Pacific Asia China Energy Inc. - Coalbed Methane Stock - 500 Beiträge pro Seite
eröffnet am 14.03.07 14:08:02 von
neuester Beitrag 28.01.08 10:31:13 von
neuester Beitrag 28.01.08 10:31:13 von
Beiträge: 41
ID: 1.118.565
ID: 1.118.565
Aufrufe heute: 0
Gesamt: 5.294
Gesamt: 5.294
Aktive User: 0
Top-Diskussionen
| Titel | letzter Beitrag | Aufrufe |
|---|---|---|
| 26.04.24, 14:53 | 178 | |
| gestern 23:21 | 127 | |
| gestern 22:49 | 117 | |
| gestern 22:52 | 95 | |
| gestern 22:39 | 77 | |
| gestern 22:57 | 65 | |
| gestern 23:12 | 58 | |
| gestern 18:13 | 46 |
Meistdiskutierte Wertpapiere
| Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
|---|---|---|---|---|---|---|---|
| 1. | 1. | 0,1885 | -0,26 | 63 | |||
| 2. | 2. | 1,1800 | -14,49 | 54 | |||
| 3. | 3. | 18.188,00 | -0,01 | 46 | |||
| 4. | 4. | 2.326,88 | -0,47 | 38 | |||
| 5. | 5. | 168,29 | -1,11 | 21 | |||
| 6. | 6. | 7,3500 | +3,81 | 14 | |||
| 7. | 8. | 63.173,79 | -0,63 | 12 | |||
| 8. | 7. | 6,7910 | 0,00 | 12 |
Feedbackhttp://www.pace-energy.com/s/Home.asp
Infos über Coalbed Methane:
http://en.wikipedia.org/wiki/Coalbed_methane
Meinungen zu dieser Aktie?
Grüsse B.
Die bislang ermittelten Gaswerte waren gut und decken sich weitgehend mit den historischen Werten der Sproule Studie. Die Aktie hat grundsätzlich Vervielfachungspotential, birgt aber im aktuellen Stadium naturgemäß noch einige Risiken. Aus der Meldung vom 10.10.06 (das Guizhou-Projekt betreffend):
"Production testing is planned to commence in early 07 and will continue for several months."
Für eine abschließende Beurteilung muß man dieses Testergebnis abwarten. Noch nicht vergessen sind wohl auch die enttäuschenden Resultate beim Huangshi-Projekt
"Production testing is planned to commence in early 07 and will continue for several months."
Für eine abschließende Beurteilung muß man dieses Testergebnis abwarten. Noch nicht vergessen sind wohl auch die enttäuschenden Resultate beim Huangshi-Projekt
Antwort auf Beitrag Nr.: 28.290.917 von MFC500 am 14.03.07 15:29:15Danke!
Auf jeden Fall ne spannende Kiste.
So long!
B.
Auf jeden Fall ne spannende Kiste.
So long!
B.
Also ich bin da auch drinn und hoff das wir noch viel
freude mit dem Wert haben werden
ich denke 0,50 Euros bald möglich oder ?????
Bin ab heute dabei.
Auf steigene Kurse.
Auf steigene Kurse.
Trading Spotlight
Jau hört sich verdammt interessant an werd se mal in meine Watchlist schmeißen und n paar tage beobachten mal sehn wie es weiter geht
vielleicht giebts bald mehr zum diskutieren
Mfg Der Atze
vielleicht giebts bald mehr zum diskutieren
Mfg Der Atze
gute Einstiegsgelegenheit heut
war schon fast bei 0,50 bis die Chinesen stolpperten
"war schon fast bei 0,50 bis die Chinesen stolpperten"
Kannst Du das nochmal etwas verdeutlich, was Du damit meinst ?
Danke
Kannst Du das nochmal etwas verdeutlich, was Du damit meinst ?
Danke
Hallo Leute,
bin heute mal eingestiegen mit einer kleinen position.
PACE scheint einer der wenigen Werte zu sein die noch "ungepusht" sind, das sind immer gute Kaufkurse
Und schauen wir mal wo wir in 12 Monaten stehen...
Pirat
bin heute mal eingestiegen mit einer kleinen position.
PACE scheint einer der wenigen Werte zu sein die noch "ungepusht" sind, das sind immer gute Kaufkurse
Und schauen wir mal wo wir in 12 Monaten stehen...
Pirat
hallo (aktien)pirat!
hi mfc500!
ja, sehe ich auch so.
selbiges für z.b. primeline oder running fox.
auch diese werte dümplen dzt. durch die gegend, bei entsprechendem potential
gruss. €
hi mfc500!
ja, sehe ich auch so.
selbiges für z.b. primeline oder running fox.
auch diese werte dümplen dzt. durch die gegend, bei entsprechendem potential
gruss. €
Was meint ihr wann zieht der Kurs wieder an ???????
hoffe er kommt wieder
acific Asia China Energy Inc. Updates CBM Projects & Coal Degasification Initiative: First Revenues Received From Shenhua Contract
4/24/2007
KELOWNA, BRITISH COLUMBIA, Apr 24, 2007 (MARKET WIRE via COMTEX News Network) --
Pacific Asia China Energy Inc. ("PACE" - "the Company") (TSX VENTURE: PCE) is pleased to update shareholders on its CBM pilot project at Guizhou in south-central China, its Huangshi CBM exploration program, and its coal mine degasification initiative which is being operated by the Company's 50% owned subsidiary, PACE Mitchell Drilling Corp.
Guizhou CBM Project
At Guizhou, the Company is preparing a pilot production test at its Mayi block, where 6 slim core-holes were drilled in 2006. The program tested thickness and distribution of all coal seams as well as gas content, gas composition and adsorption properties of the main coals seams in the sequence. In addition, 65 km of 2D seismic was completed and processed. Three vertical wells will be drilled with fracc stimulation to test the primary coal seams at a depth of 600-800m. Drill site preparation has been completed, and the drilling contract will be finalized on receipt of all necessary permits. The program is expected to begin in early May. All wells will be placed on submersible pumps and tested for a period of three to four months to establish a production profile.
Huangshi CBM Project
After a thorough evaluation of the data and extensive site analysis, two locations have been identified for slim core-hole testing. Pending results, it is expected that one site will be selected for a vertical well fracc stimulation test. This exploration program is expected to be begin in early summer.
Coal Degasification Initiative
In February, PACE Mitchell Drilling Corp announced its first coal degasification contract, with the Shenhua Group, China's largest coal producer. An AU $10 million (US $8.3 million) contract with a consortium of partners was signed to provide a turn-key operation at Shenhua's Baijigou Coal Mine site located in Ningxia Province (See news release, February 19, 2007). The Company is pleased to report that first revenues to PACE Mitchell Drilling in the amount of US $270,000 have been received from this contract. The first Dymaxion drill rig has arrived at the mine location and site preparation work is now underway. Degasification operations are expected begin during the second week of May. In addition, management has agreed to send the second Dymaxion drill rig, which is presently en route to China, to the Baijigou Coal Mine site. The use of two rigs will allow the project to be completed ahead of the original schedule. On completion, it is planned to transport one drill rig to the Company's Guizhou CBM project, while the second rig will be used for degasification projects. Negotiations for additional degasification contracts are ongoing.
Under terms of the joint venture agreement, PACE is entitled to be reimbursed for the purchase of the Dymaxion rigs. During 2006, two new rigs were purchased with additional equipment at a cost of approximately US $6 million. Construction of the second Dymaxion drill rig has now been completed and it is expected to arrive at the Baijigou Coal Mine site during May.
Financing
On April 9, 2007, the Company announced that it had closed the first tranche of a C$10 million private placement with institutional investors totaling C $5.4 million. The second closing is expected to be completed and announced shortly.
PACIFIC ASIA CHINA ENERGY INC. is a Canadian based resource company specializing in the strategic development of Coal Bed Methane projects in China, CBM drilling and coal degasification through its 50% owned subsidiary, PACE MITCHELL DRILLING CORP. Common Shares of PACIFIC ASIA CHINA ENERGY INC. are listed on the TSX Venture Exchange under the symbol "PCE".
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
ON BEHALF OF THE BOARD
Devinder Randhawa, Chairman & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts: DSK Consulting Ltd. Scott Koyich Investor Relations (403) 215-5979 Email: skoyich@pace-energy.com Website: www.pace-energy.com
SOURCE: Pacific Asia China Energy Inc.
mailto:skoyich@pace-energy.com http://www.pace-energy.com
Copyright 2007 Market Wire, All rights reserved.
4/24/2007
KELOWNA, BRITISH COLUMBIA, Apr 24, 2007 (MARKET WIRE via COMTEX News Network) --
Pacific Asia China Energy Inc. ("PACE" - "the Company") (TSX VENTURE: PCE) is pleased to update shareholders on its CBM pilot project at Guizhou in south-central China, its Huangshi CBM exploration program, and its coal mine degasification initiative which is being operated by the Company's 50% owned subsidiary, PACE Mitchell Drilling Corp.
Guizhou CBM Project
At Guizhou, the Company is preparing a pilot production test at its Mayi block, where 6 slim core-holes were drilled in 2006. The program tested thickness and distribution of all coal seams as well as gas content, gas composition and adsorption properties of the main coals seams in the sequence. In addition, 65 km of 2D seismic was completed and processed. Three vertical wells will be drilled with fracc stimulation to test the primary coal seams at a depth of 600-800m. Drill site preparation has been completed, and the drilling contract will be finalized on receipt of all necessary permits. The program is expected to begin in early May. All wells will be placed on submersible pumps and tested for a period of three to four months to establish a production profile.
Huangshi CBM Project
After a thorough evaluation of the data and extensive site analysis, two locations have been identified for slim core-hole testing. Pending results, it is expected that one site will be selected for a vertical well fracc stimulation test. This exploration program is expected to be begin in early summer.
Coal Degasification Initiative
In February, PACE Mitchell Drilling Corp announced its first coal degasification contract, with the Shenhua Group, China's largest coal producer. An AU $10 million (US $8.3 million) contract with a consortium of partners was signed to provide a turn-key operation at Shenhua's Baijigou Coal Mine site located in Ningxia Province (See news release, February 19, 2007). The Company is pleased to report that first revenues to PACE Mitchell Drilling in the amount of US $270,000 have been received from this contract. The first Dymaxion drill rig has arrived at the mine location and site preparation work is now underway. Degasification operations are expected begin during the second week of May. In addition, management has agreed to send the second Dymaxion drill rig, which is presently en route to China, to the Baijigou Coal Mine site. The use of two rigs will allow the project to be completed ahead of the original schedule. On completion, it is planned to transport one drill rig to the Company's Guizhou CBM project, while the second rig will be used for degasification projects. Negotiations for additional degasification contracts are ongoing.
