EDE - Eden Innovations

[daaussie]

Re: EDE - Eden Energy

S.A. - Geothermal energy announcement
The drive to develop hot rock energy in South Australia is to take in the State’s Riverland district for the first time under new government exploration funding announced today for ASX-listed Eden Energy Limited.
The Company announced today that its concept for a geothermal or hot rock energy project near the Riverland town of Renmark, northeast of Adelaide, had attracted $100,000 under the latest PACE grants to fund the Company’s first drill hole to test the geothermal potential of the Renmark-Tararra
Trough. Eden holds Geothermal Exploration Licences 175 and 176, which are located in the Renmark area, and offer short distance access to major powerlines for distribution.
“The Renmark area stands out as a significant temperature anomaly on the Australian National University’s Austherm 2004 image of estimated hot rock temperatures at 5 kilometre depth,” Eden Energy’s Executive Chairman, Mr Greg Solomon, said today. “This potential is supported by data from the nearby Nulla Nulla 1 well just over the border in New
South Wales,” Mr Solomon said.
“Under today’s PACE funding announcement, Eden proposes to drill its first geothermal well to acquire drill core and temperature measurements from within the Renmark Trough to confirm the anomalous heat flow status of the Renmark area as suggested by the Austherm image. “The temperature data will enable an estimate for the area of its temperature at depth. Core from the
hole will enable thermal conductivities to be directly measured and a robust estimation made of heat flow and temperature gradient.”
Mr Solomon said the drilling program would also dovetail with data to be available shortly from a new SA Department of Water, Land and Biodiversity Conservation (DWLBC) saline water re-injection test well near Lock 6 on the Murray River, providing a more regional view of the heat flow.
“A successful hole and heat flow estimate will establish the presence of a well located, significant, new geothermal resource at attractive depths for utilisation in South Australia, and located quite close to prospective markets and infrastructure,” Mr Solomon said. “Success will also confirm a major new style of geothermal target in SA and accelerate exploration of this particular resource as well as highlighting the prospectivity of naturally permeable zones in sedimentary basins with high heat flows.”
The Renmark-Tararra Trough is a 300km long sedimentary basin running in a northeasterly direction, located just to the north of Renmark. There are significant accumulations of sediments, including good insulating coaly material, in the Renmark Trough. Eden believes these may provide effective thermal insulation, which, associated with major faults on the basin margins, provide enhanced permeability, to combine to make the Renmark area an attractive geothermal target.

 

[Wilson!]

Re: EDE - Eden Energy

Nice chart guys, geez
Is she fully priced now, or more to come

 

[daaussie]

Re: EDE - Eden Energy

hi, yes my prediction is that EDE will gradually work its way towards 50 cents as investors become aware of it. if a small cap US fund manager likes it (this is quite possible as they won top prize in the USA for green house company of the year), then they will rocket. The EDEO options show quite strong potential, based on the options price, the market is expecting the EDE price at present to be around 34-36 cents.

 

[daaussie]

Re: EDE - Eden Energy

Well the profit takers are getting less with each sharp rise. The stock stabilized at 27 cents and we're ready for the next announcement. Have you guys noticed from the graph that with the last 4 sharp rises this month, afterwards each time the profit taker section is less of a drop and also there is not much time before the next sharp rise. I think this trend will continue as more announcements come out and more investors learn about the value of this stock.

 

[KIWIKARLOS]

Re: EDE - Eden Energy

All the projects these guys have are highly speculative.
I mean the logistical challenges of drilling 5km into geothermal hotrocks are easy (see GDY) even if they succeed in drilling the depth, generating power is years off.

Just a question about the India Hythane project, the idea sounds good but i would like to know the cost/engineering advantages of producing a car or bus that runs on Hythane as opposed to pure Hydrogen.

With this blend fuel how are they planning to produce the hydrogen to mix with the natural gas?, Hydrogen is expensive to produce so wouldn't the fuel Hythane be much more expensive than natural gas alone?

 

[daaussie]

Re: EDE - Eden Energy

I have looked into hythane to try to answer your question as best as i can.

As i understand the potential of geothermal energy producing plant is better becuase the land is located very close to the electricity grid, hence there is not much infrastrcuture required to connect it to supply the grid.

Hythane is being implemented in India to feed the public transport system. See in Australia we have no pollution because we have no population. In India, their pollution is a major problem because it follows population. Basically they cant see in front of themselves. China and USA are following suit and the governments there are supporting eden as well.

