EDE - Eden Innovations

[nioka]

Re: EDE - Eden Energy

Despite all the good news and secure finance (as cash from asset sales) the SP of EDE has failed to maintain recent gains. Today shows some recovery. The prospects for EDE look great and should mean that EDE is a popular choice for ethical investors. These recent lows have allowed a cheap entry into this stock for both investors and traders. It has allowed me to build a reasonable holding on a free carry basis and I intend to accumulate and hold EDE as an investment in the enviroment and this aussie company as well as a financial investment

 

[Mad Mel]

Re: EDE - Eden Energy

Somebody's been dumping shares at open lately; 50,000 / day for around a week, and 100,000 for the last couple of days. It's been driving the price down, and depending how long they keep it up, might continue to do so. It's not a lot of shares at the price, but considering how few people are buying this stock lately it's bringing the price down substantially.

 

[Mad Mel]

Re: EDE - Eden Energy

Hey hey, something to talk about! SP up 46% at the moment today, following this announcement:

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&
idsId=00971895

Based on the length of time between announcements and how the SP went after the last announcement, I may sell off in the next day or so, then reacquire as the price drops. Knowing my luck, there'll be another positive announcement in a few days.

 

[jbocker]

Re: EDE - Eden Energy

Good announcement for EDE today.
I bought these originally because of their diverse energy interest. I thought their only geothermal interest were near olympic dam, but on the map saw they are alongside GDY permits (this why Origin have bought in) and have a string of permits from Port Augusta down towards Adelaide.

Still patient for their Hythane markets.

I am not hopeful for their CSM prospects (but selling some off did get them out of some debt issues). Be happy to be wrong though.

I did buy in at 14.5c though only to be trade halted the next day (Sept 08).

 

[Mad Mel]

Re: EDE - Eden Energy

The geothermal news was certainly a pleasant surprise.

JB, here's a little more (potential) good news that hasn't been captured in any EDE press releases. Indian Oil Corp is in talks with the Indian gov't to set up a Hythane dispensing network.

http://www.prdomain.com/companies/B/BharatPetroleum/newsreleases/20099576412.htm

Still holding EDE....

 

[jbocker]

Re: EDE - Eden Energy

The geothermal news was certainly a pleasant surprise.

JB, here's a little more (potential) good news that hasn't been captured in any EDE press releases. Indian Oil Corp is in talks with the Indian gov't to set up a Hythane dispensing network.

http://www.prdomain.com/companies/B/BharatPetroleum/newsreleases/20099576412.htm

Still holding EDE....

Thanks Mad Mel, It certainly is a potential big market in India! Maybe take some time to capture it though, a lot is down to how serious the govt is about reducing emissions. I am patient, and will wait and see.

 

[Mad Mel]

Re: EDE - Eden Energy

Anybody else still holding these? They hit $0.20 today briefly on the back of the announcement about Indian Oil agreeing to farm in to their solid carbon technology. It will be interesting to see where the SP settles out, and if this announcement creates some lasting interest in this lagging stock.

There had been some good buying opportunities lately at under $0.06, I wish my crystal ball didn't have all those noseprints on it.

 

[jbocker]

Re: EDE - Eden Energy

Anybody else still holding these? They hit $0.20 today briefly on the back of the announcement about Indian Oil agreeing to farm in to their solid carbon technology. It will be interesting to see where the SP settles out, and if this announcement creates some lasting interest in this lagging stock.

There had been some good buying opportunities lately at under $0.06, I wish my crystal ball didn't have all those noseprints on it.

Yes I am still holding Mad Mel. That certainly is exciting news. Indian Oil seem to like working with Eden Energy, Hythane and now potentially with this solid carbon technology.
If the process can become commercially viable I think a lot of major industries will be beating a path to their door for both the 'carbon nanotubes' and the hydrogen fuel.
I am not sure but does this fit in the nanotechnology domain??
In the ASF competition I have been mainly picking EDE - but guess what I did for February...

 

[GumbyLearner]

Re: EDE - Eden Energy

Price went down today. Interesting that EDE management are buying the IP & Patent rights in exchange for 3.75 mill shares to UQ in the company. Indian Oil will get a 50% of the IP & Patent rights on successful commercial demonstration
of the project.

