Petro Matad CEO Mike Buck confirmed that he believes the Exploitation Licence for Block XX in Eastern Mongolia is likely to be awarded in Q2. Watch the full video here.

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Active Energy Group senior management present at London South East's April Webinar


Active Energy Group (LSE:AEG) CEO Michael Rowan and CFO Andrew Diamond presented the investment case for Active Energy at last night's London South East April Investor Webinar - 6.04.2021.

The Coalswitch reference plant in Lumberton, North Carolina is almost finished, and the company is getting ready to deliver the first commercial order of Coalswitch to PacifCorp in Q2.

AEG is a biomass development company listed on AIM and with a market cap of around £34M. The future of the company is now around the development and commercialisation of Coalswitch.

There are three components to 'biomass revenues':

1. Direct sales of Coalswitch to the market - eg to commodity traders or power stations directly
2. Licensing out the technologies which we have developed and proved at Lumberton
3. Sales to other potential partners, and "other products which can be produced off the back of it".

On Tuesday morning AEG announced it was going to cross-list on the Nasdaq OTC "to complement our activities for two primary reasons. We have a number of US holders on the register and they are keen to help diversify the register for us. Second reason is it will help raise our commercial profile over there, and we are very keen to do it. Its a very exciting time."

Renewables firm Active Energy go for growth as they raise £7M and restructure bonds

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