Hythane is a mixture of hydrogen and natural gas. In fact they can use low purity hydrogen which is available as a waste stream from a number of industrial processes is suitable. This technology is of significant interest in USA, China and India because you dont need good hydrogen, you just need waste hydrogen, hence cost is not a factor, and the pollution benefit is a major bonus. Hence hythane beats natural gas... see below...

Hythane ® reduces emissions of NOx (the major contributor to photochemical smog) and other greenhouse gases by up to 50% compared with natural gas which itself is a relatively clean fuel.

The company is well advanced in its efforts to establish Hythane as a preferred vehicle fuel for urban transit buses in many of the major cities in
these markets, having recently again demonstrated the effectiveness of Hythane ® by having completed a Hythane ® conversion of a leading Chinese natural gas engine and reduced the emission levels to less than Euro IV Standards, bringing the Hythane ® version of the engine up to world leading standards. Negotiations are currently underway to establish demonstration projects in all of these markets.

Eden stamps out competition because of patents. EDE owns through its subsidary the US patent for Hythane ®, and has a range of other relevant Hythane ® related patent applications including for the Hythane ® operating system, a fluidics based blender for producing Hythane ® and for cryogenic Hythane ®, combining LNG and hydrogen which has great potential in the many places (particularly China and India) which will import large volumes of LNG as a primary energy source.

So in summary, Edens markets are set in my opinion by a need, their cost is low and implementations in the largest countries is going ahead. This is supported by their patents which protect their market niche and they have experts who are working on the technology to develop and implement its use in infrastructure.

 

[LifeisShort]

Re: EDE - Eden Energy

I agree with KIWIKARLOS that Eden is highly speculative with a lot of varaiation in projects, but if any of those come to fruition then it will be a company maker stuff. Hythane project is promising and the most advanced.

 

[KIWIKARLOS]

Re: EDE - Eden Energy

I just think that there simply wouldn't be that much waste hydrogen from industrial processors to make fuel for hundreds of thousands of vehicles. Even if it was 20-30% hydrogen in the total fuel make up, were still talking about huge amounts of hydrogen. Plus all the additional infrastructure you would need to produce and store/retail the fuel i imagine would make it less attractive.

and the geothermal hot rocks may be located close to transmission lines but its still 5km below the surface. GDY tried drilling holes to this depth at the cooper basin. they snapped so many drill shafts they ended up abandoning the drill. Its a huge logistical challenge to build a giant underground heat exchanger.

 

[stiger]

Re: EDE - Eden Energy

I just think that there simply wouldn't be that much waste hydrogen from industrial processors to make fuel for hundreds of thousands of vehicles. Even if it was 20-30% hydrogen in the total fuel make up, were still talking about huge amounts of hydrogen. Plus all the additional infrastructure you would need to produce and store/retail the fuel i imagine would make it less attractive.

and the geothermal hot rocks may be located close to transmission lines but its still 5km below the surface. GDY tried drilling holes to this depth at the cooper basin. they snapped so many drill shafts they ended up abandoning the drill. Its a huge logistical challenge to build a giant underground heat exchanger.

Point taken, although one day in the not too distant future it will happen and revolutionize the way we harness energy.imho

 

[daaussie]

Re: EDE - Eden Energy

Hi I like debates,

Lets keep in mind that we are all investments inherently have risk in one way or another. Even blue chips can take a hammering after downgrades etc so you can lose your money there too.

Eden listed at 20 cents, went down to 10 cents, and now the market has defined them as belonging to 28 cents (as of Friday 8th Dec 2006, CLOSE OF TRADING). I believe this will go to 35 cents next week, which is where the 20 cent options say they will be by the way.

They have at least 6 different projects. To me, this is a great way of diversifying the risk.

At the end of the day, Eden presents a series of great projects, and although waste hydrogen can be used in hythane mixture, they can also use standard hydrogen. The way oil prices are going, hydrogen to me is cheaper in comparison. As far as effects on global warming hythane wins out of hydrogen which wins out over oil.

India has already given the go ahead for converting their public transport to use hythane, and conversion has already been implemented back in june to prove that it can be done easily. Furthermore, the chinese government backed Eden and put in a 1 million dollar grant. So they too see the benefit and commerciability (or their highly experience advisors and researcher teams do).

Therefore we have the benefits of government advisors and research of Eden. and they are backing and taking up EDEN's technology. In my opinion this is a great sign of a good growth stock.

