Edenville Energy PLC is the holding company of a mineral exploration and development group focusing on energy commodity opportunities in Africa. The Group is led by a management team who have international experience of energy minerals and mining in emerging markets worldwide. The Group's objective is to undertake mineral exploration of its portfolio of assets and ultimately to increase the value of its assets through the development of these resources and where appropriate, commence production of these economically feasible assets.

The Group's strategy will focus on working with local partners who will be actively engaged in the process of exploration. The Directors will utilise both internal and external expertise to develop the mineral assets while maintaining a disciplined asset and cost base.

Edenville Energy�s southern projects lie at the crossroads of the Mtwara Development Corridor Program, a regional development initiative involving areas of four co-sponsoring countries (Malawi, Mozambique, Zambia and Tanzania), that are or can easily be served by the Indian Ocean port of Mtwara.

The program includes the development and rehabilitation of roads, lake ports, pipelines, and air transport facilities, many of them with private sector participation.

Edenville Energy PLC

The company has recently commenced a 1,000 metre drilling programme to gain a better understanding of the sub surface geology at its Rukwa Coalfields site in Southern Tanzania.

The drilling will take approximately three weeks to finish before any results are revealed.

Results are due any time if the field is as large as the rumours suggesting then the SP will rise significantly but could also go the other way if poor results. One to keep an eye on

Edenville Energy (LON:EDL, 1.63p, ▲ 6.56%) announced that it has signed a Letter of Intent to acquire an interest in a coalfield project in southern Tanzania. The company has signed a Letter of Intent to enter into an agreement with a private Tanzanian registered company, whereby Edenville intends to acquire a 50.1% interest, with a proposed increase to 70%, in a project which covers an area of approximately 33km2, and contains known proven reserves of 49Mt of coal (data provided by vendor). Edenville would increase its interest to 70% by committing to an exploration spend on the project of US$075M. The consideration cost will be a cash payment of US$2.2M, based on an entry payment of US$1M with four additional quarterly payments of US$0.3M, and a payment of US$3M in new ordinary shares in the company.

Lots of buys today 91 mill v 2 mill so watching with Interest .

150 mill sell thats why its been sitting there.

21 mill @ .98p a buy or a sell?

Best left when such a big seller...

Not much talk on this company lately ??

1 billion share dilution @ .25 making a huge 4.4+ billion in circulation - no thanks

Fox Davies Views from the Trading Floor

http://minesite.com/media/pub/var/release_downloadable_file/35566.pdf

Edenville Energy (LON:EDL) dropped 20% during trading to trade at 0.30p after the African energy
focused exploration and development company, said Tuesday it has placed 1 billion new ordinary
shares at 0.25 pence per share to raise GBP2.5 million. Placing proceeds will fund the proposed
2012 drill program at the Company's Rukwa coal project in southern Tanzania. Rukwa project is
planned to evaluate coal mineralization along strike from the area drilled in 2011 and also to test
the down-dip depth extension of the intersections reported last year. It is anticipated that further
test work at Rukwa during 2012 will allow a development decision to be made. Proceeds will also
fund further exploration and development of the Company's portfolio of earlier stage coal assets in
southern Tanzania during the coming year. I guess the line in the sand has been drawn at 0.25p
here, and that should act as major support, and the previous support at 0.35p, will be the first line
of resistance.

markymar what do you make of the rumours that edenville are going to delist ?

according to a recent article in a aussie trade mag they said a private equity group
intend to gain control and de-list edenville in the near future,im not too clued up on
EDL but its obvious the directors here have failed miserably ( shares in issue are now
horrific from a shareholders viewpoint ) and there seems no prospect of asset value
being realised under current structure.

Avoid !

ignore the last 2 posts they are total rubbish - wron company

Agreat set of results

10th January 2013



Edenville Energy

("Edenville" or the "Company")



Positive Drill Results from Muze Deposit,

Rukwa Coal Project, Tanzania



Evaluation of small scale mining potential at Namwele



Edenville Energy plc (AIM:EDL), the coal focused African energy exploration and development company, today announces receipt of the diamond drill core float and sink assay results from drillholes MZ12-01, -02, -03 and -04 and -05; collared and drilled at the Muze Deposit on the Rukwa Coalfield project in south western Tanzania in the latter part of the 2012 drill season. Muze is located 10km northeast of Mkomolo.



