044f0dbb-40f4-429a-8ef9-3a6ca3b346a9.pdf
ACN 009 253 187
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
14 JUNE 2016
EDEN ENERGY LTD - EDENCRETETM US UPDATE
Please see attached ASX Announcement by Eden Energy Ltd (ASX: EDE) for further details.
Background
Tasman through its wholly owned subsidiary, Noble Energy Pty Ltd, holds 493,198,298 fully paid shares in Eden (representing 42.37% of the total issued capital of Eden) and 101,356,779 EDEO options representing 45.81% of the issued EDEO options. This equates to 1.3 EDE shares and
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EDEO options held for every Tasman share issued.
Based on the last traded prices on the ASX of EDE ($0.225) and EDEO ($0.19) on 13/6/16, this investment had a market value of $144 million, which is equivalent to 34.3 cents for every currently issued TAS share.
Aaron Gates Company Secretary
Level 15, 197 St George's Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866
Email: [email protected]
ACN 109 200 900
AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
14 June 2016
EDENCRETETM - US UPDATE
Material Improvements in the Performance of Concrete Achieved with Modest Dosages of EdenCreteTM
HIGHLIGHTS
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Trials of EdenCreteTM have shown material improvement in all the performance characteristics of concrete that have been tested, using only modest dosage rates of EdenCreteTM that could add perhaps as little as US$10 to the sale price of a cubic yard of concrete.
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These results considerably increase the proportion of the potential concrete market that could economically use EdenCreteTM, by making it economically feasible to use it in smaller dosages for lower value concrete applications and still receive material improvements in performance.
DETAILS
Eden Energy Limited ("Eden") (ASX: EDE) is pleased to announce that it has received the initial results of an extensive, ongoing trial being undertaken with its EdenCreteTM concrete admixture to determine its performance over a range of dosage rates.
Material levels of improvement have been achieved with the addition of only modest dosage rates of EdenCreteTM that could add perhaps as little as US$10 to the sale price of a cubic yard (0.765 cubic metres) of concrete.
Level 15, 197 St Georges Terrace, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866
Email: [email protected]
In all the trials, improvements in performance of 5% or more in all the performance characteristics that were tested were achieved. The performance characteristics that have been tested included compressive strength, flexural strength, tensile strength and abrasion resistance.
Industry professionals generally regard a 5% improvement in any performance characteristic of concrete as a material improvement.
Results Open Wider Target Market for EdenCreteTM
These results considerably increase the proportion of the potential concrete market that could economically use EdenCreteTM, by making it economically feasible to use it in smaller dosages for lower value concrete applications and still receive material improvements in performance.
BACKGROUND
EdenCreteTM is Eden's 100% owned, proprietary carbon-strengthened
concrete additive, one of the primary target markets for which is improving the performance of concrete used in the construction and maintenance of concrete roads, bridges and other infrastructure. Additionally, it has potential for use in a range of other applications including high-rise building construction, marine and coastal applications, water storage and pipelines, and pre-fabricated concrete structures and products.
Gregory H. Solomon Executive Chairman
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