any comments? jordan project can kick start already.

[url=http://www.bloomberg.com/news/2012-05-07/jordan-expects-agreement-on-shale-oil-plant-with-estonia-s-eesti.html[/url]

Jordan expects to sign a final agreement within a few weeks with Estonia’s Eesti Energia AS for the construction of a power plant that burns shale oil, the Natural Resources Authority’s director-general said.
The 700-megawatt plant in the central Attarat region is due to be ready for operation in 2016, Mousa Ali Alzyoud said today in an interview at a conference at the Dead Sea.
“We are in the process of finalizing the documents for the agreement, and very soon we will ink the deal,” he said. When asked about the timing, Alzyoud indicated that the two sides would complete the signing in a few weeks.
Jordan says it holds the world’s fourth-largest reserves of shale oil, a sedimentary rock containing solid bituminous materials that are released as petroleum-like liquids when the rock is heated. The government is turning to shale oil along with nuclear, solar and wind power to help meet rising demand for electricity.
The kingdom holds about 40 billion metric tons of shale-oil reserves and plans to increase the share of energy it generates from these deposits to 14 percent of the country’s total requirements, Alzyoud said.
Jordan may attract $20 billion in investment in shale-oil development in coming years, he said. A final agreement with companies from China, Jordan and the United Arab Emirates for a $1.25 billion shale-oil-fired 900-megawatt power plant is expected to be signed by the end of the year, Alzyoud said.
The government has signed three shale-oil agreements so far, including the one with Eesti, another with Royal Dutch Shell Plc (RDSA) and a third with Karak International Oil, a unit of Tunbridge Wells, England-based Jordan Energy & Mining Ltd.
“Jordan is serious about plans to attract investments in the shale-oil sector as about one fifth of the country’s gross domestic product is spent on imported oil,” Minister of Energy and Mineral Resources Alaa Batayneh said at the conference.
To contact the reporter on this story: Mohammad Tayseer in Amman, Jordan, through the Dubai newsroom at mtayseer@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

This post has been edited by sbsoo111: May 11 2012, 02:52 PM

http://www.menafn.com/menafn/1093511783/Fi...ected-this-year

(MENAFN - Jordan Times) An Estonian-Jordanian firm is set to pump the first ever commercially viable barrels of Jordanian oil shale this year.

Jordan Oil Shale Energy (JOSE) revealed on Tuesday that the firm was scheduled to bring the first commercially-viable Jordanian oil share to the surface in the central region of Attarat this September.

During an international oil shale conference on the shores of the Dead Sea, the Estonian-Jordanian joint venture announced the move as part of the first step of a 44-year-project expected to produce up to 35,000 tonnes of oil shale per day.

In parallel with its oil exploration efforts, the firm is in ongoing negotiations with the National Electric Power Company for the construction of an oil shale-fuelled power plant with a 500 Megawatt (MW) capacity: nearly 20 per cent of the Kingdom's current grid capacity.

The plant, to be constructed in the Attarat region some 110 kilometres south of Amman, is to run on locally produced oil shale and has the potential to slash the annual national energy bill by some $515 million, JOSE claims.

The Estonian-Jordanian project marks the first in a series of developments to tap the Kingdom's estimated 40 billion ton-oil shale reserves.

In addition to JOSE, London-based Karak International Oil is set to extract oil shale in the southern region of Lejjun while Royal Dutch Shell is exploring potential reserves in the northern badia. These projects are expected to produce some 20,000 and 40,000 tonnes of oil per day respectively.

Brazilian firm Petrobras is also carrying out oil shale exploration in the central region, while a Chinese firm is set to build one of the world's largest oil shale-fuelled power plants, a 900MW structure, in southern Jordan.

Amman has singled out oil shale as key to weaning the country off of costly energy imports, with the resource to account for 14 per cent of the national energy mix by the end of the decade.

Disruptions in Egyptian gas supplies, the Kingdom's main energy source, has pushed the national energy bill to over JD4 billion, with ministry forecasts indicating that the ongoing unreliability of this key energy source is expected to cost the country an additional JD1.7 billion by the end of the year.