For these reasons I told people to buy the stock at 10 cents, its now 28 cents.

if you want to invest, read all of their announcements first, make up your own mind and buy if you want to. I certainly have a long term view for this stock and keep topping up as it heads north.

 

[KIWIKARLOS]

Re: EDE - Eden Energy

Mate from what i understand India gave the go ahead to move its vehicles to natural gas not hythane. Eden is doing a demonstration of its hythane vehicles soon. am i wrong?

at current oil prices or even much higher oil prices there is no way that hydrogen is cheaper. There are only two ways to make the stuff and they both cost more and are much more inefficient than oil.

The first is electrolysis which uses vast amounts of electricity (which would come from either gas or coal burning power plants) or from a chemical process in which the heat coal and extract the hydrogen gas + others out of it.

To everyone who thinks hydrogen is a viable alternative to gas/petrol it simply is not. The best thing we can do right know is increase the efficiency of what we have.

Are you also factoring in the cost of infrastructure to support this fuel in a cost comparison of fossil fuel vs hydrogen?

China may have given them 1 million dollars but that is realistically nothing, that probably would be enough to make one protype trunk that ran on hythane.

I simply think all the interest and SP increase in this company is due to environmental speculation.

 

[stiger]

Re: EDE - Eden Energy

Carlos I was really commenting on geothermal energy,remember every year is a year closer to fruition.cheers

 

[daaussie]

Re: EDE - Eden Energy

From my brief reading:

From my reading, Hythane is a mixture of several gases, eg. Natural Gas, LPG and low emission hydrogen.
The quantities of hydrogen and process have been keep confidential by Eden (as you would expect), but presumably, the explosive effect in engines from EDEN's unique mix is similar as having straight Natural gas, LESS 50% pollution.
Although I did not find anything about the cost, I did note that EDEN says that Natural Gas costs 50% less than diesel (diesel in turn is cheaper than petrol).
Presumably since Natural Gas is a major constituent of hythane, and useless low grade industrial hydrogen (which is cheap) can be used, then it is about the same cost as Natural Gas. Hence you dont need the electrolysis equipment.

India's supreme court ruled that all buses, taxi's etc must use Natural gas instead of petrol because of their pollution problems and smog.

This position allows Eden to enter the market, following demonstration.

Further, EDEN have indicated that the DOE (US Department of energy) is moving to make all cars hydrogen fuel based because of environmental concerns. "The US’s first long-term test of engines fuelled by hydrogen and a hydrogennatural gas mixture called Hythane ®, had been awarded to wholly owned Eden Energy subsidiary, Colorado-based Hythane Co, subject to the Company completing an audit and contract negotiations with DOE. • The test program to deliver an ultra-clean hydrogen fuel would be supported by a US Energy Department grant of US$2.1 million

So I am not too worried and await a couple of audits and demo's early next year which if successful will send EDE flying, and with a handy US 2.1 million as well.

Storage is supported by the same infrastructure as natural gas (ie LPG type canisters) and uses the same infrastructure as natural gas which india is implementing.

 

[KIWIKARLOS]

Re: EDE - Eden Energy

sorry stiger, im just a bit sceptical about this hythane stuff.
I totally agree with you about geothermal, Australia has alot of potential power there i hope they end up trying to use geothermal before Howard builda a nuke plant in my back yard

 

[daaussie]

Re: EDE - Eden Energy

Eden went past 30 cents to 32 cents.
time for champs

 

[daaussie]

Re: EDE - Eden Energy

finished at 33.5 cents! up 5.5 cents. something is definitely going on here. there is no announcement yet. i wonder what happened this time

 

[KIWIKARLOS]

Re: EDE - Eden Energy

well dont i feel like a goose

 

[daaussie]

Re: EDE - Eden Energy

its okay. we all make mistakes.
Eden is the only stock i have seen which trades just 1million stock to jump 20%. With that sort of jump with small volume, it means the stock can really jump quick when something positive comes out..

i wonder if a small cap fund manager has their hands on this stock.

 

[constable]

Re: EDE - Eden Energy

well dont i feel like a goose

Dont worry i day traded these last week 100000 @ 27 sold them @ 27.5 , oh how i wish i'd kept them, anyway back in at 30.5 only with 30000 tho!

 

[daaussie]

Re: EDE - Eden Energy

My bet now is that Eden goes to 38-40cents today.