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Greenpower to take on Planet Gas CBM projects
25-June-07
Written by Edited announcement

Sydney-based coal bed methane company Planet Gas Ltd will sell its Australian projects to the Alan Flavelle-chaired Greenpower Energy Ltd, ahead of its planned initial public offer.

Mr Flavelle, the former chair of Red River Resources Ltd, will be joined on the Greenpower board by St John Council chair Gerard King, Oakbridge director Ron McCullough and Toyota Tsusho adviser Takanao Mitsui.

The company, formerly known as Gunnedah Coal Company Ltd, will focus on the exploration, appraisal, drilling and development of CBM projects in Australia, as well as considering new acquisitions.

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