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Last 0.07 GBp
Change Today -0.005 / -6.67%
Volume 61.5M
EDL On Other Exchanges
Symbol
Exchange
London
Stuttgart
As of 11:35 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

edenville energy plc (EDL) Snapshot

Open
0.08 GBp
Previous Close
0.08 GBp
Day High
0.08 GBp
Day Low
0.07 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
345.3M
EPS TTM
-0.0001 GBp
Shares Outstanding
7.8B
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.

9 Employees
Last Reported Date: 06/5/14
Founded in 2004

edenville energy plc (EDL) Top Compensated Officers

Chief Executive, Director, Member of Audit Co...
Total Annual Compensation: 47.4K GBP
Executive Chairman
Total Annual Compensation: 57.5K GBP
Finance Director and Director
Total Annual Compensation: 65.0K GBP
Compensation as of Fiscal Year 2013.

edenville energy plc (EDL) Key Developments

Edenville Energy Plc Announces Mkomolo and Muze Test Pit Results

Edenville Energy Plc announced the final two sets of coal quality results from the near-surface seams at Mkomolo and Muze, part of the Rukwa Coal Project, near Sumbawanga, in Western Tanzania. Following the results reported at Mkomolo, which returned significantly better coal quality than previously attributed to the deposit, the company reported the final tranche of results which further confirm the presence of high quality, near surface coal across the Rukwa Coal Project. Mkomolo: Previously, sample 5528 from Mkomolo (reported December 16, 2014) was taken across a visually distinctive, near surface coal seam. A second sample (5529) was taken across the same coal horizon but also included an upper layer of weathered coal and carbonaceous mudstone previously excluded from testing. This second test was designed to determine the effect of bulk extraction of the entire coal horizon as opposed to extraction of a visually defined coal seam. The results, which include the weathered coal and carbonaceous mudstone, are very positive; the combined sample returned an energy value of 14.56MJ/kg across a 2.31m horizon, which includes the 1.1m of 17.53MJ/kg coal previously reported for sample 5528. These sample results illustrate that coal measures which include weathered material could contain sufficient energy value to add tonnage, without significant reduction in calorific value, to the near surface coal seams with the potential to improve project economics. Muze: A single sample was taken at Muze, through a coal seam with a thickness of 1.66m, exposed in a stream cutting at surface. The Muze coal sample gave a raw energy value of 15.26MJ/kg, 50% higher than previous estimates for the deposit as a whole. A simple wash process, to a Relative Density of 1.7, increased the energy value to 22.13MJ/kg, with a yield of 55%. Mirroring the situation at Mkomolo and Namwele, the results from Muze indicate the uppermost seam is of a quality sufficient to supply coal to a coal-fired power plant, with improved project economics due to increased energy value. The sulphur content in this sample was high, at approximately 7% raw value. However, this was known to be a high-sulphur pocket and the sample location was selected due to its ease of access and existing outcrop. The average sulphur level from drilling work in the 2013 Resource Report indicated average levels of sulphur below 3% and the company consider this to be more representative of the Muze deposit as a whole. Test pits are the optimum way to sample coal that lies close to surface, allowing a specific seam to be exposed, examined and sampled. Four test pits were excavated at Mkomolo targeting the top seam along a strike length of 2.4kms, to expose the near-surface coal. One test pit was excavated in Muze deposit. The excavation and sampling work was carried out by Edenville personnel with full quality control processes and procedures in place.

Edenville Energy Plc Announces Positive Results from the First Set of Detailed Coal Sampling and Test Work at the Namwele Deposit, Near Sumbawanga in Western Tanzania

Edenville Energy Plc announced positive results from the first set of detailed coal sampling and test work at the Namwele deposit, part of the Rukwa Coal Project, near Sumbawanga in Western Tanzania. During the past three months, test pits were dug to a depth of approximately 3 metres at the Namwele, Mkomolo and Muze deposits, collectively known as the Rukwa Coal Project, and the samples analysed for quality. Four test pits were excavated at Namwele to expose the near surface coal seam, better defining the coal that could be extracted in the initial stage of mining operations. For near surface coal seams, test pitting is the most common, efficient and effective way of gathering data, not only quicker and less costly than a drill programme but also allowing a specific coal seam to be exposed, examined and sampled more thoroughly. The excavation and sampling work was carried out by Edenville personnel with full quality control processes and procedures in place. This near-surface coal seam has an average thickness of 2.0m and was sampled to a maximum depth from surface of 4m, with an average depth from surface of 2.56m. The four test pits were distributed along a total strike length of approximately 870 metres through the Namwele deposit. The samples from these four test pits at Namwele have been analysed at Alfred H Knight's laboratory in Scotland, UK. Alfred H Knight ("AHK") is a highly respected analytical laboratory group that specialises in metals and minerals testing, with particular expertise in coal. It is ISO 9001:2008 accredited and operates in 35 countries carrying out a wide range of test work on coal and other fuel sources. The recent test pit samples averaged a raw energy value of 14.39MJ/kg compared to a previous global value of 6.8MJ/kg in the original drill samples at Namwele. Sulphur and ash varied over the test pits with sulphur washing out to 1.7% in some areas whilst remaining above 3% in others. Washed ash averaged 22.27% being reduced to as little as 18.6% in some samples. A degree of selective mining and blending would be envisaged to give a consistent coal product.

Edenville Energy Plc Announces Non-Executive Changes

Edenville Energy plc announced the appointment of Arun Srivastava as non-executive director of the company. Arun replaces Simon Rollason, who resigns as non- executive director. Both changes are with immediate effect. Arun Srivastava, aged 67, has a rich and varied work experience of more than 40 years in the power industry, spread across turnkey development and operation of power plants, acquisition of fuel sources and liaison with regulators and representing industry and completing management of large size coal and gas based power projects. Arun served as managing director and CEO of Essar Power Limited for 10 years until 2009 during a 19 year career with the company. Arun currently acts as an independent consultant in the power sector and has advised companies both in India and abroad, nominated as an independent director on the board of Indo-tech Transformer Ltd.

 

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