ateeq180
- 18 Jan 2005 21:26
Asia energy has been flying high recently,does any one think with the change of advisor,this will rocket.
RobinReeve
- 08 Mar 2005 11:39
- 2 of 77
Id say so ateeq180!
Beasties
- 09 Mar 2005 14:46
- 3 of 77
This one is just an unbelievable rocket ride.
And to think a few months ago I was cursing because I'd paid as much as 140p!!!
Oh to have had all my money in this.......
LOL
gavinwood
- 09 Mar 2005 16:28
- 4 of 77
Expect a bit of a tree shake, but don't even think of selling these ones - they have a hell of a way to go yet. I have a brokers note that values at 26 per share and that is based on VERY conservative coal prices. The news on these just gets better and better in terms of quality and quantity and on my more bullish calculations I reckon you can double that figure and I'm still being conservative. I'm amazed this thread has not been more active as this is a little gold mine. I was in nice and early after a tip off from someone who has done a hell of alot of research into these so I've got a big smile on my face, but there is still loads of upside.
paulgrip
- 09 Mar 2005 20:37
- 5 of 77
Which broker has the research note saying 26...thats fantastic!
gavinwood
- 10 Mar 2005 10:07
- 6 of 77
Cazenove is the broker. These shares are very tightly held with at least 85% in institutional hands. If big demand comes in from the States then the mms have no stock to sell them and we can expect a rapid run up again. Cazenove is talking about 26 a share in 2007 on very conservative assumptions (low prices for coal) and not accounting for the likely increase in reserves - it is expected that they will report an increase in likely reserves to 600M tonnes. (around 40% more.) which should give them another boost.
paulgrip
- 10 Mar 2005 10:41
- 7 of 77
gavinwood...tks very much for the info
Mibb
- 24 Mar 2005 14:15
- 8 of 77
An increase of over 600k shares by Goldman, and the majority of the selling volume this week..........
Asia Energy PLC
24 March 2005
Asia Energy plc ('the Company')
Notification of significant holding
Under sections 198 to 202 of the Companies Act 1985 and rule 15 of the AIM Rules
the following information falls to be disclosed:
The Company was notified on 24 March 2005 that The Goldman Sachs Group Inc and
its direct and indirect subsidiaries have an interest in 1,867,255 Ordinary
Shares of 10p each in the Company. This represents 4.87% of the issued share
capital of the Company.
24 March 2005
paulgrip
- 30 Mar 2005 19:13
- 9 of 77
Seems to be some very good support around the 700p mark...good day today...i think we go up from here! IMHO
gavinwood
- 30 Mar 2005 22:50
- 10 of 77
I understand Simon Cawkwell (aka Evil Knieval) "shorts" Asia Energy. I have had my fingers burned by him before - but I think he is wrong on this one. Very wrong.
paulgrip
- 31 Mar 2005 10:00
- 11 of 77
Evil (what a stupid name) can short the pullbacks if he likes...but there is only one direction asia energy is going in the long run and thats up!!!!
gavinwood
- 01 Apr 2005 11:38
- 12 of 77
1 April 2005 (Hope it is not a joke!!!)
Bangladesh Government gives Environmental Site Clearance to Asia Energy's
Phulbari Coal Project
Asia Energy PLC ('Asia Energy' or 'the Company') announced today that the
Government of Bangladesh had given its Phulbari Coal Project Environmental Site
Clearance.
The decision by the Department of Environment ('DOE') to endorse the Company's
plans for an open cast coal mine at Phulbari in north-west Bangladesh paves the
way for formal government approval of the scheme.
'Environmental Site Clearance is a major step towards starting a world class
open cast coal mining operation at Phulbari,' said Mr David Lenigas, Asia
Energy's Joint Managing Director. 'The fact that the DOE has given this
Environmental Site Clearance considerably ahead of schedule demonstrates the
commitment of the Government of Bangladesh to this very significant resource
project.'
The Department of the Environment issued its Environmental Site Clearance for
the Project after evaluating plans for the mine, including an 'Initial
Environmental Examination' prepared by its environmental consultants, SMEC
International Pty Ltd.
