Bought into this on a recommendation ages ago,never been upto much but a good increase today with some good news,,any thoughts??

Mark

Alkane Energy PLC
15 January 2004


For Immediate Release 15 January 2004

Alkane Energy plc
('Alkane' or 'the Company')

Analyst Visit and Trading Statement



Alkane Energy is today hosting an analyst visit to its recent acquisition, Pro2
Anlagentechnik GmbH ('Pro2'), in Dusseldorf, Germany.



The acquisition of a majority holding of Pro2 was completed at the Extraordinary
General Meeting on 18 September 2003. Pro2 provides electricity generation, gas
treatment equipment and support services for a variety of sectors, including
coal mine methane, landfill methane and biogas.



Alkane and Pro2 are also developing a number of coal mine methane projects in
Germany, taking advantage of the positive legislative framework, which
guarantees a fixed price for electricity which is more than twice that in the
UK.



Alkane will announce its preliminary results for the year ending 31 December
2003 on Wednesday 24 March 2004.



Commenting on trading, Executive Chairman, Cameron Davies said:



'The acquisition of Pro2 fulfils another part of our revised strategy announced
in March 2003. Pro2 has made a valuable contribution to the Alkane group since
the acquisition and we are delighted to announce that it is starting 2004 with
its strongest ever order book.'

Sounds good,i wonder i might come into profit soon!

Mark

Alkane Energy moved up slightly today,any more to come i wonder??

Mark

Again alkane up today quite a bit,,why???

Mark

Because it was tipped off by Investor's Chronicles issued 30/1/04.

amancs did Investor's Chronicles give a possible target price !!

Alkane sees early move into profits despite 19.7m charge
AFX
Recent acquisition Pro2 delivering but writedown badly hurts full year figures

Alkane Energy PLC said the acquisition of Pro2 in 2003 and thus entry into the European green energy market is proving to be a prudent decision and the group now anticipates an earlier move into profit.

Alkane's results for 2003 reflected the inclusion of Pro2 Anlagentechnik GmbH, with turnover jumping to 7.27 mln stg from 995,000 stg a year earlier and gross profit of 2.35 mln stg, up from 105,000 stg.

The write-down of assets during the year gave rise to an exceptional charge of 19.67 mln stg and the group's loss before tax was 20.7 mln, compared with a loss of 567,000 stg for 2002.

Its shares slumped 12.7% to 12p.