Alkane Energy

Capex

Future Plans

The prospects for 2008 and for the medium term are encouraging, as electricity prices remain high and some of Alkane's new plants are already signed up on contracts at prices substantially above those for last year.

Alkane will continue to develop their existing pipeline of defined projects and hope to add to this existing portfolio with 13th Onshore Round licences later in the year. This should sustain the Company on a steady growth path.

World interest in coal mine gas projects has increased substantially as governments recognise that methane is 23 times more potent than carbon dioxide as a greenhouse gas and that these projects make an important contribution to reducing the rate of climate change. In order to take advantage of this growing international market, Alkane are actively seeking to grow the Company through an acquisition or a merger with a similar profitable business in the sector.

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