Techenomics International and M-Power form a strategic alliance
July 20, 2010
Techenomics International is please to announce the formation of a strategic alliance with M-Power Australia to develop markets for Oil Analysis and state of the art condition monitoring practices in Taiwan.
M-Power Australia is an organisation that specialises in modern fuel and lubricant enhancers and having already established itself a market position in Taiwan, Techenomics see this alliance as a huge way forward for the company.
“Our companies have worked closely together in other markets and this opportunity to establish joint operations in a new market, Taiwan, we believe is a very positive step for the future for Techenomics,” said Mr Chris Adsett, CEO, Techenomics International.
The strategic alliance with M-Power Australia fits Techenomics’ global business model of positioning strategically located laboratories so as to service diverse geographical markets with a fast turn around and viable costings.
All product delivery will be available via the company’s Blue Ocean software that is revolutionising the condition monitoring industry by its combination of various tools within one package to allow the equipment owner to focus on areas of cost improvement, better utilisation and reduce downtime.
Techenomics’ complete range of products and services will be available via this alliance together with the advanced fuel and lubricant enhancers in the M-Power range.
Experts Put Ngaka Project’s Coal Reserves at 800 Million Tonnes
July 19, 2010
Tanzanian Daily News
Exploration data have strongly suggested that the Ngaka basin could have coal reserves as large as 800 million tonnes, according to Atomic Resources.
The company has said Ngaka Coal Project, examined by Dr Pascal Semkiwa, Principal Geologist at the Geological Survey of Tanzania (GST), offers high prospects. Dr Semkiwa’s recent visit to Ngaka coincides with the opening of test pits to enable bulk sampling for domestic customers.
Dr Semkiwa has studied Tanzania’s vast coal deposits his entire career and completed his doctorate degree in Germany researching on coal formations in the mineral-rich south western Region of Ruvuma, where the Ngaka Coal Project is located.
The doctor is arguably the most qualified and experienced geologist to have ever explored the Ngaka Coal Basin, and he continues to be a very strong supporter and advocate of the Ngaka Coal Project in his dealings with the Tanzanian government.
“The weight of available exploration data, including drilling conducted by the British Colonial Development Corporation (CDC) and now Tancoal, strongly suggests that the Ngaka basin could have resources as large as 800 million tonnes.
“I am now confident that this target is realistic and would greatly benefit Tanzania as well as many other countries,” said Dr Semkiwa.
During his visit, Dr Semkiwa examined coal seams and visually inspected coal samples being extracted from the test pits at Ngaka. Dr Semkiwa added: “The quality and consistency of the coals I saw outweighs what I anticipated it to be.”
“Exploration drilling gives a very good idea of what lies beneath, but nothing can compare with the excitement for a geologist to be able to see the coal uncovered. This will be the commencement of commercial coal mining in a country that has always imported all of its coal needs, yet has vast coal resources in the Ngaka basin.”
“Additionally, Tanzania could now also be exporting good quality coal to neighbouring and overseas countries.”
Dr Semkiwa added that, “the quality of the coal at Ngaka is very good and consists of a high proportion of bright bands and fewer dull bands, making the coal quality a high standard when compared to other coal regions. This means that the vitranite indicates a higher quality and therefore higher calorific value.”
“Not only is the calorific value very good, but the sulphur content was low, which made it a good coal for use in a thermal coal-fired power station and reduced the incidence of spontaneous combustion (caused by high sulphides) which makes it a more sought after coal.”
Atomic is in the process of preparing a Bankable Feasibility Study (BFS) on its Ngaka Coal Project, which currently has proven JORC resources in excess of 212 million tonnes.
The company has indicated its intention to announce a major resource upgrade shortly which it anticipates will substantially increase the size of its coal resources in the Ngaka Basin.
Blue Energy – Extension of Korea Gas Corporation Farmin option
July 7, 2010
Blue Energy Limited (ASX:BUL) advises that it has agreed to a request from Korea Gas Corporation (KOGAS) to extend the expiry date on the farmin option by 8 months to 28 February 2011.
As part of the AUD$12.571m share placement in Blue Energy made by KOGAS in August 2009, KOGAS was granted an option (expiring 30 June 2010) to farmin to Blue Energy’s Galiliee Basin permit ATP813P and/or ATP814P in the northern Bowen Basin. In the past twelve months Blue Energy has undertaken a significant amount of exploration in both permits and has supplied data sets to KOGAS for their internal review process.
In March 2010 Blue Energy received an initial gas in place resource estimate from Netherland, Sewell and Associates (NSAI) of 121PJ (2C), 3,411PF (3C) and a Prospective Resource of 3,630PJ relating to the gas potential of the carbonaceous shales. Blue Energy has continued exploration and appraisal activities aimed at the conversion of the 2C/3C resource estimates into certified 2P/3P reserves. To this extent production well drilling and testing is ongoing and it is expected an updated data set will be provided to the reserves certifiers within the next month.
Given the recent taxation uncertainty together with exploration delays associated with the severe flooding events that occurred between December 2009 and March 2010, KOGAS requested an extension of farmin option period until 28 February 2011.
Commenting on the extension, Blue Energy CEO and Managing Director John Phillips said “Blue Energy is committed to working with KOGAS as a strategic partner and has agreed to their request for an extension. During the option extensions period Blue Energy will continue to undertake exploration activities to further mature these assets and will provide KOGAS all necessary data to enable KOGAS to fully assess the permits with the aim of gaining KOGAS’ commitment to a farmin agreement in early 2011“.