SMEC is currently working on a full Environmental Impact Assessment for the
Project which is due to be submitted to the Government in mid-2005.
paulgrip
- 01 Apr 2005 12:23
- 13 of 77
Great news...this one should take off again!!
paulgrip
- 06 Apr 2005 13:15
- 14 of 77
Moving up nicely again...over 8.
paulgrip
- 26 Apr 2005 18:58
- 15 of 77
Anyone think it rather strange that even with the big guys increasing their holdings (ABN Amro, Fidelity, Morgan stanley) the sp keeps on falling? Tree shake to weed out weak hands...whilst the banks pick up cheap shares? Any thoughts?
gavinwood
- 27 Apr 2005 08:19
- 16 of 77
I have heard they are looking at a placing at 570 per share - only thing I can think of.
gavinwood
- 29 Apr 2005 13:27
- 17 of 77
gavinwood
- 27 May 2005 09:34
- 18 of 77
UK smallcap opening - Asia Energy up on Bangladesh coal field prospects
AFX
LONDON (AFX) - Solid support was seen for Asia Energy, 16 pence higher at 565, amid City whispers that the company is about to announce that its huge coal field in Bangladesh is over 20 pct bigger than previously thought.
ptholden
- 27 May 2005 13:26
- 19 of 77
Whispers confirmed
Actually 41% bigger, anyone else in this?
Asia Energy PLC
27 May 2005
Asia Energy plc ('Asia Energy' or 'the Company')
Asia Energy's Phulbari Coal Resource increases by 41% to 522 million tonnes,
according to JORC Standards
Asia Energy announced today that its coal resource at Phulbari in northwest
Bangladesh had increased to 522 million tonnes to JORC Standards, 41% higher
than previous estimates. The previous JORC compliant coal resource was stated at
370 million tonnes in the Company's admission document in March 2004.
The updated total, released in a Resource Statement produced by coal geology
specialist, Mr Frans Bos of Melbourne-based independent consultancy GHD Pty Ltd,
was determined in accordance with Australia's Joint Ore Reserve Committee (JORC)
Code, which is an internationally accepted standard of resource definition.
The Statement said exploration drilling of the basin had established that the
Phulbari resource now stands at 306 million tonnes Measured, with a further 72
million tonnes Indicated and 144 million tonnes Inferred.
The Company said sufficient drilling has been done to have most of the Inferred
coal tonnage upgraded to the Measured and Indicated categories, once the last
batch of coal test results are analysed.
This is expected to bring the Measured and Indicated Resources to some 500
million tonnes within the next few weeks, the Company said.
'This is a highly positive resource statement and a major milestone for mine
development at Phulbari,' said Asia Energy's Joint Managing Director David
Lenigas. 'Drilling is continuing in the south where the coal deposit remains
open, and we confidently expect to find more high quality coal in this area.'
Up just under 10% and probably much further to go on this sort of news.
PTH
gavinwood
- 27 May 2005 13:30
- 20 of 77
Yep - and I've got a great big smile on my face. Also found out this morning EK closed his short on these and went long - lucky sod, I'd hoped he'd get his fingers burnt. Can't see much holding these back now.
jimmy b
- 27 May 2005 13:40
- 21 of 77
Erratic price movements though, you dont know if its going up or down.JB.
ptholden
- 27 May 2005 13:50
- 22 of 77
Jimmy
I'm sure it will settle down, was up 80 points just after the release of the news. Was very tempted to offload, but made a stupid mistake with Cairn Energy when they announced their big finds. SP shot up, started to come down on profit taking, I stampeded myself into selling and watched the SP triple over the next few months. I imagine this will make the papers over the weekend / bank holiday and give everyone else chance to dive back in next week. SO, I'm happy to hold, no matter what happens today.
PTH
gavinwood
- 27 May 2005 13:54
- 23 of 77
Hold on to them - these are still dominated by institutions who don't seem to be able to react quickly (although Fidelity have gone straight in and topped up) price movements in the past have had a day or so delay.
jimmy b
- 27 May 2005 13:56
- 24 of 77
PT ive watched this before and sort of forgot about it, but looking at it now i'd like to get back in seeing as it was about 900p the other day, have you held this for some time ?
ptholden
- 27 May 2005 14:23
- 25 of 77
Jimmy
About 5 hours!!!!!!!
