Company Information for Alkane Energy Plc

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AIM; ALK View full financial data

Company Statement

Alkane is a profitable 'Gas to Power' energy company that captures Coal Mine Methane (CMM) and uses it as fuel for electricity generation and industrial heating.

Alkane is a world leader in the capture of CMM and its use as a valuable green energy source. Its power plants contribute to the UK’s efforts to reduce the rate of climate change caused by greenhouse gas. One tonne of methane captured is equivalent to 23 tonnes of carbon dioxide in term of a greenhouse pollutant. 

Operations and Technology

Alkane operated more than ten sites as of December 2009 which provided some dedicated gas sales and fuel for electricity generation. For 2009 Alkane reported production of 95GWh (2008:91GWh). This equates to 18-20 MW of capacity. The company expected to roll out more sites in 2010 and had a target of capacity of 50 MWh in the medium term. The company as of December 2009 had  643.75 km2 under licence and its reserves were estimated at 4,408 million m3 (3P). In addition Alkane holds a number of coal bed methane (CBM) prospects.

In December 2009 Alkane announced a collaboration agreement with TEG Group, an AIM listed green technology company, which develops and operates organic composting and energy plants. As partners, Alkane and TEG will jointly bid for a range of anaerobic digestion facilities where TEG will provide waste contract and management services and Alkane will provide gas to power capabilities.

Board of Directors and Key Management

Neil O'Brien	Chief Executive Officer
Joseph Darby	Non-Executive Director
David Oldham	Technical Director
Stephen Goalby	Finance Director
John Lander	Chairman
Julia Henderson	Non-Executive Director

Company Address Edwinstowe House Edwinstowe, Northamptonshire, United Kingdom NG21 9PR Telephone: +44 (0) 1623 827927 Facsimile: +44 (0) 1623 827930 Website: http://www.alkane.co.uk

Capital Number of Ordinary shares in issue; 92,883,878 Number of shares not held in public hands; 32,724,778 (35.53%)

Nominated Advisors NOMAD Brewin Dolphin Securities Ltd 34 Lisbon Street Leeds LS1 4LX

Major Shareholders

Gartmore Investment Limited	26,074,997	28.07%
W C Davies	3,895,832	4.2%

Related News

16/03/10 - Alternative Power Producer Alkane Energy Announces New Ventures Utilising Core Gas-To-Energy Skills.
29/12/09 - Alkane Energy Announces An Intriguing Collaboration in A New Area Along With Its Trading Update
22/09/09 - Alternative Energy Producer Alkane Energy Makes Good Progress In Expanding Its Power Generation Capacity Using Coal Mine Methane
03/03/09 - Alternative Energy Producer Alkane Energy Sells Its Investment In Germany’s Pro2 To Concentrate On Its UK Coal Mine Methane Plants In the UK
29/01/09 - Analyst Says That Alternative Power Supplier Alkane Energy Should See Revenue And Profits Firmly On The Up In 2009

Most Recent Statement

10/03/10 - Preliminary Results
21/12/09 - Trading Update Apointment of NED & Collaboration
02/11/09 - Alkane Signs Tolling Contract with GDF SUEZ
27/07/09 - Holding(s) in Company
15/07/09 - Operations Update
06/05/09 - AGM Statement