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Added on May 11, 2012, 2:59 pmthe news yet to annouce in local media. but already in bloomberg, ytlpower seems stop dropping after this news on last 2 days.

good news or bad news u decide la... i think ytlpower will annouce once the agreement signed. later i will post about the shale oil, but in chinese, hope u all dont mind

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Added on May 11, 2012, 3:01 pm據悉，一種能夠承受高溫和可長時間暴露於潮濕環境中的陶瓷復合材料，或將為美國提供一種比較經濟的方式來提煉龐大的油頁岩中蘊藏的石油。

　　油頁岩“藏”油豐富

　　油頁岩是一種蘊藏量十分豐富但幾乎還未被很好利用的礦產資源。油頁岩不但可以提煉出燃料油類，還可以煉制出合成煤及化工原料，副產品還可以用於制磚、水泥等建筑材料。美國的油頁岩資源儲備十分豐富，埋藏在地下的石油是整個沙特阿拉伯已探明原油儲備的三倍之多。但是同中東地區泉涌般的油田不同，美國從油頁岩中提煉石油就如同從冰凍的檸檬中榨取汁水一樣困難，而且提取的成本也相當昂貴。通過核算發現，隻有當石油價格達到每桶95美元時，從油岩層中萃取石油才是合算的。從傳統技術角度看，從油頁岩提煉石油需要對其表面進行加熱，直至一種被叫稱作油母岩質的物質轉化成液體並滲透出來。但是這是一種既昂貴、耗能多又伴隨大量二氧化碳產生的方法，同加拿大的油沙開採項目一樣，這種方法也對當地生態環境造成巨大的破壞。

　　最近，包括荷蘭皇家殼牌在內的一些公司已經研發出新的方式來獲取油頁岩中的石油。他們在地面打一些鑽孔通到地下，用帶孔的鋼管插進油頁岩裡，然后對它發射一種頻率很高的電磁波，依靠高頻電產生的熱量把油頁岩中的油質分解成頁岩油和氣體。這樣，勘探井周圍液態的油母岩質就會被輕易地抽取到地面，供人們使用。

　　這一過程並不涉及岩層露天開採，同其他方法相比用水量也少了很多，而且不會因為開採而留下人工山地和岩層。美國藍德公司的一項研究表明，這種開採方式投入的資金僅為傳統方法的1/3。

　　關鍵技術取得突破

　　此項技術的關鍵是抗熱電纜的運用。目前比較常用的電纜表層多為氧化鎂絕緣體，很容易變形、老化，並不宜長時間加熱和暴露在潮濕的環境中，而且更換和維修的費用也十分高昂。美國能源部高級官員喬·柯爾沃表示，能夠同時克服上述要求的“各種性能的結合體在目前市場上還未出現”。他同時強調說，油岩層對美國的能源安全至關重要。

　　美國拉斐特學院復合技術研發中心日前成功研制出解決傳統電纜弊端的新方法，那就是將陶瓷纖維膠帶纏繞在電纜銅線上。這種陶瓷絕緣體是一種復合型材料，由陶瓷纖維和無機陶瓷基共同構成，被該機構副總裁邁克·塔珀稱為“我們的秘密調味料”。這種被陶瓷纖維膠帶包裹的電纜線可以承受150 °C的高溫，直至膠帶中的樹脂使表層的絕緣體變硬，但變硬的絕緣體依然具有柔韌度，易於裝運和安裝。當被加熱到500 °C時，電纜線表層的絕緣體便被轉化成固態、耐磨的陶瓷涂層。

　　該機構運用復合技術成功驗証了新研發的電纜最高隔熱范圍在150°C與1500°C之間。邁克·塔珀表示，在這麼高的溫度下，“它具有穩定的電學性能，而且不會因環境的影響而降低性能”。

　　邁克·塔珀補充說，這種電纜還可以在高電壓和高溫度下進行工作，而且可以鍛造成任意長度。他說：“也有一些相似類型的材料存在，但我們已經研發出一種花錢最少卻可以達到相同效果的方法，這將使油氣行業的勘探工作更加經濟便捷。殼牌公司已經對這一技術進行了評估，並表現出濃厚的興趣。”

　　實際價值褒貶不一

　　對比預測的石油需求與潛在石油供應表明，石油需求與供應之間的缺口在不斷擴大。對於美國來說，如何填補這一缺口是其基本能源政策問題。為此，美國必須努力降低對進口石油的依存度，而開發油頁岩則可大大減輕因石油供應不足而造成的不利影響。為了評估發展國內油頁岩工業可能帶來的潛在利益和影響，美國曾做過一項分析。分析表明，油頁岩的開發將在美國未來經濟發展中發揮至關重要的作用，到2020年其直接經濟價值可達1萬億美元，同時還會帶來無法用金錢衡量的其他戰略利益和國家安全利益。

　　雖然已經取得了這一領域的巨大突破，但還是有人質疑通過輸電來加熱岩石的方式是否明智，甚至有人認為，這樣做只是為了從地球榨取更多的石油。曾經負責開發加拿大油沙開採項目的帝國石油公司首席科學家克萊門特·鮑曼說：“使用這種電纜能為你們帶來什麼呢？電力是一種高端產品，消耗高端產品來重新獲得像油母岩質、瀝青這樣的低端產品，不可避免要付出慘痛的經濟代價。”

it seems ytl power built up the power plant is to use the latest tech to harvest the shale oil. i think it should be a sure earn business...