Opened a position this morning based on the rumours!!
PTH
jimmy b
- 27 May 2005 14:37
- 26 of 77
I may do the same , i'm watching,, this one swings so much it could give you a heart attack, looks stable now .Cheers .JB
ptholden
- 27 May 2005 14:38
- 27 of 77
gavin
Sorry, didn't notice your post, thanks for the advice.
PTH
charlielincs
- 30 May 2005 17:25
- 28 of 77
Market forces
--------------------------------------------------------------------------------
Coal upgrade fuels Asia Energy
Neil Hume
Friday May 27, 2005
The Guardian
Some serious money has been blown in resource stocks of late. In the past month or so hundreds of millions of pounds has been lost as sentiment has turned against the sector in the wake of high-profile disasters like Regal Petroleum.
However, in the next few days there is likely to be some good news from Asia Energy, one of the biggest and better quality exploration companies listed on the junior Aim market. Informed City sources believe it is about to announce that its huge coal field in Bangladesh is over 20% bigger than previously thought.
Article continues
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Earlier this month, the company said it had extended its drilling programme because coal had been found over an additional 3.5 kilometres to the north and south of the original basin limits. The deposit, called Phulbari and situated close to the Indian border in north-west Bangladesh, is estimated to contain over 400m tonnes of high grade coal.
The resource upgrade is likely to spark speculation of a bid for Asia Energy and traders believe Xstrata , the FTSE 100 mining group, up 24p to 982p, has already cast an eye over the company.
Asia Energy, which peaked at 900p in March, closed 19p higher at 549p, while Cambrian Mining, which owns 27% of the company, gained 5.5p to finish at 126.5p
************
The resource upgrade is likely to spark speculation of a bid for Asia Energy and traders believe Xstrata , the FTSE 100 mining group, up 24p to 982p, has already cast an eye over the company.
************
Look at shorters burning their cash in WNL, would you still short AEN?
AEN is going to rocket up!
ptholden
- 30 May 2005 22:08
- 29 of 77
Interesting post Charlie, took out a position on Friday based on the rumours of a bigger coal find. Would expect to see a significant rise this week once the news has had time to settle in. Pity EK apparently closed his position prior to the RNS!!
ptholden
- 31 May 2005 15:44
- 30 of 77
Thought this might have made some good gains today. Can't believe that the recent news and takeover speculation / rumour will not have a positive effect on the SP???
ptholden
- 31 May 2005 15:44
- 31 of 77
Thought this might have made some good gains today. Can't believe that the recent news and takeover speculation / rumour will not have a positive effect on the SP???
jimmy b
- 31 May 2005 15:46
- 32 of 77
Same here pt, more buys and it goes down, and whats that 1 share sold, goes down again , surely it has to go up this week.
ptholden
- 31 May 2005 15:57
- 33 of 77
jimmy
This small transaction business of 1 or 2 shares is supposed to be some sort of tic-tac between the MMS, it would be nice to be able to confirm that one way or another. The MMs don't seem to be particularly short of stock, so it might take a bit of volume buying to get it on the move again. Interesting previous post, insomuch that the Institutions can take their time to move into this share. I shall certainly hang on for now and watch developments.
pth
jimmy b
- 31 May 2005 16:08
- 34 of 77
I still feel this will rise pth' like you say we need some volume and its been a bit quiet today..JB..
gavinwood
- 01 Jun 2005 11:46
- 35 of 77
Rumours of a takeover by Tata on ADVFN and Michael Walters BB's
jimmy b
- 01 Jun 2005 11:52
- 36 of 77
gavinwood , why the drop in the sp this morning ??any thoughts..
gavinwood
- 01 Jun 2005 13:10
- 37 of 77
Poor show on the Dow, generally markets flat, but no real reason.
pumben
- 04 Jun 2005 23:21
- 38 of 77
I see that the buy volumes for the last two days has been less than 100K but the sells have been 500K +. I would have expected this share to hold if not rise with the increase in the size of coal field ? Is this share heading south for a while until some further news ?. If there is some news what might it be ?
pumben
- 10 Jun 2005 23:02
- 39 of 77
Anyone with any thoughts ? Have we reached the bottom ? Still holding but it's getting a bit of a worry !
