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BRIEFING - ASIA ENERGY - NOV 18, 2003.

Asia Africa Intelligence Wire

| November 18, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Asia Pulse)

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 ...

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