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...

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.