jimmy b
- 14 Jun 2005 09:31
- 40 of 77
Looks like this may be the turn around.
ptholden
- 14 Jun 2005 09:47
- 41 of 77
unfortunately, got stopped out for a loss on this one. Hard to believe that after a report that the field is 41% bigger than originally thought, the SP tanks 100pts! Feel a little bruised, particularly as I was sitting on a nice tidy profit when the news came out. Hopefully, this does indeed mark the turn around.
pth
jimmy b
- 14 Jun 2005 09:58
- 42 of 77
Pt, i also got stopped out,,knowing how volatile this one can be , but may go back in at some point.
gavinwood
- 14 Jun 2005 10:02
- 43 of 77
Nearly sold myself yesterday despite complete faith in these long term, the drift on the price was a worry, but I have learned that the moment I sell is probably the best buy signal in there is!! I think it may be market maker games, dropping the price to scare people into selling in order to get stock for a large order - expect another institutional buy announced any day soon - but hopefully these will spring back sharply now.
jimmy b
- 14 Jun 2005 10:04
- 44 of 77
Thanks gavin , let me know when you sell anything in future, and ill do the same for you, it happens to me too..Cheers JB..
Peter123
- 21 Oct 2005 16:32
- 45 of 77
Anyone still holding this share?
TANKER
- 26 Oct 2005 10:02
- 46 of 77
buy
gavinwood
- 26 Oct 2005 10:56
- 47 of 77
Got to agree Tanker - I'm still in these - its a long term share and at this price I think they are a screaming buy - the RSI is well below 20 and last time it dipped that low the shares rose 58% in no time. If I had any spare cash I'd get some more.
TANKER
- 26 Oct 2005 11:01
- 48 of 77
you do no that there will be a bid .
gavinwood
- 26 Oct 2005 11:05
- 49 of 77
I've heard rumours of Tata for ages, but no more than rumours
proptrade
- 01 Nov 2005 11:46
- 50 of 77
one of those stocks with ENOURMOUS potetial bust cashflow a bit of a way off...i would add on weakness here but is a 2-3 year hold...
rgds
PT
jimbobGR
- 01 Nov 2005 11:52
- 51 of 77
Take a look at EKA Eureka mining thread. If I am right and if market conditions hold it could make Asia Energy's gains look small
Confidant
- 09 Dec 2005 10:06
- 52 of 77
AEN could be finding a base
Some recent put back in start times for the mine will dent NPV calculations quite a bit but still ovr 100% above current share price using 10% disc rate
Managed to get some institutes to pay 450p a share last week for more stock
Also note they do pay CBM $1/tonne royalty. By the way calculated on 570m tonne mine, using 15m tonnes mined a year and a disc rate of 10% this royalty is worth to CBM more than its current market cap !!!! CBM is trading at a disc of c20% to its listed assets. It has unlisted assets and the royalty too !!
Talking my own book as usual
smiler o
- 31 Aug 2006 10:40
- 53 of 77
A sad day, A big drop !! what Happens next ?
hlyeo98
- 31 Aug 2006 12:48
- 54 of 77
AEN has been suspended at a miserable low of 118p today...bye-bye Bangladesh!
Bangladesh bows to protestors, cancels Asia Energy's 1.4 bln usd mine plan
AFX
LONDON (AFX) - The Bangladesh government said it had bowed to demands from protestors to cancel a 1.4 bln usd plan by London-based Asia Energy PLC to build an open-pit coal mine.
'We have agreed to all the demands (of the protestors),' Asadul Habib Dulu, junior minister for food and relief, told AFP after almost a week of demonstrations against the project.
'The first demand was that the government will have to cancel all its existing agreements with Asia Energy and we have agreed to that,' said Dulu, who led the government side in talks with protestors at Phulbari in northern Bangladesh late yesterday.
'The second demand was that there will be no open-pit mining at Phulbari or elsewhere in the country,' he added.
Plans to construct the mine, 350 kilometres north of Dhaka, stirred huge protests by farmers and locals who said it would damage the environment and displace more than 100,000 people.
