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...

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