Under terms of the joint venture agreement, PACE is entitled to be reimbursed for the purchase of the Dymaxion rigs. During 2006, two new rigs were purchased with additional equipment at a cost of approximately US $6 million. Construction of the second Dymaxion drill rig has now been completed and it is expected to arrive at the Baijigou Coal Mine site during May.
Financing
On April 9, 2007, the Company announced that it had closed the first tranche of a C$10 million private placement with institutional investors totaling C $5.4 million. The second closing is expected to be completed and announced shortly.
PACIFIC ASIA CHINA ENERGY INC. is a Canadian based resource company specializing in the strategic development of Coal Bed Methane projects in China, CBM drilling and coal degasification through its 50% owned subsidiary, PACE MITCHELL DRILLING CORP. Common Shares of PACIFIC ASIA CHINA ENERGY INC. are listed on the TSX Venture Exchange under the symbol "PCE".
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
ON BEHALF OF THE BOARD
Devinder Randhawa, Chairman & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts: DSK Consulting Ltd. Scott Koyich Investor Relations (403) 215-5979 Email: skoyich@pace-energy.com Website: www.pace-energy.com
SOURCE: Pacific Asia China Energy Inc.
mailto:skoyich@pace-energy.com http://www.pace-energy.com
Copyright 2007 Market Wire, All rights reserved.
Antwort auf Beitrag Nr.: 28.999.303 von Pirat_Micha am 25.04.07 19:48:04kurs bricht aus die letzen tage...hat jemand
ne meldung ?!?
ne meldung ?!?
May 9, 2007
Pacific Asia has completed the second and final tranche of its non-brokered private placement financing. The second closing raised C$3.06 million from retail investors, in addition to C$5.4 million from institutional investors in the first closing, announced on April 9th 2007. The private placement raised a total of C$8.46 million.
The offering consists of units at C$.55 per unit. Each unit includes 1 common share and 1/2 common share purchase warrant. Each full warrant entitles the holder to purchase one common share of PACE at an exercise price of C$.65 for a period of twenty-four months following the closing of the financing. The warrants will not be listed on any Exchange.
All shares and warrants issued from this offering will be subject to a hold period of four months from the date of issuance. Proceeds will be used for the planned pilot drilling program at the Company's Guizhou CBM project (see news release March 15, 2007) and for general working capital.
http://biz.yahoo.com/iw/070509/0250443.html
Pacific Asia has completed the second and final tranche of its non-brokered private placement financing. The second closing raised C$3.06 million from retail investors, in addition to C$5.4 million from institutional investors in the first closing, announced on April 9th 2007. The private placement raised a total of C$8.46 million.
The offering consists of units at C$.55 per unit. Each unit includes 1 common share and 1/2 common share purchase warrant. Each full warrant entitles the holder to purchase one common share of PACE at an exercise price of C$.65 for a period of twenty-four months following the closing of the financing. The warrants will not be listed on any Exchange.
All shares and warrants issued from this offering will be subject to a hold period of four months from the date of issuance. Proceeds will be used for the planned pilot drilling program at the Company's Guizhou CBM project (see news release March 15, 2007) and for general working capital.
http://biz.yahoo.com/iw/070509/0250443.html
Auszug aus SEDAR-Filing v. 10.05.07:
Sprott Asset Management (the “Offeror”):
As at April 30, 2007, there is a net increase in the holdings of 3,619,000 common shares (the “Common Shares”) and a net increase in the holdings of 1,818,500 warrants (the “Warrants”) of Pacific Asia China Energy Inc. (the “Issuer”). This has resulted in a net
increase of 3.6% in the Offeror’s securityholdings.
As at April 30, 2007, the Offeror exercises control or direction, on behalf of accounts fully managed by it, over 7,619,000 Common Shares and 3,818,500 Warrants of the Issuer. Based on the number of currently issued and outstanding Common Shares (as reported by the Issuer) and assuming the exercise of the Warrants, the Offeror exercises control or direction over 12.2% of the issued and outstanding Common Shares.
Sprott Asset Management (the “Offeror”):
As at April 30, 2007, there is a net increase in the holdings of 3,619,000 common shares (the “Common Shares”) and a net increase in the holdings of 1,818,500 warrants (the “Warrants”) of Pacific Asia China Energy Inc. (the “Issuer”). This has resulted in a net
increase of 3.6% in the Offeror’s securityholdings.
As at April 30, 2007, the Offeror exercises control or direction, on behalf of accounts fully managed by it, over 7,619,000 Common Shares and 3,818,500 Warrants of the Issuer. Based on the number of currently issued and outstanding Common Shares (as reported by the Issuer) and assuming the exercise of the Warrants, the Offeror exercises control or direction over 12.2% of the issued and outstanding Common Shares.
Antwort auf Beitrag Nr.: 29.370.656 von Pirat_Micha am 18.05.07 12:44:20
Du scho wieda bist du bei RI angestellt oder hast a Abo
aber hir rührt sich leider ned viel i hoff des Ding
geht bald ab wie a Rakete
Du scho wieda bist du bei RI angestellt oder hast a Abo
aber hir rührt sich leider ned viel i hoff des Ding
geht bald ab wie a Rakete
hi!
pace hat deinen wunsch erhört!
12,50 % in can.
kleiner schöhnheitsfehler des raketentriebsatzes.
die schubumkehr dürfte auf on gewesen sein: - 12,50 %.
ist dennoch eine bemerkenswerte performance.
gruss. €
pace hat deinen wunsch erhört!
12,50 % in can.
kleiner schöhnheitsfehler des raketentriebsatzes.
die schubumkehr dürfte auf on gewesen sein: - 12,50 %.
ist dennoch eine bemerkenswerte performance.
gruss. €
PACIFIC ASIA CHINA ENERGY is pleased to announce that it has begun drilling the first of 3 vertical pilot wells at its Baotian-Qingshan CBM Exploration concession (Guizhou CBM Project). Each well is expected to take approximately 30-45 days to drill and will target the primary coal seams at depths between 600-800m. In early 2006, Sproule International Ltd., a geological and petroleum engineering consulting firm, conducted a study of the discovered CBM resources for the Guizhou property. The study estimated a "Most Likely Case" volume estimate for the three primary coal seams in the Longtan Formation (seams No.17-1, 17-2 and 19) of 5.2 Tcf, and having an aggregate thickness of 9.2 meters (30 feet) distributed over the entire permit area.
As previously announced, the pilot-test program will be located near the Zongyi village in the south-west part of the Mayi exploration block. The test block is approximately 3 km2 in size. This initial 3 well program will include stimulation by fraccing, dewatering, and an extended monitoring and test production phase. Analysis of reservoir and production data is expected to guide further possible testing with Mitchell Dymaxion horizontal drilling in a larger region comprising 20 km2 which surrounds the initial the pilot area.
The test site was selected after a 6 core well exploration program and 2D seismic survey was completed late last year. It is located in an area of thick coal accumulation (more than 16 m net coal in 7 seams thicker than 1 m) and with good gas content (300-400 scf/t; adb). In addition, the location offers easy access by paved roads and relatively flat terrain. . The budget provides for an additional two wells if required. Results will be provided when available.
This news release was prepared on behalf of the Company by Dr. Marchioni, PhD, P.Geol, V-P of Exploration. Dr. Marchioni is a qualified person as defined by National Instrument 43-101 and 51- 101, and is responsible for reporting on the company's drilling programs in China.
Discovered Resources are those quantities of oil and gas estimated on a given date to be remaining in, plus those quantities already produced from, known accumulations. Discovered resources are divided into economic and uneconomic categories, with estimated future recoverable portion classified as reserves and contingent resources respectively.
There is no certainty that it will be economically or technically viable to produce any portion of the reported Discovered Resource.
http://biz.yahoo.com/iw/070605/0262087.html
As previously announced, the pilot-test program will be located near the Zongyi village in the south-west part of the Mayi exploration block. The test block is approximately 3 km2 in size. This initial 3 well program will include stimulation by fraccing, dewatering, and an extended monitoring and test production phase. Analysis of reservoir and production data is expected to guide further possible testing with Mitchell Dymaxion horizontal drilling in a larger region comprising 20 km2 which surrounds the initial the pilot area.
The test site was selected after a 6 core well exploration program and 2D seismic survey was completed late last year. It is located in an area of thick coal accumulation (more than 16 m net coal in 7 seams thicker than 1 m) and with good gas content (300-400 scf/t; adb). In addition, the location offers easy access by paved roads and relatively flat terrain. . The budget provides for an additional two wells if required. Results will be provided when available.
This news release was prepared on behalf of the Company by Dr. Marchioni, PhD, P.Geol, V-P of Exploration. Dr. Marchioni is a qualified person as defined by National Instrument 43-101 and 51- 101, and is responsible for reporting on the company's drilling programs in China.
Discovered Resources are those quantities of oil and gas estimated on a given date to be remaining in, plus those quantities already produced from, known accumulations. Discovered resources are divided into economic and uneconomic categories, with estimated future recoverable portion classified as reserves and contingent resources respectively.
There is no certainty that it will be economically or technically viable to produce any portion of the reported Discovered Resource.
http://biz.yahoo.com/iw/070605/0262087.html
Pacific Asia is pleased to announce its 50% owned subsidiary PACE Mitchell Drilling Corp ("the Company") has received US$890,000 as the second payment from a degasification drilling contract awarded to the Company by the Shenhua Group, the world's third largest coal miner (see news releases, February 19 and April 24). To date, Pace Mitchell Drilling Corp has been paid US $1.16 million.
Drilling operations began this past week at Shenhua's 2,000 tonne/day Baijigou Coal Mine in China's Ningxia province using the first of two Dymaxion® drill rigs. The second drill rig is presently being fitted with additional tools and mud pumps and will be shipped to the Baijigou mine within two weeks. By using both rigs, the Company's drilling operations should be completed during the fourth quarter. PACE Mitchell Drilling Corp will receive approximately US $4.55 million as its share of the estimated $US $8.3 million degasification project, which is being carried out by a consortium of four companies.
Negotiations with Weixin Yuntou Zhaxi Energy Co Ltd for degasifying the Guanyinshan coal mine in Yunnan province are continuing.
Discussions recently took place in northern China between representatives of local Coal and Mines Safety Bureaus and PACE representatives. Mitchell Drilling President Nathan Mitchell and PACE President Tunaye Sai were encouraged by the interest expressed in the Dymaxion® drilling platform as a preferred method for coal mine degasification in China. Marketing efforts have now increased as a result of China's growing interest to degasify its 2,000+ coal mines, and PACE is now evaluating financing alternatives for the construction of additional Dymaxion® rigs for use in China.