The protests intensified and spread to the capital on Saturday after at least five people were killed when paramilitary forces allegedly fired into a crowd of thousands as they tried to storm Asia Energy's offices in Phulbari.
A police officer was also killed in protests in Dhaka on Wednesday.
Asia Energy has said that 40,000 people would be displaced over three decades and those affected would be compensated.
The company said today it had no comment on the government's statement.
hlyeo98
- 31 Aug 2006 12:50
- 55 of 77
smiler o
- 31 Aug 2006 17:58
- 56 of 77
will Asia Energy be able to salvage an agreement ? OR is this good by ! I hope not but only time will give the ans
smiler o
- 04 Sep 2006 12:28
- 58 of 77
Soul T
Got it many thanks, theres always AAU?? Good luck !
smiler o
- 06 Oct 2006 07:56
- 59 of 77
Aen back from suspension !! :)
smiler o
- 06 Oct 2006 09:38
- 60 of 77
up 17% at 0930, good start :)
smiler o
- 12 Oct 2006 20:06
- 61 of 77
06.10.06
Asia Energy PLC (the Company) has today requested that trading in its shares is resumed on the AIM market.
On suspension of trading on AIM on 31 August 2006, the Company announced that it was seeking to clarify the press reports relating to the development of the Phulbari Coal Project (Project).
The Company has received no notification from the Government of Bangladesh of any changes to the terms of the Companys contract and the Directors do not believe that there are any grounds for the contract to be terminated.
Progressing to the next stage of the Project remains conditional on the adoption of the Government's proposed new Coal Policy and the Government granting approval of the Scheme of Development for the Project.
smiler o
- 16 Oct 2006 08:38
- 62 of 77
By UNB, Dhaka
Sun, 15 Oct 2006, 11:51:00
Email this article
Printer friendly page
Access News Photos
Energy Ministry Advisor Mahmudur Rahman Sunday admitted that he had failed to convince the policymakers to take a bold stand on the Phulbaril coal-mine project.
I admit, this was my failure to convince the government but media also should share the blame, he said while addressing a Meet-the-Press programme at Dhaka Reporters Unity. The Forum for Energy Reporters, Bangladesh (FERB) organised the programme on five years of energy sector under this government.
Mahmud said the group, which is opposing the coal mine project at Phulbari, has more influence on the media and the government. He said the next government has to take a bold step on the Phulbari project and declare a coal policy already drafted by the countrys experts.
The Energy Ministry Advisor said the next elected government should take a policy to encourage setting up of coal-based power plants instead of the present gas-based ones.
He said his main success in his 14-month tenure in the Energy Ministry was reducing corruption and irregularities in the ministry and its sub-ordinate bodies.
FERB Chairman Mollah Amzad and Executive Director Mahmud Hafiz were present at the function.
Copyright 2003 by The New Nation
smiler o
- 25 Oct 2006 21:36
- 63 of 77
smiler o
- 26 Oct 2006 11:46
- 64 of 77
Asia Energy PLC
26 October 2006
Asia Energy plc ('the Company')
Notification of significant holding
Under sections 198 to 202 of the Companies Act 1985 (the 'Act') and rule 15 of
the AIM Rules the following information falls to be disclosed:
The Company was notified on 25 October 2006 that Liberty Square Asset Management
acquired an interest in the shares of the Company resulting in a total holding
of 2,008,500 Ordinary Shares of 10p each in the Company. This represents 4.12%
of the issued share capital of the Company.
26 October 2006
smiler o
- 27 Oct 2006 18:41
- 65 of 77
Off Interest
Bangladesh protests mount ahead of election
By Anis Ahmed
DHAKA (Reuters) - Bangladesh's prime minister, preparing to hand over power to an interim administration ahead of elections, called for maintaining peace, as thousands of rival political activists clashed in the capital on Friday.
The main opposition Awami League has strongly opposed Prime Minister Begun Khaleda Zia's plan to install a former supreme court chief justice as the head of the caretaker government, citing his past opposition with her party.
At least 50 people were injured in clashes between members of the Awami League and the ruling group in Dhaka, police said.
Several vehicles were set on fire by Awami League supporters who have vowed to paralyse the country if the government went ahead with its choice of K.M. Hasan as interim head to supervise the election in January.
