Oil prices rising, hurricanes stopping oil production, good alternative energy source (probably long term), fundamentals look good (if I have read my balance sheets correctly). Maybe has some potential? What do you think peeps?

P

have not seen anything else than the high energy price. Guess the mine explosions this year in China did not help.
Elections in Germany expected to be held in September. following that the new Government is likely to prolong use of nuclear power plants, but will also have to take a critical look at subsidies given to solar panels. according to Solarworld AG on the FAQ site, there is the question if you should use the electricity your panel produces. they say no, as you can sell the electricity to the grid at 0.5ct and buy it back at 0.15 - 0.2ct.
While this is giving incentives to install the systems, it is not sustainable. Germans will have to find also other ways to subsidise alternative Energy.
This does not automatically lead to higher payment in Biogas (CMM) but any change makes the Pro2 more competitive.
continue to hold on to them.

Alkane Energy PLC

22 June 2005 For immediate release


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

UPDATE ON UK ELECTRICITY GENERATION OPERATIONS

Alkane Energy, the rapidly expanding international renewable energy company, is
pleased to announce that it has completed connection of two electricity
generation plants, fuelled by methane captured from abandoned coal mines.

In its AGM statement dated 11 May 2005, Alkane announced that coal mine methane
(CMM) generation projects at two sites in the UK were complete and awaiting
connection to the electricity supply grid. The Company is pleased to confirm
that these two sites are now connected and are successfully producing
electricity as planned. The two sites, at Bevercotes and Markham in
Nottinghamshire, have a combined generating capacity of 5.4MW.

In addition, excellent progress is being made on two more CMM plants at
Whitwell, Derbyshire, and Mansfield Woodhouse, Nottinghamshire. These will
contribute another 2.7MW of generating capacity and are expected to be
operational by Autumn 2005.

Alkane's CMM plants in the UK are expected to capture approximately 22,000
tonnes of methane in 2005, equal to carbon dioxide savings of around 500,000
tonnes. This is equivalent to the carbon dioxide that would be saved by
building around 285 one megawatt wind turbines.

Commenting on the UK electricity generation business, Dr Cameron Davies, Chief
Executive, said:

'Climate Change Levy exemption benefits coupled with high electricity prices in
the UK have significantly improved the economics of our coal mine methane
operations and the successful completion of our plants at Bevercotes and Markham
represents a major step forward in our electricity generation business. The new
UK projects complement our operations in continental Europe where we generate
renewable electricity, manufacture climate change mitigation systems and supply
high value added services in the methane-to-electricity market.'


Enquiries:

Alkane Energy plc Buchanan Communications

Dr Cameron Davies, Chief Executive Eric Burns, Account Director
Tel: 01623 827927 Tel: 01943 883990