China's current Five-Year Plan has prioritized coal mine degasification to reduce the thousands of accidental mining fatalities as a result of methane explosions and to lower the world's largest volume of harmful coal mine methane emissions, which contribute to the global warming process. In addition, coal mine degasification enables the recovery and utilization of coal mine methane for use as a clean-burning energy source. Construction of CBM-powered plants is now underway. One such power plant became operational last month in southern China as the country intensifies its efforts to reduce air pollution, while harnessing a valuable and necessary energy source.
http://biz.yahoo.com/iw/070620/0268761.html
Drilling operations began this past week at Shenhua's 2,000 tonne/day Baijigou Coal Mine in China's Ningxia province using the first of two Dymaxion® drill rigs. The second drill rig is presently being fitted with additional tools and mud pumps and will be shipped to the Baijigou mine within two weeks. By using both rigs, the Company's drilling operations should be completed during the fourth quarter. PACE Mitchell Drilling Corp will receive approximately US $4.55 million as its share of the estimated $US $8.3 million degasification project, which is being carried out by a consortium of four companies.
Negotiations with Weixin Yuntou Zhaxi Energy Co Ltd for degasifying the Guanyinshan coal mine in Yunnan province are continuing.
Discussions recently took place in northern China between representatives of local Coal and Mines Safety Bureaus and PACE representatives. Mitchell Drilling President Nathan Mitchell and PACE President Tunaye Sai were encouraged by the interest expressed in the Dymaxion® drilling platform as a preferred method for coal mine degasification in China. Marketing efforts have now increased as a result of China's growing interest to degasify its 2,000+ coal mines, and PACE is now evaluating financing alternatives for the construction of additional Dymaxion® rigs for use in China.
China's current Five-Year Plan has prioritized coal mine degasification to reduce the thousands of accidental mining fatalities as a result of methane explosions and to lower the world's largest volume of harmful coal mine methane emissions, which contribute to the global warming process. In addition, coal mine degasification enables the recovery and utilization of coal mine methane for use as a clean-burning energy source. Construction of CBM-powered plants is now underway. One such power plant became operational last month in southern China as the country intensifies its efforts to reduce air pollution, while harnessing a valuable and necessary energy source.
http://biz.yahoo.com/iw/070620/0268761.html
Der Bericht über das 1.Quartal 2007 kann unter SEDAR.com abgerufen werden
weiß jemand warum heute PCE so abstürzt? Kann keine News finden.
Antwort auf Beitrag Nr.: 30.856.865 von pcbanker am 26.07.07 11:47:51Ich vermute Stopp-loss-Verkäufe eines Börsenbriefes (RI), der bei etwa 0,32 € gesetzt war... 
Zumal sich in Toronto nicht viel getan hat gestern ...
Hoffnungsvolle Grüße
hobiewaters
Zumal sich in Toronto nicht viel getan hat gestern ...
Hoffnungsvolle Grüße
hobiewaters
Hallo wie wirds mit Pacific weitergehen
es läuft nicht so ideal wer weiß was ????
Der Bericht über das 2.Quartal 2007 kann unter SEDAR.com abgerufen werden
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issu…
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issu…
Aug 13, 2007 Pacific Asia China Energy ("PACE" or "the Company") is pleased to announce that James Douglas Brown has been elected to the Board of Directors at the Company's annual meeting held in Vancouver on Wednesday, August 8th, where all resolutions were approved. Mr. Brown previously served on the Company's Advisory Board.
Mr. Brown has extensive international and investment banking experience with a specialization in Asian markets. He is a Principal of Grasmere Ltd, a privately held investment advisory firm and serves as a Director to both equity and hedge funds, including one of the oldest and largest hedge funds in Asia. He graduated from Edinburgh University with an LLB in 1973. Mr. Brown's investment banking experience will be valuable to the Company which is presently evaluating alternatives for developing its Pace Mitchell Drilling subsidiary.
The remaining composition of the Board of Directors remains unchanged with Dev Randhawa, Tunaye Sai, Donald Scoretz, David Marchioni, Norman Mackenzie and Steven Khan all being re-elected.
http://biz.yahoo.com/iw/070813/0289678.html
Mr. Brown has extensive international and investment banking experience with a specialization in Asian markets. He is a Principal of Grasmere Ltd, a privately held investment advisory firm and serves as a Director to both equity and hedge funds, including one of the oldest and largest hedge funds in Asia. He graduated from Edinburgh University with an LLB in 1973. Mr. Brown's investment banking experience will be valuable to the Company which is presently evaluating alternatives for developing its Pace Mitchell Drilling subsidiary.
The remaining composition of the Board of Directors remains unchanged with Dev Randhawa, Tunaye Sai, Donald Scoretz, David Marchioni, Norman Mackenzie and Steven Khan all being re-elected.
http://biz.yahoo.com/iw/070813/0289678.html
Antwort auf Beitrag Nr.: 31.141.289 von MFC500 am 13.08.07 15:42:18Hallo zusammen,
kann mir mal jemand ein Update zu PACE geben? Bin jetzt einige Monate investiert und die waren ja nicht so toll.
Was ist los mit dem Wert?
Gibt es wichtige Events in naher Zukunft die den Börsenkurs deutlich steigern könnten?
Danke schon mal!
Gruß
Gregory
kann mir mal jemand ein Update zu PACE geben? Bin jetzt einige Monate investiert und die waren ja nicht so toll.
Was ist los mit dem Wert?
Gibt es wichtige Events in naher Zukunft die den Börsenkurs deutlich steigern könnten?
Danke schon mal!
Gruß
Gregory
PACE MITCHELL DRILLING Signs Degasification Contract Valued Up to US $2.73 Million
Tuesday September 4
ASIA CHINA ENERGY is pleased to announce that its 50% owned joint venture drilling subsidiary PACE Mitchell Drilling Corp. (PACE Mitchell) has signed a drilling services contract for degasification at the Yunnan Weixin Guanyinshan Coal Mine in Kunming, Yunnan Province, China. In February, PACE announced that a Memorandum of Understanding had been signed with Weixin Yuntou Yuedian Zhaxi Energy Co. Ltd. ("Weixin"), owner of the coal mine, for the right to negotiate degasification services (see news release February 19, 2007). The agreement subsequently reached represents the second major contract to be signed as a direct result of PACE Mitchell's degasification marketing initiative.
The Drilling Services Contract provides for up to two sets of Dymaxion horizontal wells for a total value of up to US $2.73 million. Plans are to degasify a 2,000m X 200m block to lower the gas content in the coal seam to a safe working level before tunnel development and mining can take place. PACE Mitchell will drill one Dymaxion well set comprising one vertical well which will be intersected by two Surface-to-in-Seam (SIS) laterals in the target coal seam. Additional gas production and monitoring equipment will also be installed. The contract value for the first well is US $1.41 million. A total of 10% of this value is payable on signing to cover the mobilization of equipment to the site. Weixin retains the option for a second Dymaxion well set for a period of ten days after completion of the first well. Should Weixin exercise this option, the total contract value increases to US $2.73 million.
Site preparation is planned for early September with drilling to begin by early October. Should Weixin exercise their option for a second well, completion of the project is expected by December.
PACE President, Tunaye Sai, commented: "This second contract win demonstrates the confidence PACE Mitchell is gaining from coal mining officials as they seek a reliable and viable alternative for degasifying their coal mines. Mitchell Drilling has a proven track record for CBM drilling and coal degasification in Australia and PACE Mitchell will continue to build on that success in China."
China has prioritized coal mine degasification to reduce the thousands of accidental mining fatalities as a result of methane explosions and to lower the world's largest volume of harmful coal mine methane emissions, which contribute to the global warming process. In addition, coal mine degasification enables the recovery and utilization of coal mine methane for use as a clean-burning energy source, while reducing air pollution.
PACE Mitchell's goal is to become a leading coal degasification/CBM drilling company in China. Marketing efforts are continuing to win new contracts and alternatives for financing the purchase of additional Dymaxion drill rigs are being reviewed.
http://biz.yahoo.com/iw/070904/0297569.html
Tuesday September 4
ASIA CHINA ENERGY is pleased to announce that its 50% owned joint venture drilling subsidiary PACE Mitchell Drilling Corp. (PACE Mitchell) has signed a drilling services contract for degasification at the Yunnan Weixin Guanyinshan Coal Mine in Kunming, Yunnan Province, China. In February, PACE announced that a Memorandum of Understanding had been signed with Weixin Yuntou Yuedian Zhaxi Energy Co. Ltd. ("Weixin"), owner of the coal mine, for the right to negotiate degasification services (see news release February 19, 2007). The agreement subsequently reached represents the second major contract to be signed as a direct result of PACE Mitchell's degasification marketing initiative.
The Drilling Services Contract provides for up to two sets of Dymaxion horizontal wells for a total value of up to US $2.73 million. Plans are to degasify a 2,000m X 200m block to lower the gas content in the coal seam to a safe working level before tunnel development and mining can take place. PACE Mitchell will drill one Dymaxion well set comprising one vertical well which will be intersected by two Surface-to-in-Seam (SIS) laterals in the target coal seam. Additional gas production and monitoring equipment will also be installed. The contract value for the first well is US $1.41 million. A total of 10% of this value is payable on signing to cover the mobilization of equipment to the site. Weixin retains the option for a second Dymaxion well set for a period of ten days after completion of the first well. Should Weixin exercise this option, the total contract value increases to US $2.73 million.
Site preparation is planned for early September with drilling to begin by early October. Should Weixin exercise their option for a second well, completion of the project is expected by December.
PACE President, Tunaye Sai, commented: "This second contract win demonstrates the confidence PACE Mitchell is gaining from coal mining officials as they seek a reliable and viable alternative for degasifying their coal mines. Mitchell Drilling has a proven track record for CBM drilling and coal degasification in Australia and PACE Mitchell will continue to build on that success in China."
China has prioritized coal mine degasification to reduce the thousands of accidental mining fatalities as a result of methane explosions and to lower the world's largest volume of harmful coal mine methane emissions, which contribute to the global warming process. In addition, coal mine degasification enables the recovery and utilization of coal mine methane for use as a clean-burning energy source, while reducing air pollution.
PACE Mitchell's goal is to become a leading coal degasification/CBM drilling company in China. Marketing efforts are continuing to win new contracts and alternatives for financing the purchase of additional Dymaxion drill rigs are being reviewed.
http://biz.yahoo.com/iw/070904/0297569.html
Antwort auf Beitrag Nr.: 31.387.036 von MFC500 am 04.09.07 16:55:23MFC kannst Du auch auf Beiträge antworten???