"I urge all including opposition parties to maintain peace during the tenure of the caretaker government to ensure holding of a peaceful and credible election," Khaleda said in a farewell address to the nation at the end of her five-year rule.
Khaleda, who is seeking a third term, defended her track record, citing economic growth and success in tackling Islamist militants.
Khaleda, the wife of assassinated President Ziaur Rahman, is expected to hand over power on Saturday.
She blamed the opposition for the row over the caretaker administration and accused the parties of trying to disrupt the country's development.
"Five years in office, we have seen increasing foreign investment that testifies the country's growing image across the world," she said.
PROTESTS
The 14-party opposition alliance led by Awami chief Sheikh Hasina has said it would cripple much of the country, including Dhaka and the port city of Chittagong from Saturday if Hasan takes over as caretaker.
"No election without electoral reform," chanted opposition activists during demonstrations on Friday, armed with sticks and carrying replicas of the party symbol of boat.
Elections in Bangladesh have in the past been marred by violence and charges of rigging and intimidation.
The opposition urged President Iajuddin Ahmed not to swear in Hasan as caretaker chief "to save the country from a violent people's outburst."
But the ruling party dismissed the opposition threat and said the people of Bangladesh would defeat their attempts to destabilise the country.
"BNP is ready to tackle the opposition with its massive public support," Abdul Mannan Bhuiyan, secretary-general of BNP told a separate rally of party supporters in the capital.
At least 100 people were injured in clashes between rival political activists in Dhaka on Thursday, police and witnesses said.
Authorities deployed extra police and the elite Rapid Action Battalion to ensure a smooth transition as the two main political parties ordered their supporters to take to the streets in a show of strength.
(Additional reporting by Nizam Ahmed)
smiler o
- 29 Oct 2006 16:23
- 66 of 77
The president of Bangladesh has been sworn in as chief of a caretaker government that will oversee general elections in January 2007, according to an official.
Mohammed Mohaddes, chief officer at the government's press department told AFP: "The president is becoming the caretaker chief."
Officials said that the president's swearing in had put to rest a long-running controversy over who should lead the caretaker authority, that would supervise the election in January 2007.
The decision came just hours after Iajuddin Ahmed, the Bangladeshi president, held emergency meetings with the country's four main parties in an effort to find a consensus on a candidate to head the interim government.
The outgoing Bangladesh Nationalist Party (BNP) and the main opposition Awami League and its allies failed to agree on a candidate
hlyeo98
- 29 Oct 2006 23:11
- 67 of 77
smiler o
- 08 Nov 2006 18:53
- 68 of 77
smiler o
- 09 Nov 2006 19:00
- 69 of 77
smiler o
- 23 Nov 2006 08:46
- 70 of 77
Asia Energy PLC
23 November 2006
ASIA ENERGY PLC (AIM: AEN)
PRELIMINARY ANNOUNCEMENT OF THE RESULTS
FOR THE YEAR ENDED 30 JUNE 2006
The year was undoubtedly marred by the tragic events of 26 August 2006 and the
development of the Phulbari Coal Project being delayed by the Government's
failure to approve its proposed new Coal Policy and the Scheme of Development.
Despite these setbacks, solid achievements were made.
The key events and milestones impacting ASIA ENERGY PLC and its' Phulbari Coal
prospect for the last year and to date can be summarised as follows:
572 million tonne high quality Coal Resource defined to JORC code with
93% Measured and Indicated
Environmental Clearance for open pit mine approved by Government of
Bangladesh in September 2005 (application for renewal lodged September
2006)
Feasibility Study and Scheme of Development lodged with the Government
of Bangladesh in October 2005
Power station proposal lodged with the Government of Bangladesh in
October 2005
US$52 million raised in November 2005 for initial development
activities
Definitive Feasibility Study completed May 2006
Protests organised by groups external to Phulbari against open pit
mining and resettlement occurred on 26 August 2006 in Phulbari
Shares suspended from trading 31 August 2006 - 6 October 2006
Loss for the year ended 30 June 2006 520,000
Cash held at 30 June 2006 was 28 million, and at 31 October 2006 was
26 million.