UQ has done some great research for entities like NASA in the past.

Said to take between 18-24 months to speed up research in the project.

DISC: I hold.

 

[nioka]

Re: EDE - Eden Energy

The following news article today regarding the growth in the Indian economy is good news for EDE shareholders. The future for EDE is tied to the relationship it has with India. The roll out of Hythane in India is underway and that is associated with the production of hydrogen. Hydrogen looks like being a pyproduct from the production of carbon nanotubes. The company has a small market cap and is well worth checking out.

"India sees 7.2 percent growth

India's economy should expand by 7.2 per cent this fiscal year, the government forecast on Monday, as growth heads back to the robust levels seen before the global financial crisis.

The projection for the 12 months ending March 2010 was contained in an estimate by the statistics office for use in drafting next year's budget to be presented at the end of February.

The economy "has clearly turned," said chief government economic advisor Kaushik Basu while finance Secretary Ashok Chawla said growth this year could be even higher once data for the fiscal second half was known.

Monday's forecast marked an increase from the 6.7 per cent growth posted in the previous financial year when India's economy was hit by the downturn in its major export markets.

HSBC economist Robert Prior-Wandesforde said this year's performance should "be trumped by an 8.5 per cent increase" next year - close to the nine per cent average annual figure clocked by Asia's third-largest economy before the global financial system went into a tailspin. "

 

[Mad Mel]

Re: EDE - Eden Energy

On the geothermal side, Origin has now farmed into another tenement adjacent to the Eden tenement that they farmed into earlier. Hopefully a sign that they will undertake some exploration in the foreseeable future.

With respect to Hythane, a positive announcement regarding a new bus trial in India today.

It's nice to have had good news regarding carbon nanotubes, hythane, and geothermal in the last few months.

 

[nioka]

Re: EDE - Eden Energy

Months since there was a post on this one. Time for an update. (Cut and paste from a company announcement.)

"Australian Securities Exchange Announcement
28 May 2010
Australian company heralds successful tests in development
of India’s first production Hythane ® engine for bus fleet
Australian-based green energy developer, Perth-based Eden Energy Limited (ASX; EDE), is
pleased to announce the successful testing of a production-ready 6-litre engine that will enable
India’s largest bus manufacturer, Ashok Leyland, to power buses with Eden’s low-emission
Hythane ® blend of hydrogen-enriched natural gas.
The revolutionary 2010 H06B CNG engine - developed by Eden’s wholly-owned US subsidiary,
Hythane Company, at Ashok Leyland’s Hosur laboratory in India - was initially designed to meet
the country’s current Bharat IV (Euro IV) mandatory emissions targets.
Significantly, the results from last month’s calibrated control system and exhaust catalyst for the
naturally-aspirated engine have revealed it will ultimately enable India’s buses to operate at a
level of emissions that meet the most stringent standards of future.
Justin Fulton, Hythane Company’s Director of Engine and Fuel Systems, said the results would
comply with the next generation of Bharat V (Euro V) requirements, ensuring a long production
life for the HO6 engine.
Over the “European Transient Cycle” (ETC), an engine dynamometer test that simulates realworld
driving conditions for heavy-duty vehicles, the Hythane ® engine tests yielded the following
improvements relative to the natural gas baseline:
• Oxides of nitrogen (NOx) emissions reduced by 16.6%
• Total hydrocarbon (THC) emissions reduced by 15.1%, including a non-methane
hydrocarbon (NMHC) reduction of 66.6%
• Carbon dioxide (CO2) emissions reduced by 6.2%
• Fuel efficiency improvement of 6.5% based on fuel combustion energy.
Eden Energy will receive royalties from both Ashok Leyland and the engine control system
provider for all Hythane-fuelled-engine sales.
“Although the use of natural gas buses has reduced pollution over the past 5 to 10 years in cities
like Delhi and Mumbai, NOx and smog continue to be a serious health problem,” Mr Fulton said.
“The use of Hythane ® fuel in the nation’s municipal buses will make a significant reduction in
these pollutants, without any power or performance penalties, and without expensive engine or
vehicle add-on equipment,” he said.
2
“It is significant that Hythane ® fuel reduces CO2 emissions with regards to global warming. Also,
the THC emissions from natural gas are almost all methane, a greenhouse gas that is over 20 times
more potent than CO2. With a renewable hydrogen feedstock for the Hythane ® fuel blend, around
7 tonnes of CO2-equivalent greenhouse gas could be saved annually for each bus,” Mr Fulton said.
“The real-world driving cycle fuel efficiency improvement with Hythane ® fuel could provide up
to 5% lower operating costs for the bus operators with industrial-scale hydrogen production
sources for vehicle fuel.
“Even with small on-site hydrogen production at each refuelling station, the efficiency increase
with Hythane ® at least covers the extra cost of the hydrogen in the fuel blend, so the emissions
improvements are free.”
In the near future, Ashok Leyland will also release turbo-charged versions of the H06 engine, and
the control system strategies used for these engines will allow them to take advantage of
hydrogen’s unique combustion properties above and beyond the improvements seen in the base
CNG/Hythane ® engine.
Preliminary investigations on the new engines began in April after the base engine production
calibration work, and production-intent optimisation by Hythane Company and Ashok Leyland
will continue this year.
Hythane Company’s President, Roger Marmaro, said: “While pure-hydrogen engine and fuel cell
technology continues to advance, the immediate availability and leveraged benefits of hydrogennatural
gas fuel blends will allow Hythane ® engines to play the most significant role in meeting
India’s Vision 2020 goals and promoting the development of a new hydrogen economy.”
India joined the International Partnership for the Hydrogen Economy (IPHE) as a founding
member in 2003. By 2006, a National Hydrogen Energy Roadmap was created to plan for a
gradual, practical transition to hydrogen energy and infrastructure, including power generation
and transport applications. The Roadmap’s Vision 2020, through the Green Initiatives for
Transport (GIFT), calls for 1 million vehicles to be operating on hydrogen fuels by 2020.
The release of India’s first production Hythane ® engine will precede the country’s first large-scale
refuelling station for hydrogen-enriched natural gas, as previously announced by Eden Energy.
This station, due to be constructed by the end of the year, will refuel 50 to 70 buses in Mumbai. In
addition to the Ashok Leyland buses, another major Indian bus manufacturer has approved in
principle a development project to recalibrate their engines for optimised Hythane ® fuel operation
in 2010."