Pacific Asia China Energy Inc. Updates Guizhou CBM Project and Recent CBM Developments in China
Oct 4, 2007
Pacific Asia China Energy is pleased to update shareholders on its CBM pilot project at Guizhou in south-central China. In addition, the Company is greatly encouraged by recent new developments in the emerging CBM sector in China, as highlighted below.
Guizhou CBM Project:
At Guizhou, the Company is conducting a pilot production test comprising three vertical wells located in the Zhongyi region of the Mayi block. The Mayi block comprises 138 km2 within the overall 970 km2 Guizhou concession. The Company's geological and engineering consultant, Sproule International of Calgary, in accordance with Policy NI 51-101 and the COGE Handbook, estimates a "Most Likely Case volume of discovered CBM resources in place" at 5.2 TCF for targeted coal seams 17-1, 17-2, and 19, having an aggregate thickness of 9.2 m distributed over the Guizhou project area (Source: Sproule International, "Study of the Discovered CBM Resources in the Baotian-Qingshan Property, Guizhou Province, People's Republic of China, as of December 31, 2005). The pilot production test will enable the Company to more accurately estimate a gas resource, and model an expected production profile.
The first pilot well, ZY-04-1, was recently completed and logged. ZY-04-1 cored several target coal seams with accompanying desorption and coal quality testing. Total coal thickness is 23.2 m in 6 seams thicker than 1 m (range 1.9 to 6.6 m) at depths from 557 m to 809 m. Average gas content in 12 fully-desorbed samples from 6 seams is 320 scf/t (as-received basis). Three samples continue desorbing. Initial results from the ZY-04-1 well are consistent with results obtained in the 2006 exploration program when 6 fully-cored slim holes were completed and tested in the Zhongyi and Mayi areas. Drilling, logging and cementing have been completed at the ZY-04-2 well to a depth of 851 m. The third well, ZY-04-3 will begin drilling within a few days. On completion of the third well, target seams will be selected for fracc stimulation and production testing which is expected to take place by late November.
As part of the exploration planned for 2007-2008, a three hole core well program has recently begun in the Lohan region, located north of Mayi. Drilling is scheduled for completion during the final quarter of 2007. This program represents the first phase of exploration on the Lohan block. Data from this test program will enable the Company to evaluate the volume of coalbed methane gas (CBM) present, and help assess the commercial viability of extracting the gas. Key production factors including reservoir pressure, coal permeability, gas content and composition, and coal saturation will be evaluated. All coal seams will be cored with desorption and associated analyses.
Recent CBM Developments In China:
The Wall Street Journal (Hong Kong) recently ran a story (see Wall Street Journal Online, "Asian Coal-Bed Methane Brews As a Potential Hot Energy Play", August 1, 2007) suggesting, "that Coalbed methane in China could be shaping up as the next hot energy play." In recent months, prominent new participants like Arrow Energy of Australia and Zhongyu Gas Holding of Hong Kong have entered the CBM sector, the latter with significant international institutional backing. In addition, China's Ministry of Finance has proposed new policy initiatives designed to further encourage CBM development. PACE is watching these new developments with interest.
Dev Randhawa, Chairman & CEO, commented, "PACE is very fortunate to have positioned itself as an early participant in the development of CBM in China. While CBM remains in the early stages, the Company is encouraged by planned government policy support initiatives introduced by the Ministry Of Finance that encourage the development and utilization of CBM gas. Coupled with the recent investments by prominent new players demonstrates the opportunity in this sector. While CBM exploration and development is being deferred in North America and many wells are being shut-in, this trend is clearly not the case in China. PACE is continuing to execute its business plan and much progress is being made in advancing both our Guizhou CBM and PACE Mitchell Drilling business segments."
The technical information in this news release was prepared on behalf of the Company by Dr. David Marchioni, PhD. P.Geol., of PetroLogic Services, a Calgary based geological consulting firm. Dr. Marchioni is the Qualified Person as defined by National Instrument 43-101/51-101, and is responsible for the supervision of the pilot test production program and the core well exploration program currently underway at PACE's Boatian-Qingshan CBM property in the Guizhou province of China.
Discovered Resources are those quantities of oil and gas estimated on a given date to be remaining in, plus those quantities already produced from, known accumulations. Discovered resources are divided into economic and uneconomic categories, with estimated future recoverable portion classified as reserves and contingent resources respectively.
There is no certainty that it will be economically or technically viable to produce any portion of the reported discovered resource.
http://biz.yahoo.com/iw/071004/0310958.html
Oct 4, 2007
Pacific Asia China Energy is pleased to update shareholders on its CBM pilot project at Guizhou in south-central China. In addition, the Company is greatly encouraged by recent new developments in the emerging CBM sector in China, as highlighted below.
Guizhou CBM Project:
At Guizhou, the Company is conducting a pilot production test comprising three vertical wells located in the Zhongyi region of the Mayi block. The Mayi block comprises 138 km2 within the overall 970 km2 Guizhou concession. The Company's geological and engineering consultant, Sproule International of Calgary, in accordance with Policy NI 51-101 and the COGE Handbook, estimates a "Most Likely Case volume of discovered CBM resources in place" at 5.2 TCF for targeted coal seams 17-1, 17-2, and 19, having an aggregate thickness of 9.2 m distributed over the Guizhou project area (Source: Sproule International, "Study of the Discovered CBM Resources in the Baotian-Qingshan Property, Guizhou Province, People's Republic of China, as of December 31, 2005). The pilot production test will enable the Company to more accurately estimate a gas resource, and model an expected production profile.
The first pilot well, ZY-04-1, was recently completed and logged. ZY-04-1 cored several target coal seams with accompanying desorption and coal quality testing. Total coal thickness is 23.2 m in 6 seams thicker than 1 m (range 1.9 to 6.6 m) at depths from 557 m to 809 m. Average gas content in 12 fully-desorbed samples from 6 seams is 320 scf/t (as-received basis). Three samples continue desorbing. Initial results from the ZY-04-1 well are consistent with results obtained in the 2006 exploration program when 6 fully-cored slim holes were completed and tested in the Zhongyi and Mayi areas. Drilling, logging and cementing have been completed at the ZY-04-2 well to a depth of 851 m. The third well, ZY-04-3 will begin drilling within a few days. On completion of the third well, target seams will be selected for fracc stimulation and production testing which is expected to take place by late November.
As part of the exploration planned for 2007-2008, a three hole core well program has recently begun in the Lohan region, located north of Mayi. Drilling is scheduled for completion during the final quarter of 2007. This program represents the first phase of exploration on the Lohan block. Data from this test program will enable the Company to evaluate the volume of coalbed methane gas (CBM) present, and help assess the commercial viability of extracting the gas. Key production factors including reservoir pressure, coal permeability, gas content and composition, and coal saturation will be evaluated. All coal seams will be cored with desorption and associated analyses.
Recent CBM Developments In China:
The Wall Street Journal (Hong Kong) recently ran a story (see Wall Street Journal Online, "Asian Coal-Bed Methane Brews As a Potential Hot Energy Play", August 1, 2007) suggesting, "that Coalbed methane in China could be shaping up as the next hot energy play." In recent months, prominent new participants like Arrow Energy of Australia and Zhongyu Gas Holding of Hong Kong have entered the CBM sector, the latter with significant international institutional backing. In addition, China's Ministry of Finance has proposed new policy initiatives designed to further encourage CBM development. PACE is watching these new developments with interest.
Dev Randhawa, Chairman & CEO, commented, "PACE is very fortunate to have positioned itself as an early participant in the development of CBM in China. While CBM remains in the early stages, the Company is encouraged by planned government policy support initiatives introduced by the Ministry Of Finance that encourage the development and utilization of CBM gas. Coupled with the recent investments by prominent new players demonstrates the opportunity in this sector. While CBM exploration and development is being deferred in North America and many wells are being shut-in, this trend is clearly not the case in China. PACE is continuing to execute its business plan and much progress is being made in advancing both our Guizhou CBM and PACE Mitchell Drilling business segments."
The technical information in this news release was prepared on behalf of the Company by Dr. David Marchioni, PhD. P.Geol., of PetroLogic Services, a Calgary based geological consulting firm. Dr. Marchioni is the Qualified Person as defined by National Instrument 43-101/51-101, and is responsible for the supervision of the pilot test production program and the core well exploration program currently underway at PACE's Boatian-Qingshan CBM property in the Guizhou province of China.
Discovered Resources are those quantities of oil and gas estimated on a given date to be remaining in, plus those quantities already produced from, known accumulations. Discovered resources are divided into economic and uneconomic categories, with estimated future recoverable portion classified as reserves and contingent resources respectively.
There is no certainty that it will be economically or technically viable to produce any portion of the reported discovered resource.
http://biz.yahoo.com/iw/071004/0310958.html
Antwort auf Beitrag Nr.: 31.842.973 von MFC500 am 04.10.07 15:38:12
Was ist da los so ein Anstieg erst geht nix und dann ......
wie wirds weitergehen weißt du mehr
schöne Grüße vom Schreiner
Was ist da los so ein Anstieg erst geht nix und dann ......
wie wirds weitergehen weißt du mehr
schöne Grüße vom Schreiner
Antwort auf Beitrag Nr.: 31.844.974 von Aktienschreiner am 04.10.07 17:40:31Das "Hellsehen" überlasse ich Anderen. Die Nachricht ist auf jeden Fall sehr erfreulich und zeigt, daß PACE auf dem richtigen Weg ist.
Antwort auf Beitrag Nr.: 31.845.128 von MFC500 am 04.10.07 17:50:22
Servus wie bist du auf PACE gekommen ???????
Börsenbrief oder selber ???????????
würd mich interessieren
Servus wie bist du auf PACE gekommen ???????
Börsenbrief oder selber ???????????
würd mich interessieren
Antwort auf Beitrag Nr.: 31.845.824 von Aktienschreiner am 04.10.07 18:38:45sowohl als auch. Einen BB-Artikel habe ich zum Anlass genommen, mich intensiv mit dem Unternehmen zu befassen. Ich würde mich niemals auf die Recherchen eines BB verlassen. Aber als Anregung sind sie grundsätzlich brauchbar.
09.10.07
Pacific Asia is pleased to update shareholders on programs operated by PACE Mitchell Drilling Corp, the Company's 50% owned drilling subsidiary, co-owned with Mitchell Drilling Corp of Australia. PACE Mitchell Drilling Corp owns and operates two new Dymaxion CBM drilling rigs in China, which were transported there from Australia at the beginning of the year. The Dymaxion drill rig is responsible for approximately 80% of the successfully drilled CBM wells in Australia. Many of these wells were completed in a regulated natural gas pricing environment from CBM deposits that were considered to be marginal or uneconomic. PACE Mitchell Drilling anticipates the drilling effectiveness, in addition to the cost and labour efficiencies demonstrated in Australia, will be achieved by the initiatives now being undertaken in China.