Scheme of Development approval remains outstanding
The Annual General Meeting is scheduled to be held on 10 January, 2007. The
notice to shareholders, Annual Report and full financial statements will be
forwarded in due course.
Also attached below are the Profit and Loss, Balance Sheet and Cashflow audited
by E&Y.
For further information:
Stephen Bywater, Chief Executive Justine Howarth, Cathy Malins
steve.bywater@asia-energy.com
Parkgreen Communications
Graham Taggart, Finance Director Tel: +44 (0) 20 7493 3713
graham.taggart@asia-energy.com
Justine.howarth@parkgreenmedia.com
cathy.malins@parkgreenmedia.com
Asia Energy PLC
Tel: +44 (0) 20 7 290 1630, Fax: +44 (0) 20 7290 1631
info@asia-energy.com;
smiler o
- 30 Nov 2006 18:05
- 71 of 77
30/11/1006
Thousands in protest to oust Bangladesh president
Agencies
Dhaka: Thousands of political activists surrounded the presidential palace in the Bangladeshi capital on Thursday, demanding the president quit his post after failing to remove controversial election officials.
After weeks of protests, Awami League supporters turned their anger against President Iajuddin Ahmed, saying he had failed to act impartially.
Chief of the Dhaka unit of Awami League, Mufazzal Hossain Maya, said "The president must step down as chief of the caretaker government as his actions are designed to appease Khaleda Zia and not to ensure a free election."
Begum Khaleda Zia ended her five-year term as prime minister in October and Iajuddin took over as head of a caretaker administration charged with organising the elections.
The Awami League accuses election officials of trying to rig voter lists to help Khaleda and her Bangladesh Nationalist Party (BNP) in the January 21 election, a charge which Abdur Rashid Sarkar, secretary of the election commission, denies.
The alliance said it will enforce a countrywide transport blockade from Sunday, the third in the past two weeks, if its demands are not met. At least 40 people were killed in previous demonstrations
smiler o
- 05 Dec 2006 16:54
- 72 of 77
Asia Energy PLC
04 December 2006
Asia Energy plc ('the Company')
Notification of significant holding
Under sections 198 to 202 of the Companies Act 1985 (the 'Act') and rule 15 of
the AIM Rules the following information falls to be disclosed:
The Company was notified on 01 December 2006 that Barclays PLC acquired an
interest in the shares of the Company resulting in a total holding of 2,106,700
Ordinary Shares of 10p each in the Company. This represents 4.32% of the issued
share capital of the Company.
04 December 2006
smiler o
- 14 Dec 2006 15:29
- 73 of 77
Asia Energy PLC
14 December 2006
Asia Energy Plc (the 'Company')
Annual Report & Accounts for the year ended 30 June 2006
The Company has posted accounts for the year ended 30 June 2006 to shareholders.
Copies of the accounts will be available until 22 December 2006 at the
registered offices of the Company, Level 2, Foxglove House, 166 - 168 Piccadilly
W1J 9EF or alternatively on the Company's website:
www.asia-energy.com
smiler o
- 21 Dec 2006 08:23
- 74 of 77
Asia Energy PLC
21 December 2006
PRESS RELEASE
21 December 2006
Asia Energy plc acquires 15% of current share capital of GVM Metals Limited
For immediate release: Asia Energy Plc ('Asia Energy' or 'the Company') (AIM:
AEN) announces it has acquired 12,200,000 new ordinary shares in GVM Metals
Limited ('GVM'), a South African mineral processing and coal mining company, by
way of a subscription at 20 pence per share, for a total cost of 2,440,000. The
Board of GVM has invited Steve Bywater to become Non-Executive Deputy Chairman
and Graham Taggart to be a Non-Executive Director. Following the subscription,
Asia Energy will own 13% of the enlarged share capital of GVM.
The investment provides the Company with a meaningful stake in the South African
coal sector and the opportunity to assist development of an underground coal
mine (Holfontein project) and two open-cut coal mines (Limpopo and Baobab
projects) in South Africa. The Holfontein project is located in the Witbank coal
fields and the Baobab and Limpopo projects are located in the Limpopo province.
Based on previous work undertaken by Utah Mining, Kumba and others the total
coal resources controlled by GVM are considered to approach 2 billion tonnes.
