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GPE, GREEN PACIFIC ENERGY LIMITED
sierra
post Posted: Jun 27 2006, 09:26 AM
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In reply to: pargolf on Monday 22/05/06 09:30am

GPE

26/06/20064:55PM Update on Current Situation
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Light travels faster than sound. This is why some
people appear bright until you hear them speak.
 
pargolf
post Posted: May 22 2006, 09:30 AM
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In reply to: sierra on Monday 22/05/06 08:18am

Don't know how they lasted so long.
Pargolf

 
sierra
post Posted: May 22 2006, 08:18 AM
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Just found this !! biggrin.gif


15 May 2006
Suspension from Official Quotation
Green Pacific Energy Ltd (GPE) was suspended from official quotation on ASX on last Friday 12 May 2006 as a result of ASIC expressing a concern on the solvency of GPE and its controlled entities. ASIC has given the directors of GPE up to Friday 19 May 2006 to respond to its concern. The directors of GPE will try to resolve this issue as soon as possible and make further announcement in due course.
-ENDS

Further
information:
Corporate:
Edwin Yeung, Corporate Secretary
Phone: 02 92023000
Or visit our website
www.greenpacific.com.au




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Light travels faster than sound. This is why some
people appear bright until you hear them speak.
 
sierra
post Posted: Mar 16 2006, 01:57 PM
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QUOTE (Claudia @ Thursday 16/03/06 12:53pm)

GPE

Claudia, I got out at 36cents. Only time will tell.


16 March 2006
Strategic Partnership for Fuel Supplies
Green Pacific Energy Ltd (GPE) has signed a heads of agreement to form a strategic
partnership with BMI Group Pty Limited (BMI) in relation to the fuel supplies and
operations of its power plants at Stapylton, Queensland.
BMI is a company associated with Brisbane’s largest land fill operator and waste
management company with over 15 years’ experience in the industry.
Under this heads of agreement, BMI will, at its own costs, build and operate a waste
transfer station and fuel processing plant at the Stapylton site.
GPE and BMI will also sign a 20 year fuel supply agreement whereby BMI will supply
green waste fuel to GPE for the 5MW plant and the stage 2 plant. The main terms of
this fuel supply agreement are confirmed in this heads of agreement. Detailed legal
documents for this fuel supply agreement are being prepared and are expected to be
finalised within the next few weeks. With this strategic partnership, GPE will secure a
reliable source of fuel supply at a favourable price.
Under this heads of agreement, GPE has also allowed BMI to manage the 5MW
power plant at Stapylton for a twelve month period whereby BMI will be responsible
for all the operational expenses of the 5MW plant and will pay GPE a fixed
management fee. This will release GPE’s management team from the day to day
operation of the 5MW plant giving them more time and resources to concentrate on
the stage 2 project at Staplyton. After this twelve month period, GPE has an option to
sell the 5MW plant to BMI for a consideration of $2 million, and BMI has a call option
to buy the 5MW plant for $2 million, if certain conditions are satisfied.

In the past few months, GPE has been preparing for the stage 2 project at Staplyton.
GPE had refused to extend the time for consideration of its bids for an existing
operating co-generation plant close to Stapylton due to the complex nature of the
transaction. However, GPE has identified an opportunity to fast track the stage 2
project at Stapylton. GPE is now in the process of completing the purchase and
relocation of an existing power plant which will reduce the construction cost and time
of implementing the stage 2 project at Stapylton. GPE is also approaching financiers
with a view of obtaining project finance for the commencement of construction of the
stage 2 plant by April 2006.
-ENDS


Further information:
Corporate:
Edwin Yeung, Corporate Secretary
Phone: 02 92023000
Or visit our website
www.greenpacific.com.au
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--------------------
Light travels faster than sound. This is why some
people appear bright until you hear them speak.
 
Claudia
post Posted: Mar 16 2006, 12:53 PM
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Hi everyone,

Does anyone think it's worth buying into GPE following today's announcement?

Thanks,

Claudia.

 
vedena
post Posted: Jan 17 2006, 06:51 PM
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Posts: 71


In reply to: mme on Saturday 07/01/06 09:46am

Triple support has been hit today at 0.011 ............beware

I have withdrawn my buy for now.

 

sentifi.com

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mme
post Posted: Jan 7 2006, 09:46 AM
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In reply to: vedena on Saturday 07/01/06 12:18am

One stock I'm glad I sold refer 26/6/04 entry. Gut was thankfully right on this occasion. biggrin.gif

 
vedena
post Posted: Jan 7 2006, 12:18 AM
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In reply to: Hector on Friday 16/12/05 08:23am

This needs to hit 0.011 as a double bottom b4 it can recover . It looks like its heading that way Imo.


0.011 would be a buy for me .


 
Hector
post Posted: Dec 16 2005, 08:23 AM
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Posts: 630


I am waiting on news of new contracts for power generation. Macquarie bought a heap of these shares a year or so ago. They wouldn't have done that without some hope of a return and they bought in at much higher prices.....(as did I)
H



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When you least expect it, expect the unexpected....
 
vedena
post Posted: Dec 16 2005, 12:23 AM
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Posts: 71


In reply to: Claudia on Thursday 01/12/05 12:47pm

It hasnt really got any worse and it looks like it may have bottomed this past week. I'm thinking that the bottom may have been on 06/12/05 and that the worst is over.

Should be interesting to see how it holds up during next week b4 xmas.



 
 


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