PACE Mitchell's first Dymaxion drill rig is currently being transported from the Shenhua Group's Ningxia Coal Mine degasification site to a new undisclosed location where it will drill the first Dymaxion test CBM well set in China. The well is being drilled on behalf of a leading CBM company presently conducting exploration and development activities. For competitive reasons, confidentiality of this project is in effect. The Company will provide an update when conditions permit.
At the Shenhua Ningxia Coal Mine site, difficult drilling conditions were later encountered, and no further drilling could be carried out. A subsequent evaluation of the underground conditions completed by PACE Mitchell's engineers revealed that part of the area had already been mined, resulting in drilling conditions not amenable to further degasification activity. All outstanding issues have been settled amicably between the Shenhua Group and the four company consortium contracted to complete the project. The Company received approximately US $2 million of the US $4.5 million it was to receive if the project could have been completed. The stoppage in drilling operations has allowed the rig to be immediately available for new work. Regarding the recently announced degasification project in Yunnan province, PACE Mitchell's second drill rig is being prepared for transport to the Weixin Guanyinshan Coal Mine in Kunming (see news release, September 4, 2007). Drilling is expected to begin early this month.
PACE Mitchell's senior management continues to be very encouraged with the expressions of interest shown in the Dymaxion drilling platform. The potential drilling work available demonstrates the need for additional rigs. PACE Mitchell has completed a new financial plan and recently met with parties interested in financing the construction of additional rigs for use in China. Discussions are continuing.
http://biz.yahoo.com/iw/071009/0312952.html
Pacific Asia is pleased to update shareholders on programs operated by PACE Mitchell Drilling Corp, the Company's 50% owned drilling subsidiary, co-owned with Mitchell Drilling Corp of Australia. PACE Mitchell Drilling Corp owns and operates two new Dymaxion CBM drilling rigs in China, which were transported there from Australia at the beginning of the year. The Dymaxion drill rig is responsible for approximately 80% of the successfully drilled CBM wells in Australia. Many of these wells were completed in a regulated natural gas pricing environment from CBM deposits that were considered to be marginal or uneconomic. PACE Mitchell Drilling anticipates the drilling effectiveness, in addition to the cost and labour efficiencies demonstrated in Australia, will be achieved by the initiatives now being undertaken in China.
PACE Mitchell's first Dymaxion drill rig is currently being transported from the Shenhua Group's Ningxia Coal Mine degasification site to a new undisclosed location where it will drill the first Dymaxion test CBM well set in China. The well is being drilled on behalf of a leading CBM company presently conducting exploration and development activities. For competitive reasons, confidentiality of this project is in effect. The Company will provide an update when conditions permit.
At the Shenhua Ningxia Coal Mine site, difficult drilling conditions were later encountered, and no further drilling could be carried out. A subsequent evaluation of the underground conditions completed by PACE Mitchell's engineers revealed that part of the area had already been mined, resulting in drilling conditions not amenable to further degasification activity. All outstanding issues have been settled amicably between the Shenhua Group and the four company consortium contracted to complete the project. The Company received approximately US $2 million of the US $4.5 million it was to receive if the project could have been completed. The stoppage in drilling operations has allowed the rig to be immediately available for new work. Regarding the recently announced degasification project in Yunnan province, PACE Mitchell's second drill rig is being prepared for transport to the Weixin Guanyinshan Coal Mine in Kunming (see news release, September 4, 2007). Drilling is expected to begin early this month.
PACE Mitchell's senior management continues to be very encouraged with the expressions of interest shown in the Dymaxion drilling platform. The potential drilling work available demonstrates the need for additional rigs. PACE Mitchell has completed a new financial plan and recently met with parties interested in financing the construction of additional rigs for use in China. Discussions are continuing.
http://biz.yahoo.com/iw/071009/0312952.html
Hallo zusammen,
kann sein, dass ich nichts Neues poste. Bin vorher erst auf diesen Wert aufmerksam geworden und mein erster Eindruck ist, dass das eine interessante Story werden könnte.
WSJA(8/1) Heard In China: Methane A Potential Hot Energy Play
31.07.07 23:30:00- APIN
(From THE WALL STREET JOURNAL ASIA)
By Jane Spencer
Hong Kong -- MASSIVE STORES of methane gas buried deep inside Asia's coal beds
could be shaping up as the next hot energy play.
Trillions of cubic meters of clean-burning methane are trapped in Asia's coal
deposits. The gas -- which produces lower levels of air pollution and carbon
emissions than oil or coal -- could be used to meet some of the region's huge
power needs. Merrill Lynch says China alone holds nearly 30 trillion cubic
meters of methane gas, about three times the U.S. amount.
Coal-bed methane, already widely used in North America, accounts for about 10%
of U.S. natural-gas production. But Asia's methane stores have been largely
untapped because of logistics and extraction costs.
Now, high energy prices are making Asia's methane more attractive. New
technology and government incentives in China and India aimed at reducing
carbon emissions are also bringing down costs. And concerns about falling
supplies of traditional energy sources continue to boost the search for other
ones: Last week, both Exxon Mobil and Royal Dutch Shell reported declining oil
production.
"The basic fact is we're running out of conventional sources of oil and
natural gas," says Eric Nuttall, an analyst at Sprott Asset Management of
Toronto. "As companies seek out unconventional sources of natural gas, coal-bed
methane is the most viable."
The hedge-fund and mutual-fund manager holds more than $5 billion in assets
and owns shares of a Canadian-based methane company, Pacific Asia China Energy.
The Toronto-traded company has signed two production-sharing contracts with the
Chinese government and is negotiating others.
Major oil companies including Chevron and ConcocoPhilips have already locked
in exploration rights to methane projects in China. Numerous smaller companies
specializing in coal-bed-methane extraction have been forming partnerships in
China and India. Since many of these companies don't yet have commercial gas
sales, their share prices haven't run up the way those of many companies
producing other forms of alternative energy have.
Investing in methane carries plenty of risk. Some of the companies are small,
with thinly traded and volatile stocks. Also, China's highly regulated,
fragmented energy industry can create uncertainties. To participate in it,
foreign companies must partner with state-owned China United Coal Bed Methane.
It is unclear if plans to tap Asia's methane-gas stores will pan out.
Companies face fewer exploration risks than those looking for oil, as methane
usually is found where it is expected to be. But extracting the gas means
overcoming technical challenges that can raise costs and reduce the recoverable
volume.
"It's an educated gamble," says Sprott's Mr. Nuttall about companies' efforts.
"The question is, will they be able to extract methane at an economical rate?"
Some coal-bed-methane projects will have another revenue stream as the global
carbon market matures. Energy produced from methane gas generates lower carbon
emissions than coal. Analysts say that means companies may be able to sell
carbon credits, boosting revenue by up to 20%. Many European nations place caps
on the greenhouse gases companies can produce. Companies can offset their
emissions by buying carbon credits from developing-world projects that reduce
greenhouse-gas emissions.
"The carbon credits provide that extra incentive and can make these projects
commercially viable," says Shane Spurway, director of Asian carbon markets for
Fortis bank in Hong Kong.
Pacific Asia China Energy, or PACE, is still in the pilot phase of its first
project in Guizhou. Their geological and petroleum engineering consultant,
Sproule International of Calgary, has estimated that the company's first block
contains a "most likely case" methane-gas resource of 5.2 trillion cubic feet
"We know the gas is there," says Craig Christy, PACE spokesman. "Now we've got
to determine whether we can produce it commercially."
Mr. Nuttall estimates PACE could potentially produce about 1.8 trillion cubic
feet of methane from its first project. At today's prices, he says, that is a
value of close to $1 billion for a company whose market capitalization is about
$47 million. He is bullish on the prospects PACE, whose shares trade at about
47 U.S. cents.
PACE also hopes to develop a business to extract methane from coal mines
before miners go in. Methane -- the gas which famously kills canaries -- is the
source of dozens of fatal explosions in Chinese coal mines every year.
Hong Kong-based Green Dragon Gas, which listed on London's AIM stock exchange
a year ago, is one of the companies closest to commercial production. Merrill
Lynch says among foreign companies in China, Green Dragon has the largest
coal-bed-methane deposit and it has five production-sharing contracts providing
access to 18 trillion cubic feet of gas.
Energy-research firm Netherland, Sewell & Associates estimates the value of
Green Dragon's initial recoverable methane deposits at about $4.7 billion. The
company's market capitalization is about $600 million.
So far in 2007, Green Dragon's shares have been roughly flat, though they have
risen about 17% since the end of April. Some analysts think there is room for
growth. In London trading yesterday, its stock traded at $6.34. Shares of Green
Dragon are "relatively undervalued, because the market hasn't factored what
will happen when they start production," says David Yip, a utilities analyst at
Merrill Lynch in Hong Kong. "It represents the purest clean-energy play in
China."
Last week, London-listed Great Eastern Energy became the first company to
extract and sell coal-bed methane commercially in India. It is investing $150
million to drill a total of 103 wells in the state of Bengal. By some
estimates, India has the world's fourth-largest coal reserves. Analysts say the
Gurgaon, India-based firm has already moved beyond the riskiest phase of
exploration and pilot drilling and is moving into production.
Arden Partners, a London securities firm, has a "buy" on the stock. James
Elston, a director of the energy-research firm Palladian Energy -- who has
analyzed Great Eastern Energy on behalf of Arden -- estimates that the
company's net asset value is about 218 pence ($4.41) a share, based on analysis
of their recoverable methane reserves. The shares traded yesterday around 150
pence.
(END) Dow Jones Newswires
31-07-07 2130GMT
Copyright (c) 2007 Dow Jones & Company, Inc.
kann sein, dass ich nichts Neues poste. Bin vorher erst auf diesen Wert aufmerksam geworden und mein erster Eindruck ist, dass das eine interessante Story werden könnte.
WSJA(8/1) Heard In China: Methane A Potential Hot Energy Play
31.07.07 23:30:00- APIN
(From THE WALL STREET JOURNAL ASIA)
By Jane Spencer
Hong Kong -- MASSIVE STORES of methane gas buried deep inside Asia's coal beds
could be shaping up as the next hot energy play.
Trillions of cubic meters of clean-burning methane are trapped in Asia's coal
deposits. The gas -- which produces lower levels of air pollution and carbon
emissions than oil or coal -- could be used to meet some of the region's huge
power needs. Merrill Lynch says China alone holds nearly 30 trillion cubic
meters of methane gas, about three times the U.S. amount.
