carbon and energy savings at our facilities and are therefore pleased to be continuing our relationship. Conch and Camco both place environmental protection and energy efficiency as a top priority. By working closely with Camco we have been able to access the finance and expertise needed to put our ideas into practice and achieve significant energy savings across our portfolio of cement production facilities."

Yariv Cohen, President of Camco commented: "We are delighted to sign these contracts with Conch, a company with which we have built a strong working relationship over the last five years and which has shown great vision in working to reduce emissions. By working with Conch and leading Chinese companies, we continue to develop and monitor energy efficiency projects that have both a positive and long-lasting impact on the environment and produce an additional source of revenue for our clients and us. Camco has developed a total of 51 energy efficiency projects in China across industry sectors including cement, iron and steel."

Background

Cement Industry in China

In 2009, profits of the cement industry in China totalled RMB 40 billion, with over RMB 10 billion stemming from waste heat recovery and energy efficiency projects. The Chinese cement production in 2009 amounted to 1.65 billion tons; responsible for 5% of China's total energy consumption and 30% of China's total industrial granule emissions. According to the twelfth five year plan, granule emissions of the cement industry have to decrease by 50% and NOx emissions need to decrease 25% based on 2009 levels.

Energy efficiency in China

Chinese companies are increasingly looking to reduce their environmental impact following the publication of the country's 12th Five-year Plan in March 2011, which included a number of energy and emissions reduction targets totalling 16% by 2015. Camco is expanding its activities in industrial energy efficiency in China, where we see significant potential and growth and where we enhance our established relationships and our local team expertise. Camco has been providing carbon and energy services in China, drawing on the company's ability to bring together global expertise in energy efficiency with local execution familiar with the country's specific regulatory framework and culture.

-Ends-

RNS Number : 8386U

Camco International Ltd

03 January 2012

Camco International Limited

Carbon Project Development update for the six months to 31 December 2011

Camco International Limited ("Camco"), a global developer of clean energy projects and solutions to reduce greenhouse gas emissions, is pleased to provide the following carbon update for the six months to 31 December 2011.

Highlights:

-- Contracts signed to provide assessment and monitoring services for 37 energy efficiency projects with China's largest cement producer;

structure provides Camco a share of revenue at any carbon price

-- Overall increase in post-2012 portfolio to 39.9 million in specie and 27.5 million revenue share tonnes (30 June 2011; 41.5 in specie and

.4 revenue share)

-- Titles sold or delivered for 3.8 million in specie tonnes and 0.9 million cash share tonnes in H2 2011

-- Cash balance of approx. EUR11.3 million at 31 December 2011 (31 December 2010: EUR12.4 million)

-- 2011 carbon price decrease will require a year end accounting adjustment materially reducing accrued income balance to the value of

accrued costs and payments on account received

-- EU committee vote passed to withhold 1.4 billion tonnes of EUAs from ETS Phase III and eliminate more than 8.5 billion tonnes by 2050

which would tighten the future market significantly

-- As separately announced today, Zainul Rahim, a Khazanah Nasional Berhad nominee joins the board of Camco International Limited as a

non-executive director. Payar Investments Ltd (subsidiary of Khazanah Nasional Berhad) is a 23.14% shareholder in Camco

Scott McGregor, Camco CEO, said:

"This year we have seen an acceleration in signing of new contracts mainly in the energy efficiency sector and a growth in our post 2012 portfolio. We view a favourable future for the carbon market in the medium and long term, although depressed current prices in the EU market will impact the company's near term performance we finish the year with a solid cash balance. The innovative assessment and monitoring services contract signed recently is testament to Camco's ability to continue to leverage value from our business even in the toughest trading conditions, whilst the recent action by the European Parliament gives further indications following Durban that the market is set to turn around in the medium term."

RNS Number : 8385U

Camco International Ltd

03 January 2012

Camco International Limited

Board appointment

3rd January 2012

Camco International Limited ("Camco") is pleased to announce the appointment of Zainul Rahim as a Khazanah Nasional Berhad nominee Non-Executive Director to the Board of the Company. Payar Investments Ltd (subsidiary of Khazanah Nasional Berhad) is a 23.14% shareholder in Camco.

Zainul Rahim, a graduate in Engineering (Mechanical) from the University of Western Australia, has some 30 years experience with Shell in the upstream oil and gas sector.

