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...

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.