Coal-bed methane, already widely used in North America, accounts for about 10%
of U.S. natural-gas production. But Asia's methane stores have been largely
untapped because of logistics and extraction costs.
Now, high energy prices are making Asia's methane more attractive. New
technology and government incentives in China and India aimed at reducing
carbon emissions are also bringing down costs. And concerns about falling
supplies of traditional energy sources continue to boost the search for other
ones: Last week, both Exxon Mobil and Royal Dutch Shell reported declining oil
production.
"The basic fact is we're running out of conventional sources of oil and
natural gas," says Eric Nuttall, an analyst at Sprott Asset Management of
Toronto. "As companies seek out unconventional sources of natural gas, coal-bed
methane is the most viable."
The hedge-fund and mutual-fund manager holds more than $5 billion in assets
and owns shares of a Canadian-based methane company, Pacific Asia China Energy.
The Toronto-traded company has signed two production-sharing contracts with the
Chinese government and is negotiating others.
Major oil companies including Chevron and ConcocoPhilips have already locked
in exploration rights to methane projects in China. Numerous smaller companies
specializing in coal-bed-methane extraction have been forming partnerships in
China and India. Since many of these companies don't yet have commercial gas
sales, their share prices haven't run up the way those of many companies
producing other forms of alternative energy have.
Investing in methane carries plenty of risk. Some of the companies are small,
with thinly traded and volatile stocks. Also, China's highly regulated,
fragmented energy industry can create uncertainties. To participate in it,
foreign companies must partner with state-owned China United Coal Bed Methane.
It is unclear if plans to tap Asia's methane-gas stores will pan out.
Companies face fewer exploration risks than those looking for oil, as methane
usually is found where it is expected to be. But extracting the gas means
overcoming technical challenges that can raise costs and reduce the recoverable
volume.
"It's an educated gamble," says Sprott's Mr. Nuttall about companies' efforts.
"The question is, will they be able to extract methane at an economical rate?"
Some coal-bed-methane projects will have another revenue stream as the global
carbon market matures. Energy produced from methane gas generates lower carbon
emissions than coal. Analysts say that means companies may be able to sell
carbon credits, boosting revenue by up to 20%. Many European nations place caps
on the greenhouse gases companies can produce. Companies can offset their
emissions by buying carbon credits from developing-world projects that reduce
greenhouse-gas emissions.
"The carbon credits provide that extra incentive and can make these projects
commercially viable," says Shane Spurway, director of Asian carbon markets for
Fortis bank in Hong Kong.
Pacific Asia China Energy, or PACE, is still in the pilot phase of its first
project in Guizhou. Their geological and petroleum engineering consultant,
Sproule International of Calgary, has estimated that the company's first block
contains a "most likely case" methane-gas resource of 5.2 trillion cubic feet
"We know the gas is there," says Craig Christy, PACE spokesman. "Now we've got
to determine whether we can produce it commercially."
Mr. Nuttall estimates PACE could potentially produce about 1.8 trillion cubic
feet of methane from its first project. At today's prices, he says, that is a
value of close to $1 billion for a company whose market capitalization is about
$47 million. He is bullish on the prospects PACE, whose shares trade at about
47 U.S. cents.
PACE also hopes to develop a business to extract methane from coal mines
before miners go in. Methane -- the gas which famously kills canaries -- is the
source of dozens of fatal explosions in Chinese coal mines every year.
Hong Kong-based Green Dragon Gas, which listed on London's AIM stock exchange
a year ago, is one of the companies closest to commercial production. Merrill
Lynch says among foreign companies in China, Green Dragon has the largest
coal-bed-methane deposit and it has five production-sharing contracts providing
access to 18 trillion cubic feet of gas.
Energy-research firm Netherland, Sewell & Associates estimates the value of
Green Dragon's initial recoverable methane deposits at about $4.7 billion. The
company's market capitalization is about $600 million.
So far in 2007, Green Dragon's shares have been roughly flat, though they have
risen about 17% since the end of April. Some analysts think there is room for
growth. In London trading yesterday, its stock traded at $6.34. Shares of Green
Dragon are "relatively undervalued, because the market hasn't factored what
will happen when they start production," says David Yip, a utilities analyst at
Merrill Lynch in Hong Kong. "It represents the purest clean-energy play in
China."
Last week, London-listed Great Eastern Energy became the first company to
extract and sell coal-bed methane commercially in India. It is investing $150
million to drill a total of 103 wells in the state of Bengal. By some
estimates, India has the world's fourth-largest coal reserves. Analysts say the
Gurgaon, India-based firm has already moved beyond the riskiest phase of
exploration and pilot drilling and is moving into production.
Arden Partners, a London securities firm, has a "buy" on the stock. James
Elston, a director of the energy-research firm Palladian Energy -- who has
analyzed Great Eastern Energy on behalf of Arden -- estimates that the
company's net asset value is about 218 pence ($4.41) a share, based on analysis
of their recoverable methane reserves. The shares traded yesterday around 150
pence.
(END) Dow Jones Newswires
31-07-07 2130GMT
Copyright (c) 2007 Dow Jones & Company, Inc.
Hier mal zwei Artikel über Coal Bed Methane
Coal Bed Methane
von Miriam Kraus
Liebe Leser,
gestern beschäftigten wir uns mit der Frage nach einer Energiealternative und einer Antwort namens Grubengas.
Sie mögen sich erinnern: Bei Grubengas handelt es sich um ein Methangas, welches sich im Laufe der Erdgeschichte während der Entstehungszeit der Kohle aus Kohlenstoff und Wasserstoff entwickelte und bis heute als Flözgas in den Kohleschichtenvorhanden ist.
Im Laufe der Entwicklung des Kohlebergbaus kommt es allerdings aufgrund der Druckreduzierung zur Freisetzung des Gases.Zur Verhinderung der unkontrollierten Freisetzung hat man in Deutschland inzwischen begonnen, das Gas zur Energiegewinnung zu nutzen. Dieses aus stillgelegten Gruben gewonnene Gas bezeichnet man als coal mine methane (CMM). Es enthält einen Methangasanteil von unter 90 %. In Deutschland sind neben dem gestern genannten Projekt, noch weitere Grubengasgewinnungsanlagen entstanden. Diese können pro Anlage eine elektrische Leistung von bis zu 4 MW, sowie eine thermische Leistung von jeweils zusätzlich bis zu 5 MW erzeugen.
CBM kann in das herkömmliche Erdgasnetz eingespeist werden
Noch effizienter allerdings ist das so genannte CBM (coal bed methane).
Dieses Grubengas wird aus unverritzten Kohleflözen gewonnen. Es handelt sich also um ein Methangas, welches aus Kohlevorkommen gewonnen wird, die noch nicht in der Kohleförderung sind. Also noch unerschlossene Vorkommen.
Seine Besonderheit besteht darin, dass sein Methananteil bei über 90 % liegt und damit in das herkömmliche Erdgasnetz eingespeist werden kann. In den USA wird das Verfahren zur Gewinnung dieses Methangases bereits in größerem Umfang mit Erfolg angewendet. Dort werden bereits Mikroturbinen hergestellt, zur Umwandlung von Methangas in Energie. Ebenfalls gibt es Pläne zur Antriebsnutzung von Methangasbetriebenen Kraftwagen. Dazu morgen noch mehr…
Indonesien
Die indonesische Regierung preist bereits seit einiger Zeit die Nutzung des Flözgases, als Energiealternative zum Erdöl an.
Kein Wunder, denn Indonesien hält etwa 45,3 Billionen Kubikfuß an Coal Bed Methane Reserven.
Das entspricht der doppelten Menge an Erdgasreserven des Landes.
Entsprechende Pläne der indonesischen Regierung sehen den Bau von Kraftwerken zur Nutzung des Methangases vor.
Kein Wunder, dass neben dem größten indonesischen Gaskonzern, welcher bereits im letzten Jahr Pläne zur Entwicklung eines Coal Bed Methane Projekts bekannt gab, inzwischen noch weitere nach ziehen.
Erst im Juli gaben zwei weitere indonesische Energiekonzerne Pläne zur Entwicklung eines CBM Projekts in der Provinz Sumatra bekannt. Das Projekt soll im Jahr 2010 in Förderung gehen, mit einer Kapazität von zunächst 10 Millionen Kubikfuß pro Tag.
Auch Royal Dutch Shell und die australische Santos zeigen sich interessiert an Indonesiens CBM Vorkommen.
Auch China zieht nach mit einem Deregulierungsprozess des Marktes
von Miriam Kraus
In China lagern etwa 37 Billionen Kubikmeter an CBM Reserven.
Damit hält China die drittgrößten CBM Reserven der Welt. Kein Wunder, vergessen Sie nicht China hält mit einem Anteil von 12% auch die drittgrößten Kohlevorkommen der Welt.
Noch immer ist Kohle in China Energieträger Nummer 1 zur Stromgewinnung.
Bislang wurden in China landesweit, mehr als 600 Bohrlöcher zur Exploration von CBM gesetzt.
Fast alle Projekte wurden bislang durch den chinesischen Monopolisten CUCMC durchgeführt.
Doch das soll sich jetzt ändern….
China öffnet die Tore für Ausländer
Erst im September entschied sich Peking dafür die bisherigen Regularien für die Gasexploration zu lockern.
Künftig dürfen chinesische Unternehmen verstärkt Joint Ventures und Kooperationsverträge für die gemeinschaftliche Exploration und den Abbau der chinesischen Gasvorkommen schließen. Dies gilt natürlich auch für den Abbau der CBM Vorkommen.
Dieser Schritt kommt allerdings nicht von ungefähr. Das unglaublich Energierohstoffhungrige China, wird voraussichtlich bis zum Jahr 2010 ein Angebotsdefizit von bis zu 60 Milliarden Kubikmeter an Erdgas aufweisen.
Es heißt also in China jetzt, etwas dagegen zu tun. Auf alternative Möglichkeiten zurückgreifen….und sei es durch ausländische Konzerne!
Dies ist besonders für die CBM Produktion entscheidend, da nun verstärkt Geldmittel fließen und in neue Technologien investiert wird.
Schnell wie alles in China, erhielten kurz nach Beginn des Deregulierungsprozesses CUCMC und Asia American Gas sogleich die Lizenz für die gemeinschaftliche Entwicklung eines CBM Vorkommens in der Shanxi Provinz, mit einer Jahresproduktion von über 500 Millionen Kubikmeter an Gas.
Die Asiaten haben es erkannt! CBM ist eine der wohl wichtigsten Energiequellen des 21. Jahrhunderts.