Zainul is currently a board member of Universiti Kebangsaan Malaysia Holdings Sdn Bhd, Bank Pembangunan Malaysia Bhd and Petronas Carigali Sdn Bhd. He is also the Chairman of Hibiscus Petroleum Bhd, a listed company in Malaysia.

Zainul was a Supervisory Committee member of Sime Darby's Energy & Utilities Division till mid 2010, and during his tenure in Shell, he sat on the board of 12 companies. He was also the Chairman, Director, Trustee and member of various NGOs, including the Society of Petroleum Engineers AsiaPac, Petroleum Industry of Malaysia Mutual Aid Group, Business Council for Sustainable Development Malaysia, and Malaysian International Chamber of Commerce and Industry.

Bit of a run ashore this morning +19%

North America update

Highlights:

· Camco's 4.5MW biogas project in Idaho commenced operations and is generating power

· Camco has invested capital during the period to qualify an additional approximate $50 million in future biogas power projects for the United States Treasury's 1603 cash grant program

· Camco anticipates a further portfolio of several biogas projects of approximately $150 million to commence construction over the next 24 months.

· 27% increase in issued carbon credits

· Pre-compliance carbon prices for California increased during the 4th quarter 2011 following regulatory approval of California's cap-and-trade program.

PRESS RELEASE

Camco International Limited

Sale of UK Advisory Business for £4.5m

(London, 16 January 2012)

Camco International Limited ("Camco"), a global developer of clean energy projects and solutions to reduce greenhouse gas emissions, is pleased to announce the sale of its UK advisory business, Camco Advisory Services Limited, to Baxi Partnership Limited.

The UK advisory business currently employs 58 staff and was purchased as part of the ESD transaction[1] in 2007. The business was successfully turned around from being loss making in 2009 to profitable in 2010 and 2011[2] with a net profit before tax in 2010 of £0.5m.

The sale follows a review by the Camco Board in which the UK advisory business was considered to be outside the Company's core business of clean energy project development and carbon. The cash raised as part of this transaction will be used to grow these businesses in its key geographic markets.

Following the sale, Camco, with its expert team of 126 staff remaining around the world will continue to build up its energy project development business across North America, Africa, and Asia, with an anticipated portfolio of energy projects of approximately £250m value to be built and invested in over the next 24 months. The group announced on 10 January 2012 that its North American Biogas project has commenced power generation and that further investment was made to secure grant funding for its next phase of biogas projects of approximately $50 million capital cost.

In addition to the growing energy projects business Camco continues to leverage value from its carbon portfolio particularly its post 2012 portfolio which currently stands at 39.9 million tonnes of in specie credits and 27.5 million tonnes of revenue share credits and its growing North American carbon portfolio.

Camco will continue its advisory business in Africa and leverage its expertise and presence to expand into carbon and energy projects under favourable regulation in that region. Camco will also continue to provide certain advisory services globally outside the UK in regions where it provides strategic benefit to the development of its core clean energy project and carbon businesses.

Total consideration for the sale of Camco Advisory Services Limited (UK) is £4.5m comprising an initial £3.25m paid on closing and £1.25m over the next two years through an earn-out structure. The business sold has a book value to the company of £2.1m.

Scott McGregor, Camco CEO said

"Camco has now transformed the business into a clean energy project development business alongside a carbon projects business. After a successful turnaround of the advisory business it made sense to put 100% of our efforts and resources into growing these core businesses in North America, Asia and Africa. This transaction allows the UK Advisory team to grow and expand independently and we wish them great success for the future, thank the team for their hard work and we look forward to collaborating on future projects"

Camco International Ltd
("Camco")

Director and senior management change
The Board of Camco International Limited ("Camco") announces that Emmanuel Walter will join the company as Chief Financial Officer with effect from February 1st 2012 and that Yariv Cohen, President, has today stepped down from the Board.

Jeff Kenna, Acting Camco Chairman said "I would like to thank Yariv for his help in turning round the business over the last few years and wish him every success."

Emmanuel Walter joins from Alstom where he was CFO of Alstom Grid in Shanghai. Previously he has held senior financial positions in ABB Power Product and Alstom Power Service both in China.

Emmanuel is an ACCA fellow and has BSc in Applied Accounting, an MBA in Business & Administration and a degree in Electrical Engineering.

"Emmanuel brings a wealth of financial experience working in the power sector in China, a key market and geography for Camco and will be a strong addition to our team. I look forward to working with him as part of our senior management team as we expand our clean energy business." Scott McGregor, CEO, said.