GVM's primary listing is on the Australian Stock Exchange (ASX) with secondary
listings on London's Alternative Investment Market (AIM) and the Johannesburg
Stock Exchange (JSE).
As a result of two recently announced transactions, GVM will hold on
satisfaction of all conditions precedent a 100% interest in both the Baobab and
Holfontein coal projects.
On 22 August 2006, GVM announced the acquisition from Motjoli Resources
(Proprietary) Limited ('Motjoli') of its 51% shareholding in the Holfontein
Project, its 50% interest in the Baobab Project, and its 100% interest in three
prospecting licences adjacent to the Baobab properties.
Yesterday GVM announced it had reached agreement with Petmin Limited ('Petmin')
for GVM to acquire Petmin's effective 50% interest in Baobab for GBP 2.5
million.
GVM plans to bring the Holfontein mine into production in the first half of
2008. A bankable feasibility study on the Limpopo and Baobab Projects is
expected to be completed by December 2007 with coal production expected in the
first half of 2009. All GVM's mining and prospecting interests are held as New
Order rights.
As a result of the Motjoli transaction GVM will qualify as black empowered under
the relevant South African legislation.
GVM also holds 100% of NiMag (Proprietary) Limited ('Nimag'), an alloy and fibre
manufacturer based in Magaliesburg near Johannesburg in South Africa. Nimag
supplies approximately 40% of world demand for nickel magnesium ferro-alloys.
Further details of the above transactions and description of the assets are
available on GVM's website (
www.gvm.com.au
).
Steve Bywater Chief Executive of the Company said: 'This is an exciting
opportunity for Asia Energy as it looks to expand its portfolio of investments
in coal on a global basis. This transaction provides a platform for the Company
to be involved in new and developing coal projects with GVM, who have a strong
management team. The Company remains, however, fully committed to its Phulbari
Coal Project in Bangladesh and we will update the market on its status as soon
as we are able.'
Simon Farrell, Managing director of GVM said: 'We are delighted to work with
Asia Energy bringing our diverse coal interests into production. Steve Bywater
brings enormous experience in operating world class coal and iron ore mines and
I look forward to his help in what is going to be a very exciting and
challenging period of the company's growth'.
For Further Information:
Steve Bywater Cathy Malins or Annabel Leather
Chief Executive Parkgreen Communications
Ph: +44 (0)207 290 1630 Ph: +44 (0)207 851 7480
Graham Taggart
Finance Director
Ph: +44 (0)207 290 1630
Notes to editors:
Asia Energy:
Asia Energy plc is a London based company quoted on the London Stock Exchange's
Alternative Investment Market (AIM). The Company's primary activity is the
development of the Phulbari Coal Project in Northwest Bangladesh into a world
class open pit mine, adhering to the highest national and international
environmental and social standards. The mine will have a life of more than 30
years and at full capacity will produce 15 million tonnes a year of mostly
export quality metallurgical and thermal coal. Its objective is to start mining
activity upon Government of Bangladesh approval following the Government
election in January 2007.
For further information on the Company:
www.asia-energy.com
GVM Metals:
GVM Metals Limited listed on the Australian Stock Exchange in April 1980 and was
primarily focused on minerals exploration in Western Australia and Indonesia.
Through a series of strategic investments, GVM moved its focus to a metals
processing and coal processing company predominantly targeting South Africa. The
company successfully listed on Aim in 2005 and also on the Johannesburg Stock
Exchange in November 2006.
For further information on the Company:
www.gvm.com.au
smiler o
- 29 Dec 2006 12:10
- 75 of 77
up 10 % ???? could be a good new year !
ajcc
- 04 Jan 2007 18:06
- 76 of 77
it will be Smiler o if the company get phulbari back!!!!!!!!!!!!
smiler o
- 11 Jan 2007 11:45
- 77 of 77
Asia Energy PLC
11 January 2007
Asia Energy PLC ('the Company')
Name change
At the annual general meeting of Asia Energy PLC, the special resolution for a
name change to Global Coal Management Plc was duly passed.
The change in name better reflects the Company's strategy of expanding its'
portfolio of coal investments on a global basis, whilst continuing to remain
fully committed to the Phulbari Coal Project in Bangladesh.
11 January 2007