The above announcement shows that there is progress being made with the roll out of Hythane. Trials like this are not done in a day but require the results on many miles of travel by the buses under trial. It IS an ongoing trial that is bound to prove the value of Hythane as a much cleaner fuel with some cost savings attached.

Patience is required but patience should be rewarded and with the SP at 6.9c there is not a lot to lose. I'm holding my quota, neither buying nor selling so if this is considered a ramp then so be it. However I believe EDE to be a good long term investment. DYOR.. Remember "the bigger the possible gain, the bigger the risk".

 

[nioka]

Re: EDE - Eden Energy

Automotive research body develops greener fuel engine for light vehicles

Fri, Aug 6 05:29 AM
The Automotive Research Association of India (ARAI) has developed an HCNG (Hydrogen blended CNG ) fuel engine complying with EURO V standards for light commercial vehicles. HCNG is greener than CNG and perceived as the ultimate alternative for fossil fuels. ARAI claims to be the first Indian institute to develop HCNG fuel engine. The engine has been developed for Tata Motors and is expected to be displayed at the Commonwealth Games in Delhi.

The engine development gains importance as the central government had recently notified HCNG (20% hydrogen blended with CNG) as fuel for vehicles and the Indian Oil Corporation is all set to supply HCNG at all the existing CNG stations in the country soon.

"CNG helps in reducing carbon dioxide and carbon monoxide, but reduction in emission of nitrogen oxide or NOX continues to be a challenge. If CNG is blended with hydrogen, it can result in NOX reduction by 45%-50%. The new engine has been developed to suit this blended fuel," said Dr S S Thipse, senior assistant director (power train engineering), ARAI.

ARAI has developed the four-cylinder HCNG stoichometric engine for light commercial vehicles with 5, 10, 15, 18 and 20 percent HCNG blends. The GOI-approved blend is 18% HCNG blends.

"The base is a CNG engine with modifications in the combustion chamber, cylinder head and so on to suit HCNG," said Thipse.

The use of HCNG is more beneficial as fuel economy and power output of HCNG is superior in comparison with CNG. It is also the ultimate green fuel with reduced NOX emissions, which is not possible with CNG.

