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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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.