True Green Led PLC / Key word(s): Energy/ True Green Led PLC (TGQ): Acquires Energie Future NL an Australian alternative energy company which is developing a world class Underground Coal Gasification (UCG) project valued at USD241 million DGAP-Media / 04.08.2011 / 16:12 =-------------------------------------------------------------------- 4 August 2011 True Green LED plc to Acquire Energie Future NL Key Points - True Green LED has entered into an agreement to acquire 100% of the shares of an Australian alternative energy company Energie Future NL which is developing a world class Underground Coal Gasification (UCG) project. - As part of the purchase 40,000,000 new ordinary shares will be issued by TGQ. - Energie Future is currently developing an advanced coal to liquids project in Rawlins, Wyoming USA where more than $100 million has been spent to date by Gulf Oil, the US Department of Energy and The Williams Companies Inc on Energie Future's Rawlins project. - The project has been independently valued for the purpose of this transaction. The valuation reported the net asset value is $241m and the fully risk adjusted value has been discounted to $82m. - Energie Future is finalising arrangements to extend its existing JORC resource of 62m tonnes at Rawlins. - Energie Future is also developing a 3,000 barrel per day coal to liquids project. Ultra clean diesel is anticipated to be produced at a cost of less then $30/ barrel. - CO2 produced at the Rawlins site will be available for geo-sequestration as part of an enhanced local oil recovery programme which will further enhance the highly attractive project economics even further. Tue Green LED plc (ISIN:GB00B5KWSD97 and Frankfurt Stock Exchange symbol: TGQ) is pleased to announce that is has entered into a contract to acquire all of the capital of clean energy company Energie Future NL in keeping with the vision of TGQ as a 'green' technology company. Energie Future is developing one of the most advanced Underground Coal Gasification Plants located at Rawlins, USA. Stage 1 is a 3,000 barrel per day project that has been valued by independent experts for this transaction. Net asset value is $241 million and with a risk adjusted at $82 million. Energie Future plans to ultimately produce 50,000 barrels per day at the site. The site has been extensively explored by Raven Ridge Resources Incorporated (www.ravenridge.com), with extensive coal characterisation and resource studies conducted in previous exploration campaigns. Energie Future is finalising contracts which will give Energie Future an initial JORC resource of 62m tonnes in the exploration zone, with additional contiguous areas also with significant exploration potential. Raven Ridge will continue to be responsible for the ongoing coal resource characterisation and reserve development work contemplated at the Rawlins site. Additional contiguous areas have significant exploration potential. Rawlins has been the site of three successful UCG trials. The first two by Gulf Oil and the US Department of Energy and the third by The Williams Companies Inc., the second trial being one of only a handful of commercial scale UCG trials outside of the CIS (Commonwealth of Independent States, the former USSR). / Acquiring Energie Future will give True Green LED a major advantage over all other companies around the world that are seeking to commercialise the UCG process. The ability to achieve an accelerated time line for the project is due to the existing infrastructure & extensive trials by Gulf Oil and The Williams Companies. Energie Future benefits from over US$100 million that has been invested over a 30 year period in the Rawlins site and has the rights to: - The detailed data from three trials at the site between 1979 and 1995, one of which was a commercial trial which ran for three months with coal consumption of 200 tonnes per day; - An extensive database of UCG operational performance; - Extensive coal target definition, including seismic and drilling to estimate the magnitude and suitability of the coal for UCG; - Detailed design of UCG modules and well bore configuration; - 4 Injection, 1 production and 18 monitoring wells which remain in place and ready to commence gasification; - Extensive environmental work and approvals including environmental baselines which themselves would take 18 months to generate; and - A full commercial feasibility for a UCG base coal to liquids plant and further feasibility study for an Ammonia Plant completed in 1995. Energie Future is planning to have a full feasibility study completed and approvals in place within 24 months and is setting a target to commence commercial production of the gas to liquids plant within 42 months. UCG trials are expected to commence earlier than this. Work will commence shortly on a feasibility study for the detailed design of the 3,000 barrel per day gas to liquids project. This work will be greatly assisted by having access to the previous feasibility studies acquired from The Williams Group. / A 3,000 barrel per day gas to liquids plant will be the first stage of a project that is aimed at having a capacity to reach up to 50,000 barrels per day. The plant will utilise the Small Fixed Bed Fischer Tropsch Process and proprietary catalysts developed by Energie Future's Pittsburgh based partner, Energy Technology Partners LLC. The Small Fixed Bed technology is expected to produce at very competitive capital and operating costs bases. Oil production in Wyoming has been declining for a number of years. The production decline has been slowed through the use of enhanced oil recover (EOR) techniques. CO2 injection is a major contributor to Wyoming's oil production; however the amount of production is limited by the availability of CO2. Energie Future is currently looking for EOR opportunities which would significantly increase its project returns. Mr Somerton, CEO of Energie Future said 'The acquisition of Energie Future by TGQ will give us much improved access to capital to undertake our project and to provide shareholders a market to trade their investment.' About Energie Future and UCG Energie Future NL is a clean energy company which seeks to monetise stranded energy assets by applying proven technologies. Other innovative companies active in this clean coal technology field are Linc Energy, Carbon Energy and Wildhorse Energy. Energie Future is actively developing an ultra clean diesel project using UCG and proprietary Fischer Tropsch gas to liquids technology. Energie Future's technology partners are leaders in the UCG and gas to liquids fields. Energie Future will use innovative technology to monetise otherwise stranded energy assets around the world. Contact: Info@tgled.biz or Rick Somerton Chief Executive Officer Energie Future NL Tel: +61 434 510 507 firstname.lastname@example.org Safe Harbor Statement: The statements contained herein which are not historical are forward- looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time. 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