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COPYRIGHT 2003 Asia Pulse Pty Ltd
An executive briefing on energy for Nov 18, 2003, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
AUSTRALIA'S NOVERA ENERGY COMPLETES US$4.6 MLN SHARE PLACEMENT
SYDNEY - Renewable energy generator Novera Energy (ASX:NVE) today announced it completed a fully underwritten placement of 26 million new shares at 25 cents each to raise A$6.5 million (US$4.6 million).
Major shareholder Utilico Investment Trust underwrote the entire A$6.5 million placement, subscribing for eight million shares in its own right and underwriting the balance of 18 million shares, Novera Energy said.
W AUSTRALIAN MINISTER LAUDS PASSAGE OF BARROW ISLAND BILL
PERTH - The approval to use an A-class nature reserve for the A$11 billion (US$7.81 billion) Gorgon gas project was a landmark for Australia's gas industry, Western Australia's Development Minister Clive Brown said.
The passage of the Barrow Island Bill 2003 through WA's Legislative Council brings the massive expansion of the state's liquefied natural gas industry a step closer.
20 PCT STAKE IN KPC OFFERED TO EAST KALIMANTAN ADMINISTRATION
JAKARTA - Indonesian coal mining company PT Katim Prima Coal (KPC) has offered 20 per cent of its shares to the East Kalimantan administration under its program to divest 51 per cent of its shares.
Martinus Peter, head of investor relations at PT Bumi Resources (JSX:BUMI), the new owner of KPC, said the stake was offered in...
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