Renewable Fuels

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Gerri Greenham announces transfers of Solarvest BioEnergy Inc shares

Monday, 22 Dec 2014 07:36pm EST

Solarvest BioEnergy Inc:Says that Gerri Greenham has disposed of 900,000 common shares in Solarvest BioEnergy Inc. representing about 4.57 pct. of the issued and outstanding common shares of the company, by way of a gift in a private transaction.

Cropenergies AG confirms FY 2014/2015 outlook

Friday, 19 Dec 2014 02:30am EST

Cropenergies AG:Confirms outlook for FY 2014/2015 and continues to expect growth in revenues by 5 to 10 pct to 820 million - 860 million euros (previous year: 781 million euros).Says FY 2014/2015 EBITDA is expected to range between 20 million and 40 million euros (previous year: 68 million euros).Expects to achieve FY 2014/2015 operating profit ranging between zero and minus 20 million euros.FY 2014/2015 revenues 850.92 million euros - Thomson Reuters I/B/E/S.FY 2014/2015 EBITDA 33.40 million euros - Thomson Reuters I/B/E/S.FY 2014/2015 EBIT -8.67 million euros - Thomson Reuters I/B/E/S.

Algae. Tec Limited enters into second subscription agreement with Reliance Industrial Investments And Holdings

Thursday, 18 Dec 2014 11:00pm EST

Algae.Tec Limited:Announces a further subscription agreement with Reliance Industrial Investments and Holdings Limited (RIIHL), to raise A$2.4 million.Says it has signed an immediate agreement to raise $A1.4m via the issue of 20m shares at $0.07 cents per share.Says the proceeds are to be used to provide additional working capital for the fast development of an algae pilot plant in Jamnagar, India, utilising Algae Tec’s technology for the creation of biofuel.

REG European Holdings B.V. to launch takeover offer for all outstanding Petrotec shares

Tuesday, 9 Dec 2014 06:47pm EST

Petrotec AG:Says REG European Holdings B.V., indirectly wholly-owned subsidiary of Renewable Energy Group, Inc., has informed Petrotec about its decision to launch voluntary public takeover offer for all outstanding Petrotec shares.Says Bidder has disclosed that it has concluded share purchase agreement with current majority shareholder IC Green Energy Ltd., for acquisition of their 69.082 pct participation in Petrotec share capital.Says IC Green Energy would receive for Petrotec shares as consideration shares in Renewable Energy Group, Inc. with value per Petrotec share of $1.235.Says bidder has disclosed that it would also purchase IC Green Energy's loan to Petrotec at nominal value.

Raya Group Ltd and Empire Energy Group Ltd to jointly identify, acquire and develop oil and gas leases

Monday, 1 Dec 2014 05:45pm EST

Raya Group Ltd and Empire Energy Group Ltd:Says that its US based subsidiary has executed a Letter of Intent (LOI) with the USA subsidiary of Empire Energy Group Limited to jointly identify, acquire and develop oil and gas leases in an exclusive Area of Mutual Interest (AMI) in Northern Oklahoma.The LOI is non-binding with both parties working towards finalising the Joint Venture Agreement (JVA) and Joint Operating Agreement (JOA) prior to Dec. 31, 2014.Empire will be the designated operator of the JV.Both Companies are to contribute oil and gas leases within the AMI on a 50/50 basis with approximately 4,000 gross acres leased and with an initial target of up to 6,400 acres in the original project area.Leases are being acquired with a 3 year primary term and 2 year bonus term with 100 pct. Working Interest and 81.25 pct. Net Revenue Interest under competitive commercial terms.

Algae. Tec Ltd announces ownership interest of Teco. Bio LLC

Monday, 24 Nov 2014 12:42am EST

Algae. Tec Ltd:Says that Teco. Bio LLC has an interest in 175,000,000 fully paid ordinary shares of the company, representing 59.22 pct. of total voting power.Previously, Teco. Bio LLC had an interest in 200,000,001 fully paid ordinary shares of the company, representing 80.67 pct. of total voting power.

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