Resource round-up: Altona Energy, Edge Resources, Camco International

Shares in Altona Energy rocketed over 17% after it announced regulatory approval for test drilling at its flagship Arckaringa project in South Australia. Executive Chairman Christopher Lambert said the firm had also achieved some important regulatory and community relations milestones as it worked through the approval process, which would stand the company's future field activities in good stead.

By MoneyWeek

published 13 August 2012

in Features

Edge Resources also went sky high with a 20% jump in its share price after the company said an early start to its summer drilling programme meant it had successfully drilled, cased and completed two wells in Primate, Saskatchewan. One of these resulted in the discovery of a new pool. Both wells would commence production testing and pressure buildup analysis simultaneously, the firm said.

Camco International, a developer of clean energy projects, announced the first biogas clean energy project for its Southeast Asia arm. The 2MW biogas project, based at a palm oil mill in Palong, Malaysia, will use anaerobic digestion to recover biogas containing methane from palm oil mill effluent. The project will be amongst the largest of its type to date to generate electricity for supply to the Malaysian national grid when it is completed in 2013, the company said.