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Last 0.07 GBp
Change Today +0.0075 / 13.04%
Volume 74.7M
As of 11:35 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

edenville energy plc (EDL) Snapshot

Open
0.06 GBp
Previous Close
0.06 GBp
Day High
0.07 GBp
Day Low
0.06 GBp
52 Week High
12/16/14 - 0.11 GBp
52 Week Low
04/9/15 - 0.04 GBp
Market Cap
5.5M
Average Volume 10 Days
200.7M
EPS TTM
-0.0004 GBp
Shares Outstanding
8.4B
EX-Date
03/13/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for EDENVILLE ENERGY PLC (EDL)

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edenville energy plc (EDL) Details

Edenville Energy Plc engages in the exploration, development, and mining of energy commodities, primarily coal and uranium in Africa. Its principal project is the Rukwa coalfield project, which includes three coal deposits, including the Mkomolo, Namwele, and Muze deposits located in the Mtwara Development Corridor, Tanzania. The company was incorporated in 2004 and is based in London, the United Kingdom.

8 Employees
Last Reported Date: 05/30/15
Founded in 2004

edenville energy plc (EDL) Top Compensated Officers

Chief Executive and Executive Director
Total Annual Compensation: 129.2K GBP
Consultant
Total Annual Compensation: 95.0K GBP
Compensation as of Fiscal Year 2014.

edenville energy plc (EDL) Key Developments

Edenville Energy plc Provides Update on the Status of the Rukwa Coal to Power Project Near Sumbawanga, in South Western Tanzania

Edenville Energy plc provided update on the status of the Rukwa Coal to Power Project near Sumbawanga, in south western Tanzania. Following the award of the Environmental Impact Assessment (EIA) for Edenville's proposed coal mining at Rukwa in 2014 and the publication of a positive Power Plant Feasibility Study in March 2015, Edenville reported the commencement of field activities which will underpin the Power Plant EIA, a key component for development of the Rukwa Coal to Power Project. The company has commenced a water survey and sampling programme to provide data for the Power Plant EIA, which will be submitted once the definitive power plant design has been confirmed. This EIA, which will cover power plant, transmission and emissions, requires extensive water level monitoring and water samples to provide baseline data for wet and dry seasons. Under the supervision of Mark Pryor, COO, Edenville's trained field team are working alongside the company's environmental consultants to implement and run the water monitoring programme to internationally accepted standards. A dip meter will monitor the water table at a series of selected drill holes covering the 8km strike length of the Mkomolo deposit and a Portable Colorimetric Laboratory for Environmental Water Quality has been purchased in order to establish water quality variations through the seasons. This test work and data monitoring programme will continue over the life of the project, for both the coal mining and power generation operations, to ensure acceptable standards are maintained.

Edenville Energy plc Provides Update on Rukwa Power Plant Feasibility Review Process

Edenville Energy Plc provided an update to shareholders on the status of its Rukwa Coal to Power Project near Sumbawanga, south western Tanzania. Edenville has commenced the formal review process of the Rukwa Power Plant Feasibility with Tanzania's Ministry of Energy and Minerals (MEM) and Tanesco, a key step in advancing the Rukwa Coal to Power Project to the development stage. This formal process will review and assess proposed power generation projects to satisfy commercial and regulatory requirements. The company is encouraged that the Power Plant Feasibility has been positively received and is in the review stage with the MEM and Tanesco. This will enable the company to advance negotiations relating to Power Purchase Agreement (PPA) tariffs and plan the integration of Edenville's power plant into Tanzania's transmission and distribution infrastructure programme. Agreement of base tariff rates will better define capital and operating expenditure requirements, allowing accurate modeling by Engineering, Procurement and Construction (EPC) groups as part of the formal tender process.

Edenville Energy plc Announces Reorganization of Board of Directors

Edenville Energy plc announced a reorganization of the Board of Directors, effective from June 3, 2015. The Board reorganization reflects the needs of the business going forward, maintaining a carefully managed cost base whilst retaining the experience and knowledge of key Directors relevant for this stage of the company's development. A number of partners have shown interest in the company's projects in Tanzania. This, coupled with increasing activity in Tanzania as the company positions itself with the Tanzanian government authorities to progress the power plant opportunity, has resulted in a need for an appropriate board reorganization which is being achieved as Mark Pryor, currently Non-Executive Director, will step into an Executive Director position as company’s Chief Operating Officer. Mark has extensive knowledge of company’s Rukwa Coal assets, being part of the Board since the AIM admission in 2010 and was responsible for the two drilling campaigns on the Rukwa Coal Project which culminated in defining a Measured and Indicated Coal resource of 170 million tonnes. To maintain the balance of the Board, Sally Schofield, currently the company's Executive Chairman, will become non-executive chairman of the company with a commensurate reduction in fees. As an additional cost reduction measure, Finance Director Rakesh Patel, will step down from the Board, but will continue to provide financial and accountancy services to the company on a consultancy basis.

 

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