Alkemy Capital. Regulatory News (ALK)

19 Jul 2006 11:57

Alkane Energy PLC19 July 2006 19 July 2006 For immediate release Alkane Energy Plc ("Alkane" or "the Company") Pre-Close Trading Update Alkane Energy Plc, the international energy company that designs, builds,operates and services climate change reduction and renewable electricitygeneration plants, provides the following update on trading. The Board is pleased with the Company's performance in the first half of 2006and reports that trading has met management expectations. Interim results forthe six months ended 30 June 2006 will be announced on 20 September. One of the features of the first half has been a rapid build-up in the orderbook at Pro2 to record levels. This currently stands at €34m. As a result ofthis success, working capital demands at Pro2 have increased more rapidly thananticipated and the €3m loan from Alkane at end of 2005 will remain in place forthe time being. Discussions are underway with banks and other potential sourcesof finance in order to put in place adequate working capital to meet Pro 2'sforeseeable requirements. Despite the loan to Pro2 remaining outstanding, Alkane confirms that developmentplans for two new UK mine gas plants to come on stream in 2006 remain on track. For further information, please contact: Alkane Energy plcDr Cameron Davies Tel: 01623 827927 Buchanan CommunicationsEric Burns Tel: 01943 883990 This information is provided by RNS The company news service from the London Stock Exchange