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...

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.

Wasabi Plans Africa Expansion on Growing Demand for Clean Energy

Wasabi Energy Ltd., a developer of clean-power technology, plans to sell shares in a new unit in Africa as rising demand across the continent lures finance from Asia.

“There seems to be a lot of funding that is wanting to go towards Africa,” Diane Bettess, chief operating officer of the Melbourne-based company, said by telephone. “Chinese companies have built themselves up and got massive penetration in China and now they’re looking for growth so they’re looking outside.”

Directors Dealings

Mr John Byrne related entities purchased 329,142 ordinary shares of the Company on market on 28 June 2013 at 0.6c per share.

Following the purchase of the shares, Mr John Byrne and his related entities now hold 351,731,620 ordinary shares representing 11.1% of the issued capital of the Company, along with 23,688,746 options exercisable at 0.8c each.

UPDATE ON WASABI NEW ENERGY ASIA AND ISSUE OF SHARES

The Directors of Wasabi Energy Limited (ASX: WAS, AIM: WAS, OTCQX: WSBLY), advise that the next instalment of RMB18 million (US$2.85m) has been paid by its subsidiary, Wasabi New Energy Asia (WNEA), for the purchase of Shanghai Shenghe New Energy Resources Science and Technology Limited (SSNE).

As previously announced in November 2012, Wasabi, through its subsidiary, Wasabi New Energy Asia Limited, agreed to purchase 50.5% of SSNE for approximately US$30 million. To date US$22 million has been paid (US$8.2 million in cash, and WNEA has issued 30 million shares at US50c each). The balance of RMB53 million (US$8.30m) is due before 30 November 2013. WNEA has appointed an international brokerage house in Hong Kong to complete a pre-IPO fundraising within this timeframe. It is planned to list WNEA on the Singapore stock exchange in the first half of 2014.

Wasabi granted an option for the vendors to take 31.25% of their WNEA share consideration in Wasabi shares at A1.8c per share (WNEA Option). The vendors have exercised this option and as a result the vendors have been issued 288,001,844 new Wasabi shares at A1.8c per share.

Following the exercise of the WNEA Option, Wasabi owns 40 million shares (66.67%) in the issued share capital in WNEA. In addition, Wasabi has provided loan funds of $5.6m to WNEA in order to facilitate a proportion of the above payments. This loan will be converted into additional shares in WNEA at the time of the IPO at US50c per share.

Wasabi New Energy Asia is being established to address the energy efficiency and renewable power needs of the Asian market. SSNE has been operating within the market in China since 2007 and has already completed a number of projects including the successful powering of the Shanghai Corporate Pavilion at the World EXPO held in Shanghai in 2010 with a Kalina Cycle® power plant using a solar thermal array as the heat source.

Quite strong over the past 5 days on good volume.