EDE - Eden Innovations

[Mad Mel]

Re: EDE - Eden Energy

One thing that catches my interest is that they are supposed to get US EPA certification for some specific Hythane/diesel blend trucks in April, allowing the vehicles to be marketed and sold publicly in California. It could drive some interest in their technology.

According to their recent release, there are cost savings in the operation of diesel engines by blending with Hythane. Perhaps in high-consumption situations it may end up being feasible?

They've got their fingers in a lot of pies, even after selling off assets. Hythane, geothermal leases in Australia, CBM in the UK, gas to liquids research with UQ. It's all quite intriguing.

 

[Mad Mel]

Re: EDE - Eden Energy

I picked up some shares over the last few days, averaging out at 5.2 cents after the largest chunk today at 4.3 cents. I dunno, I've got a really good feeling that these guys may be a great thing yet. I don't mind waiting a few years for it.

 

[surfingman]

Re: EDE - Eden Energy

I emailed management about some financial information, the company has very little cash but its assets sales should delivery a good increase soon. Just wanting to know when before I average down.

The company has good potential but if that was Goldman Sachs selling again today expect some more downside in the short term.

 

[surfingman]

Re: EDE - Eden Energy

It is Goldman Sachs selling down 9.2 million shares still in their hands. I am hoping they hold a few not selling completely out.

Management hasn't replied to my email will have to try call, really keen to know when / if there sale of assets will be realised.

 

[surfingman]

Re: EDE - Eden Energy

Some good volume moving through today 2.7 million shares changing hands, not much movement in share price though.

Cash not looking to healthy but they are getting funding from the green conscious governments, I bought another parcel today as I believe this one has a good risk reward play at this price.

The risk is high but if Hythane goes commercial scale in the next 3 years it will be rewarding.

Here's the summary of yesterdays half yearly accounts:

Hydrogen / Hythane ® Projects
India

First public Hythane ® refuelling station, built by Hythane Co for Indian Oil Corporation, completed in January 2009.


First Hythane ® bus demonstration project scheduled for late 2009 / early 2010 in Gujarat. Letter of Intent received from Gujarat State Petroleum for this project which will utilise the hydrogen reformer to be received as part of the sale of HyRadix.


Hythane Co’s OptiBlend low cost, low emissions diesel / Natural Gas dual fuel kit proposed to be trialled on a diesel generator in April / May 2009.


USA


San Francisco Airport ( SFO) Hythane Project


Funding approved for 27 Hythane ® fuelled vehicles


Applications have been lodged for additional funding to enable Eden to develop a Hythane ® station at San Francisco Airport, but some additional funding is required.


Hythane Engine Certification – Hythane Company, in conjunction with BAF Technologies, anticipates obtaining CARB and EPA certification in April 2009 for the 2009 Ford E-450, which will be used for the SFO project. This will allow Hythane Co to sell and market a Hythane-fuelled vehicle commercially, and not be limited to use for demonstration projects only.


Negotiations are underway with various parties to secure a suitable site to test Eden’s diesel / Natural Gas dual fuel kit on a generator in the United States.

 

[surfingman]

Re: EDE - Eden Energy

Volume is solid again today 3.8 million shares, Mac Bank now Ceasing to be a holder but they haven't shown anywhere on the announcement final holding of zero?

I am very keen to know who is buying in a very tight range for the last 2 days.

Course of Trades for the day click here

Any thoughts?

 

[Mad Mel]

Re: EDE - Eden Energy

I am very keen to know who is buying in a very tight range for the last 2 days.

Looks like one of their directors picked up a million shares. Nice to see that one of the guys at the top has faith in the company.

http://www.asx.com.au/asxpdf/20090319/pdf/31gp2jyt439q1l.pdf

 

[surfingman]

Re: EDE - Eden Energy

Looks like one of their directors picked up a million shares. Nice to see that one of the guys at the top has faith in the company.

http://www.asx.com.au/asxpdf/20090319/pdf/31gp2jyt439q1l.pdf

I am happy to hear that its a directors loading up, I am hoping we will see some more down side in the market so I can get a little better average price.

