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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Prometheus Regs | LSE:PEC | London | Ordinary Share | COM SHS NPV (REGS) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4235W Prometheus Energy Co 11 May 2007 11 May 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN. Neither this announcement nor any copy of it may be taken, transmitted or distributed, directly or indirectly, in or into the United States, Canada, Australia, the Republic of Ireland, the Republic of South Africa or Japan. Any failure to comply with this restriction may constitute a violation of United States, Canadian, Australian, Republic of South Africa, Republic of Ireland or Japanese securities laws. Prometheus Energy Company ("Prometheus" or the "Company") Update on LNG production at Bowerman Enerflex to manufacture Prometheus Systems Following its announcement on 22 January, 2007, Prometheus Energy Company, an alternative and renewable energy company, provides further information on progress towards the full commissioning of the world's first landfill-to-liquid natural gas ("LNG") plant at the Frank R. Bowerman Landfill in Orange County, California. After installation in late 2006, the plant first started to produce LNG in January this year. On January 22 the Company announced that the plant had produced LNG at the rate of 1,000 gallons per day and that the Company envisaged a commissioning process continuing towards the plant's nameplate capacity of 5,000 gallons per day. During this process, the Company confirmed the ability of the plant to produce high quality LNG from a waste stream of landfill gas. The Company also determined that some modifications would be necessary for the plant to achieve full, continuous, capacity. Those modifications have nearly been completed and the plant is again producing high quality LNG continuously. The Company's ongoing commissioning process is now focused on increasing production towards nameplate capacity, which it expects to achieve by the end of the summer. Separately, Prometheus has engaged Enerflex Systems, Ltd. ("Enerflex") to manufacture its proprietary purification and liquefaction systems. Under the agreement, Enerflex also will provide engineering services for Prometheus. The first project will be to fabricate the additional landfill gas-to-LNG systems needed both for the expansion of the Bowerman Landfill and for the Kiefer Road Landfill in Sacramento, California. Enerflex also will work on a coal mine methane-to-LNG system that will be installed on the site of the Krupinski coalmine near Krakow, Poland. Work on the projects will start immediately. Enerflex is a leading provider of products and services to companies in the global oil and natural gas production business, and has developed particular expertise in the design and fabrication of integrated and modularised gas processing equipment. ENDS Prometheus Energy Company +1 206 267 0800 Kirt Montague (Chief Executive Officer) Jeff Spencer (Chief Financial Officer) Jefferies International Limited +44 20 7618 3676 Charles Cameron Frederic Paternot Oliver Griffiths Cubitt Consulting +44 20 7367 5100 Simon Brocklebank- Fowler Michael Henman Allison Reid Notes to editors: Prometheus Energy Company is a public corporation with its shares traded on the London Stock Exchange's AIM market. It is headquartered in Seattle, Washington. Prometheus is a global alternative and renewable fuel company, specializing in the production, distribution, and sale of liquid natural gas (LNG) from low-cost waste and stranded sources of methane. The Company is an emerging leader in distributed fuel production, integrating small-scale purification and liquefaction systems that generate fuel near the end-user. For more information concerning Prometheus please contact us at +1 206 267-0800 or at Info@Prometheus-Energy.com Jefferies International Limited, which is authorised and regulated by the Financial Services Authority, is acting for the Company and no other person in connection with this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Jefferies International Limited nor for advising any other person on the contents of this announcement or any matters described in this announcement. This announcement does not constitute an offer to purchase or subscribe for securities. This announcement and the information contained herein is restricted and is not for publication, distribution or release in whole or in part in the United States. This information is provided by RNS The company news service from the London Stock Exchange END MSCGGGMKLGZGNZM
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