Despite these benefits, the cost of HCNG will be a deciding factor for its future use, said Thipse. The only HCNG station set up in Dwarka (New Delhi) is selling the fuel for Rs 35 per kg. "Ideally it should be Rs 5 or Rs 6 more than the CNG rate for its viability. However, it is up to the government to decide its cost once it is available at more outlets.

 

[jbocker]

Re: EDE - Eden Energy

Price went down today. Interesting that EDE management are buying the IP & Patent rights in exchange for 3.75 mill shares to UQ in the company. Indian Oil will get a 50% of the IP & Patent rights on successful commercial demonstration
of the project.

UQ has done some great research for entities like NASA in the past.

Said to take between 18-24 months to speed up research in the project.

DISC: I hold.

Hi Gumbylearner, It looks like Eden have broken out of talks with Indian Oil and decided to do it themselves (100%) picking up the University of Queenslands rights wrt carbon nanotubes. Go for it Eden. Happy to see them adopt the old saying If you want something done then do it yourself!!

Also put out a hand for more dollars with a share purchase plan for existing holders. Giving it some thought.

 

[nioka]

Re: EDE - Eden Energy

It's a long time since there has been any posting here and the reasons are clear. No good news, until today. A 47% increase in the SP. It does justify having held and having the faith to buy more recently. The half yearly report is well worth while reading. EDE is not out of the spec category but it has shown that there is some potential for great returns.

 

[1nvstor]

Re: EDE - Eden Energy

It's a long time since there has been any posting here and the reasons are clear. No good news, until today. A 47% increase in the SP. It does justify having held and having the faith to buy more recently. The half yearly report is well worth while reading. EDE is not out of the spec category but it has shown that there is some potential for great returns.

I know the names are the same. But this chart depicts the largest growth in a stock I've ever seen.. makes a 10 bagger look like nothing... its unreal http://au.finance.yahoo.com/echarts?s=EDNE.OB#symbol=edne.ob;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;

 

[nioka]

Re: EDE - Eden Energy

From ASXGURU,

"Eden Energy (EDE) is a stock that I posted about last week when the company released their quarterly report which contained very impressive details regarding the development of a process that leads to the production of hydrogen, carbon fibres, and carbon nanotubes from natural gas. Going back to the original post and reading the full details is worth your while if you haven’t already read it.

When I made my initial post I did express some doubt about the share price holding its gains. I did predict further short term gains in the share price but instead we saw a slight sell off. Though my timing was a little off I was encouraged by the modesty of the sell off. The chart was still bullish as the soft selling merely suggested that the stock was having a rest.

Today, the bullish rest pattern was confirmed and the updated chart shows Eden Energy’s stock price rallying to a closing high of 10c. The market now seems to be catching onto the potential.
This is potentially a ten bagger stock."

ASXGuru say a tenbagger potential from 10c. Long termers bought on the SPP at 5c so our $15,000 is now up to a value of $30,000. That could cause some profit taking and still give an entry at a reasonable price. But if it is a tenbagger from here then the $15,000 will become $300,000.

EDE is a stock where patience IS being rewarded.

Still a spec stock but a little less of a spec than it was a year ago.DYOR.

 

[prawn_86]

Re: EDE - Eden Energy

EDE is a stock where patience IS being rewarded.

Still a spec stock but a little less of a spec than it was a year ago.DYOR.

A lot of patience is needed for those who bought in about 3 years ago around the 40c mark...

 

[nioka]

Re: EDE - Eden Energy

A lot of patience is needed for those who bought in about 3 years ago around the 40c mark...

I was one of those but I did trade and average down and continued to hold. I was able to take part in the SPP and bought also at 4c a couple of times. You not only need patience but also faith in the companies activities.

There could be a need for more cash again so another SPP could be in the wind any time. I'll stay with it long term unless I see a big change in the fundamentals.

 

[Mad Mel]

Re: EDE - Eden Energy

I didn't discover EDE until they returned to the market in early 2009. But I'm still here and still holding, and also used the SPP to top up to my target shareholding level. I don't have much to add to the conversation at this time, I just don't want you guys to feel lonely. Us EDE hold-and-waiters are a small but determined bunch.