RED.L Regulatory News (RED)

5 Jan 2007 07:53

Camco International Ltd05 January 2007 5 January 2007 Notification of Results Camco International Limited ('Camco') is a leading player in the origination,co-development, placement and management of carbon credits under the KyotoProtocol. Camco intends to release its results for the period to 31 December 2006 on 8March 2007. These results are expected to show a position broadly in line withCamco's initial expectations, although operating costs are likely to be slightlyhigher as the company has been able to expand its operations and recruit fasterthan anticipated. Although the Board and Management of Camco are pleased with the performanceachieved in the second half of the year, a number of projects which the Companyhad hoped to crystallise in the last quarter of 2006 are now anticipated toconclude in the first two months of 2007. At 31 December 2006, the contracted portfolio was 103m tonnes, with a further42m tonnes under late stage negotiation. The additional projects signed to thecontracted portfolio represent a 45% increase since IPO (71m). 35m tonnes havenow been commercialised through Emission Reduction Purchase Agreements (ERPAs),also representing a significant increase (IPO 5m). The company is optimisticabout its ability to sign on further tonnes in the 1st quarter of 2007. For further information please contact: Camco International Limited +44 (0) 20 7256 7979 Tristan Fischer, Chief Executive OfficerScott McGregor, Chief Financial Officer Press Gavin Anderson & Company +44 (0) 20 7554 1400 Ken CroninKate HillJanine Brewis About Camco: Camco is a leading player in the origination, co-development, placement andmanagement of Carbon Credits under the Kyoto Protocol. Camco works with industrial companies and utilities to identify and developgreenhouse gas emission reduction projects, managing the entire process fromproject initiation to carbon credit delivery. Camco helps maximise the volume ofcredits produced and facilitate their placement with purchasers in theinternational carbon market. This 'origination to delivery' capability provides greater clarity andmanagement of carbon credit risks, adding value to both sellers and buyersparticipating in Camco's transactions. Camco is a market leader in carbon credit origination in some of the largestpotential markets for Carbon Credits. Additional information is available at www.camco-international.com This information is provided by RNS The company news service from the London Stock Exchange