Aber sie sind nicht die Einzigen, wie das Beispiel der USA beweist. Dazu morgen noch mehr..
So long liebe Leser….wer weiß, vielleicht wird in 20 Jahren ein „Brian Hunter Junior“ einen Hedge Fonds fast in den Ruin treiben, weil er dann in Methangaskontrakten zum falschen Zeitpunkt auf steigende Preise setzt….sie erinnern sich bestimmt an das Amaranth Debakel vom letzten Jahr….aber so schlimm war es für Hunter ja nicht, gründete er doch im März mit Solengo Capital gleich einen neuen Fonds und fand erneut Menschen, die ihm ihr Geld anvertrauten….that’s life!
Ihre Miriam Kraus
Coal Bed Methane
von Miriam Kraus
Liebe Leser,
gestern beschäftigten wir uns mit der Frage nach einer Energiealternative und einer Antwort namens Grubengas.
Sie mögen sich erinnern: Bei Grubengas handelt es sich um ein Methangas, welches sich im Laufe der Erdgeschichte während der Entstehungszeit der Kohle aus Kohlenstoff und Wasserstoff entwickelte und bis heute als Flözgas in den Kohleschichtenvorhanden ist.
Im Laufe der Entwicklung des Kohlebergbaus kommt es allerdings aufgrund der Druckreduzierung zur Freisetzung des Gases.Zur Verhinderung der unkontrollierten Freisetzung hat man in Deutschland inzwischen begonnen, das Gas zur Energiegewinnung zu nutzen. Dieses aus stillgelegten Gruben gewonnene Gas bezeichnet man als coal mine methane (CMM). Es enthält einen Methangasanteil von unter 90 %. In Deutschland sind neben dem gestern genannten Projekt, noch weitere Grubengasgewinnungsanlagen entstanden. Diese können pro Anlage eine elektrische Leistung von bis zu 4 MW, sowie eine thermische Leistung von jeweils zusätzlich bis zu 5 MW erzeugen.
CBM kann in das herkömmliche Erdgasnetz eingespeist werden
Noch effizienter allerdings ist das so genannte CBM (coal bed methane).
Dieses Grubengas wird aus unverritzten Kohleflözen gewonnen. Es handelt sich also um ein Methangas, welches aus Kohlevorkommen gewonnen wird, die noch nicht in der Kohleförderung sind. Also noch unerschlossene Vorkommen.
Seine Besonderheit besteht darin, dass sein Methananteil bei über 90 % liegt und damit in das herkömmliche Erdgasnetz eingespeist werden kann. In den USA wird das Verfahren zur Gewinnung dieses Methangases bereits in größerem Umfang mit Erfolg angewendet. Dort werden bereits Mikroturbinen hergestellt, zur Umwandlung von Methangas in Energie. Ebenfalls gibt es Pläne zur Antriebsnutzung von Methangasbetriebenen Kraftwagen. Dazu morgen noch mehr…
Indonesien
Die indonesische Regierung preist bereits seit einiger Zeit die Nutzung des Flözgases, als Energiealternative zum Erdöl an.
Kein Wunder, denn Indonesien hält etwa 45,3 Billionen Kubikfuß an Coal Bed Methane Reserven.
Das entspricht der doppelten Menge an Erdgasreserven des Landes.
Entsprechende Pläne der indonesischen Regierung sehen den Bau von Kraftwerken zur Nutzung des Methangases vor.
Kein Wunder, dass neben dem größten indonesischen Gaskonzern, welcher bereits im letzten Jahr Pläne zur Entwicklung eines Coal Bed Methane Projekts bekannt gab, inzwischen noch weitere nach ziehen.
Erst im Juli gaben zwei weitere indonesische Energiekonzerne Pläne zur Entwicklung eines CBM Projekts in der Provinz Sumatra bekannt. Das Projekt soll im Jahr 2010 in Förderung gehen, mit einer Kapazität von zunächst 10 Millionen Kubikfuß pro Tag.
Auch Royal Dutch Shell und die australische Santos zeigen sich interessiert an Indonesiens CBM Vorkommen.
Auch China zieht nach mit einem Deregulierungsprozess des Marktes
von Miriam Kraus
In China lagern etwa 37 Billionen Kubikmeter an CBM Reserven.
Damit hält China die drittgrößten CBM Reserven der Welt. Kein Wunder, vergessen Sie nicht China hält mit einem Anteil von 12% auch die drittgrößten Kohlevorkommen der Welt.
Noch immer ist Kohle in China Energieträger Nummer 1 zur Stromgewinnung.
Bislang wurden in China landesweit, mehr als 600 Bohrlöcher zur Exploration von CBM gesetzt.
Fast alle Projekte wurden bislang durch den chinesischen Monopolisten CUCMC durchgeführt.
Doch das soll sich jetzt ändern….
China öffnet die Tore für Ausländer
Erst im September entschied sich Peking dafür die bisherigen Regularien für die Gasexploration zu lockern.
Künftig dürfen chinesische Unternehmen verstärkt Joint Ventures und Kooperationsverträge für die gemeinschaftliche Exploration und den Abbau der chinesischen Gasvorkommen schließen. Dies gilt natürlich auch für den Abbau der CBM Vorkommen.
Dieser Schritt kommt allerdings nicht von ungefähr. Das unglaublich Energierohstoffhungrige China, wird voraussichtlich bis zum Jahr 2010 ein Angebotsdefizit von bis zu 60 Milliarden Kubikmeter an Erdgas aufweisen.
Es heißt also in China jetzt, etwas dagegen zu tun. Auf alternative Möglichkeiten zurückgreifen….und sei es durch ausländische Konzerne!
Dies ist besonders für die CBM Produktion entscheidend, da nun verstärkt Geldmittel fließen und in neue Technologien investiert wird.
Schnell wie alles in China, erhielten kurz nach Beginn des Deregulierungsprozesses CUCMC und Asia American Gas sogleich die Lizenz für die gemeinschaftliche Entwicklung eines CBM Vorkommens in der Shanxi Provinz, mit einer Jahresproduktion von über 500 Millionen Kubikmeter an Gas.
Die Asiaten haben es erkannt! CBM ist eine der wohl wichtigsten Energiequellen des 21. Jahrhunderts.
Aber sie sind nicht die Einzigen, wie das Beispiel der USA beweist. Dazu morgen noch mehr..
So long liebe Leser….wer weiß, vielleicht wird in 20 Jahren ein „Brian Hunter Junior“ einen Hedge Fonds fast in den Ruin treiben, weil er dann in Methangaskontrakten zum falschen Zeitpunkt auf steigende Preise setzt….sie erinnern sich bestimmt an das Amaranth Debakel vom letzten Jahr….aber so schlimm war es für Hunter ja nicht, gründete er doch im März mit Solengo Capital gleich einen neuen Fonds und fand erneut Menschen, die ihm ihr Geld anvertrauten….that’s life!
Ihre Miriam Kraus
der aktuelle Q-Bericht ist online:
Finanzteil
http://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=…
M%A
http://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=…
Finanzteil
http://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=…
M%A
http://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=…
Hmmm bin drin aber nicht zufrieden wer weiß was wie gehts weiter
würd mich freuen über aktuelle Info
Nov 29, 2007
PACIFIC ASIA CHINA ENERGY is pleased to announce that it has completed drilling operations at its Guizhou CBM pilot test project located in south-central China. Three vertical pilot test wells ZY-04-1, ZY-04-2, and ZY-04-3 have been completed and logged. At the third well, where drilling has just been completed, 12 coal seams greater than 1m thick were identified. A fracc stimulation contract has been signed, and is expected to begin by mid-December. Several coal seams are being targeted. An extended production test program to determine sustainable gas flow rates will follow. The pilot production test will enable the Company to model an expected production profile and prepare a NI-51-101 compliant reserve calculation. Complete test results are expected by the end of the first calendar quarter of 2008. Interim results will be announced when available.
At the Lohan block, located north of the pilot project area, core well exploration has begun. The first exploration hole, LH-01, has reached a depth of 987m. It is expected to be completed in early December. Two additional core wells are planned (See news release, October 4, 2007).
http://biz.yahoo.com/iw/071129/0333898.html
PACIFIC ASIA CHINA ENERGY is pleased to announce that it has completed drilling operations at its Guizhou CBM pilot test project located in south-central China. Three vertical pilot test wells ZY-04-1, ZY-04-2, and ZY-04-3 have been completed and logged. At the third well, where drilling has just been completed, 12 coal seams greater than 1m thick were identified. A fracc stimulation contract has been signed, and is expected to begin by mid-December. Several coal seams are being targeted. An extended production test program to determine sustainable gas flow rates will follow. The pilot production test will enable the Company to model an expected production profile and prepare a NI-51-101 compliant reserve calculation. Complete test results are expected by the end of the first calendar quarter of 2008. Interim results will be announced when available.
At the Lohan block, located north of the pilot project area, core well exploration has begun. The first exploration hole, LH-01, has reached a depth of 987m. It is expected to be completed in early December. Two additional core wells are planned (See news release, October 4, 2007).
http://biz.yahoo.com/iw/071129/0333898.html
Massive stores of methane gas buried deep inside Asia s coal beds could be shaping up as the next hot energy play.
Trillions of cubic meters of clean-burning methane are trapped in Asia s coal deposits. The gas — which produces lower levels of air pollution and carbon emissions than oil or coal — could be used to meet some of the region s huge power needs. Merrill Lynch says China alone holds nearly 30 trillion cubic meters of methane gas, about three times the U.S. amount.
Coal-bed methane, already widely used in North America, accounts for about 10% of U.S. natural-gas production. But Asia s methane stores have been largely untapped because of logistics and extraction costs.
Now, high-energy prices are making Asia s methane more attractive. New technology and government incentives in China and India aimed at reducing carbon emissions are also bringing down costs. And concerns about falling supplies of traditional energy sources continue to boost the search for other ones: Last week, both Exxon Mobil and Royal Dutch Shell reported declining oil production.
“The basic fact is we re running out of conventional sources of oil and natural gas,” says Eric Nuttall, an analyst at Sprott Asset Management of Toronto. “As companies seek out unconventional sources of natural gas, coal-bed methane is the most viable.”
The hedge-fund and mutual-fund manager holds more than $5 billion in assets and owns shares of a Canadian-based methane company, Pacific Asia China Energy. The Toronto-traded company has signed two production-sharing contracts with the Chinese government and is negotiating others.
Major oil companies including Chevron and ConcocoPhilips have already locked in exploration rights to methane projects in China. Numerous smaller companies specializing in coal-bed-methane extraction have been forming partnerships in China and India. Since many of these companies don t yet have commercial gas sales, their share prices haven t run up the way those of many companies producing other forms of alternative energy have.