This post has been edited by sbsoo111: May 11 2012, 03:01 PM

anyone buy? 1.60 is the super support

they bought 30% of the project share. the project is to build a power plants + shale oil collection

2010, ytlpower signed a memorandum about the jordan project, but within this months, Jordan gorverment will sign an agreement to kick start the project. but this news yet to announce by local media. disposing share doesnt means bad news, seems to be re-org activities

something good? 2016 only will start the mining...

let me add in something extra:

"Estonian state-owned energy giant Eesti Energia wants to complete the Jordanian oil shale consuming power station procurement and find investors before the end of the year 2012, LETA/Postimees Online reports.

After that, the share of Eesti Energia in the Jordanian project will decrease to around 10%, Eesti Energia finance director Margus Kaasik told the press on Monday.

Eesti Energia plans a 900 MW power station in Jordan. Last year Eesti Energia sold a 11% stake in the Jordanian project and included two investors. Currently Eesti Energia has a two thirds stake in the project. 30% of the project belongs to Malaysian company YTL Power International Berhad and 5% to Near East Investment.


"We read from papers that we take from home consumers and take to Jordan while actually it is vice versa: we reap the profits from the free market and invest it in Estonia," said Eesti Energia board chairman Sandor Liive."


This post has been edited by sbsoo111: May 14 2012, 07:13 PM

still buying what

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Added on May 15, 2012, 11:40 amhahaha! u won! make sure chase when on the top

This post has been edited by sbsoo111: May 15 2012, 11:40 AM

Do you bought and hold since 90's?

They got cash for 8bil, but 15bil debts

All cash being used to buy their father, only today they spend RM40mil to buy back YTL

those like to see who aquired, who disposed, did you all saw these in the bursa news?

"Circumstances by reason of which change has occurred:
Disposed of Warrants by YTL Corporation Berhad"

the disposer actually by the YTL　ｃｏｒｐ，　ａｎｄ　ｔｈｅ　ｄｉｓｐｏｓｅｒ　ｏｎｌｙ　ｈａｐｐｅｎｄ　ｆｏｒ　ｙｔｌｐ　ｗａｒｒａｎｔ，　ｎｏｔ　ｔｈｅ　ｙｔｌｐｏｗｒ　ｐａｒｅｎｔ　ｓｈａｒｅ．　ｗｈａｔ　ｙｏｕ　ａｌｌ　ｓｏ　ｓｃａｒｅ　ａｂｏｕｔ？

ｉｆ　ｙｏｕ　ｃｈｅｃｋ　ｔｈｅ　ｙｔｌ　ａｎｄ　ｙｔｌｐｏｗｒ　ｃａｓｈ　ｉｎ　ｔｈｅｉｒ　ｂａｌａｎｃｅ　ｓｈｅｅｔ，　ＹＴＬ　ｈａｖｅ　１２ｂ，　ＹＴＬＰ　ｏｎｌｙ　８ｂ．
Ｉ　ｔｈｉｎｋ　ｔｈｉｓ　ｔｉｍｅ　ｔｈｅ　ａｑｕｉｒｅ　ｎｅｗ　ａｓｓｅｔ　ｗｉｌｌ　ｂｅ　ＹＴＬ．　ｙｏｕ　ｗｉｌｌ　ｅｘｐｅｃｔ　ＹＴＬ　ｇｏｉｎｇ　ｔｏ　ｌｏｏｋ　ｆｏｒ　ｃａｐｉｔａｌ，　ｗａｒｒａｎｔ，　ｎｅｗ　ｓｈａｒｅ，　ｅｔｃ　ｍｅｔｈｏｄｓ　ｔｏ　ｃｏｌｌｅｃｔ　ｃａｐｉｔａｌ　ｗｉｌｌ　ｈａｐｐｅｎｄ．　ａｎｄ　ｉ　ｔｈｉｎｋ　ＹＴＬ　ｗｉｌｌ　ｄｒｏｐ　ｋａｏ　ｋａｏ　ｔｈａｔ　ｔｉｍｅ．　

ｊｕｓｔ　ｍｙ　ｔｏｕｇｈｔ．　

how you get 1.29? i think this is a good sign, at least we can guess the parent share bottom is around rm1.46, 8 sens different from now. today epf buy ytlp parent share again. if ytlp really that bad, why people still want to buy rm120mil on their warrant? somemore epf buy in ytlp RM2.8mil on 15 May, but sell off YTL RM3mil on the same day. today ytl in the top 20 most active counter.

i think ytl going to have a shock announcement, which i sense bad.

1.58 is too high to buy, 1.50 only consider.

this year nothing much surprise for ytlp, only ytl will have 3 hotels suggest procurement that annouced on 18 may