Very eagerly awaiting the start of the development of the next demo Hythane project hopefully only a couple of months away.

Not happy directors don't reply to emails.

 

[surfingman]

Re: EDE - Eden Energy

This is the man who bought 1 million shares straight off the Eden Site, just trying to build my confidence in this stock not use to playing in this price range.

Mr Beresford began his career in engineering and has since gained 25 years experience in the international energy business spanning research, technology commercialisation, strategic planning, operations, business development, capital raising, acquisitions, marketing and general management.

He has substantial experience and success in developing new business in the gas sector in Asia and Australia, in all stages of the gas supply chain. Most recently he has been advising the leading Hong Kong power utility on a planned LNG import project, including the potential for LNG to be made available as a replacement for diesel in heavy vehicles. He has driven clean energy start-ups including Cool Energy, which is now launching its cryogenic gas separation technology for commercial applications, and several renewable energy businesses.

From 1996 to 2001 he was with Woodside developing downstream gas business, including investments in technology innovators such as Ceramic Fuel Cells Limited. He became Director of Downstream Business Development in 1999 and Managing Director of Metasource, Woodside’s green energy subsidiary in 2001. From 1982 to 1992 he worked with British Gas in the UK. In 1990 he joined its Global Gas business with responsibility for Asia.

 

[Mad Mel]

Ashok Leyland develops hythane engines

http://www.livemint.com/2009/03/24160922/Ashok-Leyland-develops-hythane.html?h=B

New Delhi: Hinduja flagship company Ashok Leyland on Tuesday said it has developed hythane engines to power its buses, in association with Australia’s Eden Energy.
“The hythane engines are powered by a fuel which is a mix of CNG and hydrogen (usually 20% hydrogen by volume). We have been testing these engines at our Chennai facility,” said Ashok Leyland senior manager (alternate fuels product development) S. Yoganandam.
He said it took the company two years to develop the hythane engine, the fuel technology for which has been provided by the Australian partner, but declined to comment on the investment into the project.
The six-cylinder, 6-litre engine is compliant with Bharat Stage IV emission norms and application of these engines to buses is at an advanced stage at Ashok Leyland, he added.
“As far as commercialisation of the engine is concerned, we are ready but it all depends on the availability of fuel. Right now there are only two hythane stations in the country, which are located in Delhi,“ Yoganandam said.
Besides, a four-cylinder 4-litre engine is also being developed for hydrogen-CNG blend in a joint research and development programme with ministry of new and renewable energy and Indian Oil Corp., he added.

Any thoughts on whether this might affect share price?

 

[Mad Mel]

Re: EDE - Eden Energy

Ashok Leyland's press release has a bit more information, specifically that they are in discussions with the government on making Hythane commercially available.

http://www.ashokleyland.com/newsdisplay.jsp?newsid=173&year=2009&monthval=3

AL produced 84,000 vehicles last year, 22,600 of them buses (from their website). Wikipedia informs us that:

It is the second largest commercial vehicle company in India in the medium and heavy commercial vehicle (M&HCV) segment with a market share of 28% (2007-08). With passenger transportation options ranging from 18 seaters to 52 seaters, Ashok Leyland is a market leader in the bus segment. Eight out of ten metro state transport buses in India are from Ashok Leyland. The company claims to carry over 60 million passengers a day, more people than the entire Indian rail network.

If they can convince the government / Indian Oil to market Hythane commercially, it should be great news for us shareholders. However, I'm not clear on how the revenues work, I assume some sort of licensing arrangement.

 

[surfingman]

Re: Ashok Leyland develops hythane engines

http://www.livemint.com/2009/03/24160922/Ashok-Leyland-develops-hythane.html?h=B



Any thoughts on whether this might affect share price?