Investing in methane carries plenty of risk. Some of the companies are small, with thinly traded and volatile stocks. Also, China s highly regulated, fragmented energy industry can create uncertainties. To participate in it, foreign companies must partner with state-owned China United Coal Bed Methane.
It is unclear if plans to tap Asia s methane-gas stores will pan out. Companies face fewer exploration risks than those looking for oil, as methane usually is found where it is expected to be. But extracting the gas means overcoming technical challenges that can raise costs and reduce the recoverable volume.
“It s an educated gamble,” says Sprott s Mr. Nuttall about companies efforts. “The question is, will they be able to extract methane at an economical rate?”
Some coal-bed-methane projects will have another revenue stream as the global carbon market matures. Energy produced from methane gas generates lower carbon emissions than coal. Analysts say that means companies may be able to sell carbon credits, boosting revenue by up to 20%. Many European nations place caps on the greenhouse gases companies can produce. Companies can offset their emissions by buying carbon credits from developing-world projects that reduce greenhouse-gas emissions.
“The carbon credits provide that extra incentive and can make these projects commercially viable,” says Shane Spurway, director of Asian carbon markets for Fortis bank in Hong Kong.
Pacific Asia China Energy, or PACE, is still in the pilot phase of its first project in Guizhou. Their geological and petroleum engineering consultant, Sproule International of Calgary, has estimated that the company s first block contains a “most likely case” methane-gas resource of 5.2 trillion cubic feet “We know the gas is there,” says Craig Christy, PACE spokesman. “Now we ve got to determine whether we can produce it commercially.”
Mr. Nuttall estimates PACE could potentially produce about 1.8 trillion cubic feet of methane from its first project. At today s prices, he says, that is a value of close to $1 billion for a company whose market capitalization is about $47 million. He is bullish on the prospects PACE, whose shares trade at about 47 U.S. cents.
PACE also hopes to develop a business to extract methane from coal mines before miners go in. Methane the gas which famously kills canaries — is the source of dozens of fatal explosions in Chinese coal mines every year.
Hong Kong-based Green Dragon Gas, which listed on London s AIM stock exchange a year ago, is one of the companies closest to commercial production. Merrill Lynch says among foreign companies in China, Green Dragon has the largest coal-bed-methane deposit and it has five production-sharing contracts providing access to 18 trillion cubic feet of gas.
Energy-research firm Netherland, Sewell & Associates estimates the value of Green Dragon s initial recoverable methane deposits at about $4.7 billion. The company s market capitalization is about $600 million. So far in 2007, Green Dragon s shares have been roughly flat, though they have risen about 17% since the end of April. Some analysts think there is room for growth. In London trading yesterday, its stock traded at $6.34. Shares of Green Dragon are “relatively undervalued, because the market hasn t factored what will happen when they start production,” says David Yip, a utilities analyst at Merrill Lynch in Hong Kong. “It represents the purest clean-energy play in China.”
Last week, London-listed Great Eastern Energy became the first company to extract and sell coal-bed methane commercially in India. It is investing $150 million to drill a total of 103 wells in the state of Bengal. By some estimates, India has the world s fourth-largest coal reserves. Analysts say the Gurgaon, India-based firm has already moved beyond the riskiest phase of exploration and pilot drilling and is moving into production.
Arden Partners, a London securities firm, has a “buy” on the stock. James Elston, a director of the energy research firm Palladian Energy — who has analyzed Great Eastern Energy on behalf of Arden — estimates that the company s net asset value is about 218 pence ($4.41) a share, based on analysis of their recoverable methane reserves. The shares traded yesterday around 150 pence.
About GEECL:
Great Eastern Energy Corporation Ltd(GEECL) is the first Private Sector Company in India that entered this field. It is a part of the YKM Holdings Group. In December 2005, GEECL became the first Indian Company to be listed on the London Stock Exchange s Alternative Investment Market (AIM). The company is run by Yogendra Kumar Modi, the Executive Chairman and Managing Director. The senior management of GEECL include Mr. Prashant Modi, President & Chief Operating Officer.
http://news.businesslouis.net/2008/01/28/asian-coal-bed-meth…
Trillions of cubic meters of clean-burning methane are trapped in Asia s coal deposits. The gas — which produces lower levels of air pollution and carbon emissions than oil or coal — could be used to meet some of the region s huge power needs. Merrill Lynch says China alone holds nearly 30 trillion cubic meters of methane gas, about three times the U.S. amount.
Coal-bed methane, already widely used in North America, accounts for about 10% of U.S. natural-gas production. But Asia s methane stores have been largely untapped because of logistics and extraction costs.
Now, high-energy prices are making Asia s methane more attractive. New technology and government incentives in China and India aimed at reducing carbon emissions are also bringing down costs. And concerns about falling supplies of traditional energy sources continue to boost the search for other ones: Last week, both Exxon Mobil and Royal Dutch Shell reported declining oil production.
“The basic fact is we re running out of conventional sources of oil and natural gas,” says Eric Nuttall, an analyst at Sprott Asset Management of Toronto. “As companies seek out unconventional sources of natural gas, coal-bed methane is the most viable.”
The hedge-fund and mutual-fund manager holds more than $5 billion in assets and owns shares of a Canadian-based methane company, Pacific Asia China Energy. The Toronto-traded company has signed two production-sharing contracts with the Chinese government and is negotiating others.
Major oil companies including Chevron and ConcocoPhilips have already locked in exploration rights to methane projects in China. Numerous smaller companies specializing in coal-bed-methane extraction have been forming partnerships in China and India. Since many of these companies don t yet have commercial gas sales, their share prices haven t run up the way those of many companies producing other forms of alternative energy have.
Investing in methane carries plenty of risk. Some of the companies are small, with thinly traded and volatile stocks. Also, China s highly regulated, fragmented energy industry can create uncertainties. To participate in it, foreign companies must partner with state-owned China United Coal Bed Methane.
It is unclear if plans to tap Asia s methane-gas stores will pan out. Companies face fewer exploration risks than those looking for oil, as methane usually is found where it is expected to be. But extracting the gas means overcoming technical challenges that can raise costs and reduce the recoverable volume.
“It s an educated gamble,” says Sprott s Mr. Nuttall about companies efforts. “The question is, will they be able to extract methane at an economical rate?”
Some coal-bed-methane projects will have another revenue stream as the global carbon market matures. Energy produced from methane gas generates lower carbon emissions than coal. Analysts say that means companies may be able to sell carbon credits, boosting revenue by up to 20%. Many European nations place caps on the greenhouse gases companies can produce. Companies can offset their emissions by buying carbon credits from developing-world projects that reduce greenhouse-gas emissions.
“The carbon credits provide that extra incentive and can make these projects commercially viable,” says Shane Spurway, director of Asian carbon markets for Fortis bank in Hong Kong.
Pacific Asia China Energy, or PACE, is still in the pilot phase of its first project in Guizhou. Their geological and petroleum engineering consultant, Sproule International of Calgary, has estimated that the company s first block contains a “most likely case” methane-gas resource of 5.2 trillion cubic feet “We know the gas is there,” says Craig Christy, PACE spokesman. “Now we ve got to determine whether we can produce it commercially.”
Mr. Nuttall estimates PACE could potentially produce about 1.8 trillion cubic feet of methane from its first project. At today s prices, he says, that is a value of close to $1 billion for a company whose market capitalization is about $47 million. He is bullish on the prospects PACE, whose shares trade at about 47 U.S. cents.
PACE also hopes to develop a business to extract methane from coal mines before miners go in. Methane the gas which famously kills canaries — is the source of dozens of fatal explosions in Chinese coal mines every year.
Hong Kong-based Green Dragon Gas, which listed on London s AIM stock exchange a year ago, is one of the companies closest to commercial production. Merrill Lynch says among foreign companies in China, Green Dragon has the largest coal-bed-methane deposit and it has five production-sharing contracts providing access to 18 trillion cubic feet of gas.
Energy-research firm Netherland, Sewell & Associates estimates the value of Green Dragon s initial recoverable methane deposits at about $4.7 billion. The company s market capitalization is about $600 million. So far in 2007, Green Dragon s shares have been roughly flat, though they have risen about 17% since the end of April. Some analysts think there is room for growth. In London trading yesterday, its stock traded at $6.34. Shares of Green Dragon are “relatively undervalued, because the market hasn t factored what will happen when they start production,” says David Yip, a utilities analyst at Merrill Lynch in Hong Kong. “It represents the purest clean-energy play in China.”
Last week, London-listed Great Eastern Energy became the first company to extract and sell coal-bed methane commercially in India. It is investing $150 million to drill a total of 103 wells in the state of Bengal. By some estimates, India has the world s fourth-largest coal reserves. Analysts say the Gurgaon, India-based firm has already moved beyond the riskiest phase of exploration and pilot drilling and is moving into production.
Arden Partners, a London securities firm, has a “buy” on the stock. James Elston, a director of the energy research firm Palladian Energy — who has analyzed Great Eastern Energy on behalf of Arden — estimates that the company s net asset value is about 218 pence ($4.41) a share, based on analysis of their recoverable methane reserves. The shares traded yesterday around 150 pence.
About GEECL:
Great Eastern Energy Corporation Ltd(GEECL) is the first Private Sector Company in India that entered this field. It is a part of the YKM Holdings Group. In December 2005, GEECL became the first Indian Company to be listed on the London Stock Exchange s Alternative Investment Market (AIM). The company is run by Yogendra Kumar Modi, the Executive Chairman and Managing Director. The senior management of GEECL include Mr. Prashant Modi, President & Chief Operating Officer.
http://news.businesslouis.net/2008/01/28/asian-coal-bed-meth…
DurchsuchenBeitrag zu dieser Diskussion schreiben
Zu dieser Diskussion können keine Beiträge mehr verfasst werden, da der letzte Beitrag vor mehr als zwei Jahren verfasst wurde und die Diskussion daraufhin archiviert wurde.
Bitte wenden Sie sich an feedback@wallstreet-online.de und erfragen Sie die Reaktivierung der Diskussion oder starten Sie eine neue Diskussion.
Meistdiskutiert
| Wertpapier | Beiträge | |
|---|---|---|
| 63 | ||
| 54 | ||
| 46 | ||
| 38 | ||
| 21 | ||
| 14 | ||
| 12 | ||
| 12 | ||
| 11 | ||
| 10 |
| Wertpapier | Beiträge | |
|---|---|---|
| 9 | ||
| 8 | ||
| 7 | ||
| 7 | ||
| 7 | ||
| 6 | ||
| 6 | ||
| 6 | ||
| 6 | ||
| 5 |