Highlights:

· The Company's maiden drilling programme at Muze confirms coal with similar characteristics to that defined in the Mkomolo JORC compliant resource of 39 million tonnes sub-bituminous thermal coal

· Coal measures intersected outside of the identified JORC resource block; these will add to the overall project resource

· Preliminary draft of Environmental Impact Assessment ("EIA") for Namwele/Mkomolo pending comments from Tanzania's National Environment Management Council

· Evaluation of small scale mining potential at Namwele to be undertaken with external consultants with a view to generating near-term revenues



Float and sink analysis results have been received for all the Muze drillholes completed during the first phase drill programme at the end of 2012 (MZ12-01, MZ12-02, MZ12-03, MZ12-04 and MZ12-05). All drill holes are located within the known outline of the Muze deposit with holes covering a strike length of 1,100m. Muze lies outside of the area defining the April 2012 resource statement.



These results have confirmed both thermal coal grades and the continuity of coal measures within the area. Coal measures intersected vary from 10 to 36m in thickness, with strong upside potential for the Muze resource to increase significantly, as future step-out drilling into the deeper interpreted portion of the basin is completed.



In terms of corporate strategy, the Company is also in the process of evaluating the small scale mining potential at Namwele, located 4km to the south east of Mkomolo. This will potentially provide near-term cash flow generation and a greater level of technical information on the deposit. Initial discussions held in Tanzania have indicated a local market exists for Edenville's thermal coal. Small scale mining has taken place at Namwele previously, with the coal being sold as lump-coal to end users in Mbeya, an industrial centre located some 330km by road. The major arterial roads in this part of Tanzania are in the process of being tarred (financed through the Millennium Fund) which is expected to have a positive impact on Edenville's costs.



An update on the EIA has been received from our consultants in Tanzania. The preliminary draft of the EIA Report for the Mkomolo/Namwele Project portion of the Rukwa Coalfield was submitted to the National Environment Management Council (NEMC) on 29th September 2012. The comments from NEMC are pending. Once this has been received and any comments addressed, the process will continue with the Environmental Certificate being included into the Feasibility Study being conducted by the consultants.



Simon Rollason, Chairman of Edenville, commented today: "I am pleased to announce these very encouraging initial results from Muze. The results will have a positive impact on the resource statement when it is updated and emphasise the highly prospective nature of the project. Our intention in 2013, alongside the continued drilling at Muze, is to evaluate the feasibility of initiating small scale mining of the Namwele deposit; this has the potential of generating near-term revenues.



Additionally, discussions continue with a number of parties who have shown interest in partnering with Edenville to build a mine-mouth power station on the project, utilising the Mkomolo and Muze coal via an off-take agreement. Our previously stated objective of increasing the confidence in the quantity and quality of Edenville's existing resource at the Rukwa coal project remains firmly in place."



Coal Quality and Resource Testing



Float & sink analysis from holes MZ12-01, MZ12-02, MZ12-03, MZ12-04 and MZ12 cored during the 2012 drill programme has now been received from the Alfred H Knight Laboratory, Scotland, an internationally accredited coal analysis laboratory. This analysis indicates the amount (% yield) and quality of coal that could be obtained from the deposit by mining and processing.



The coal bearing strata, defined here as the Coal Measures, intersected by the drillholes comprises an interlaminated/interbedded sequence of coals and mudstones, which includes coal-rich horizons comprising a high proportion of coal.

Post edited awaiting clarification

Do you have a link for this or know where the original post came from?

Yes, can you please give a source for that - ideally a link. GFD

BG,can i ask where you got that article from ?

Edenville said in an Rns just before xmas that they were in discussions with potential
Asian joint venture partners so maybe some deal has been done.

Rob - GFD - Glen

I found it posted on a Yanzhou forum in the sates and posted it here as it looked
genuine,i have since tried to contact the poster to ask his or her source but thus
far i have had no response.As a precaution i will now edit my previous post until
i hear back from the poster.I am not saying it is fake at this stage but i am just
not sure.I will let you know if i find out anything.

Some massive buys going on here today!

I'm in! ,,bought in for a speculative punt