Short term share price is anyone's guess, good volume going through last couple of weeks, medium to long term if they get past the cash flow issues there should be some good gains for holders but I still think it's very speculative with high risk rewards.

I think it's great news the project is moving forward in these times, there should be an announcement tomorrow I guess.

 

[surfingman]

Re: EDE - Eden Energy

. However, I'm not clear on how the revenues work, I assume some sort of licensing arrangement.

From what I can understand of the unclear matter:

The price of Hythane will be 10% higher than Gas, Hythane is expected to give around 10% better mileage and in that 10% more in the price is a profit margin which i think is were Eden will get their revenue. This was spoken about in a BRR interview recently.

A licensing agreement makes the most sense, but can't find any info.

Is that how you see it Mel?

 

[Mad Mel]

Re: EDE - Eden Energy

Ah yes, found it in the BRR presentation. Their model is that EDE will receive a royalty revenue per output on the fuel. Like you said, they expect the fuel will cost 10% more, but will be 10% more efficient, resulting in no net cost to the consumer.

I believe that it is positive for EDE to have a much bigger fish in Ashok Leyland lobbying the government, rather than just EDE.

 

[surfingman]

Re: EDE - Eden Energy

Great Work Mel nice breakout today on the back of your news provided a few days earlier....

Great volume might have soak up some of those major shareholders disposals....

Within the next month we should hear some news about the developments of the next Hythane trial, now the bus engines are good to go I am wanting to believe the 2.8cents is the bottom.

 

[Mad Mel]

Re: EDE - Eden Energy

Thanks surfingman. I use Google News alerts, that's how I caught the news out of Ashok Leyland. It's not often when you get something ahead of the company announcement, but once and a while.

In addition to the hopefully forthcoming good news you listed, we should see California EPA certification of the Hythane Ford E-450's next month.

I had to go out in the field yesterday, so I couldn't babysit a stock order I put in before open, and missed out on a few more shares that I wanted to pick up. Aaargh! Stupid day job.

 

[surfingman]

Re: EDE - Eden Energy

News on the Hythane Ford Engines that will be good news, the US is making some good ground moving towards greener energy.

Yesterdays News
Cars and light trucks will be required to meet a U.S. fuel-economy average of 27.3 miles per gallon for 2011 models, a 2 mpg increase from the previous year’s level, the Transportation Department said.
full story here

US Funding
During his election campaign, Obama pledged to reduce carbon emissions to 1990 levels by 2020, and 80 percent by 2050. He earmarked about $80 billion for renewable energy technologies in his economic stimulus bill of nearly $780 billion.
Full story here

I know that some funding has been secured for the EPA certs in the State's, EDE are now asking for a demo hythane plant to be built.

Would be nice to see some down side so I could average down a little more, but pretty happy with holding.

Ahh the day job, I spend too many hours in the day there in front of a computer pushing out accounts, oh well may be EDE will change that for us.

 

[surfingman]

Re: EDE - Eden Energy

Strong Volume 2nd highest day since back from suspension 4.6 million, closed on the Days High 7.7 cents and a 71% gain still no talk on ASF....

The Fundamentals have varied very little from suspension at around 14cents, not sure techs will work on this one but that is the next resistance level.

 

[Mad Mel]

Re: EDE - Eden Energy

With about 200% gain and ~20M shares traded over the last three days, I think our opportunity to average down may have passed, surfingman. I'd guess any of the big holders that were selling off have done so.

Not gonna complain though, I'm pretty happy with my holding.

 

[hobo-jo]

Re: EDE - Eden Energy

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/07/BU3D16U1Q3.DTL

In addition, the airport will build a second station next door dispensing hythane, a mixture of hydrogen and natural gas. The airport plans to use that fuel in some of its many vehicles that now run on compressed natural gas.

Interesting little stock, I think once the market gets wind of this news it might start a fresh run, though it may be against the tide...