EDEN INNOVATIONS LTD — Call Transcript 2011

Dec 7, 2011

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ACN 109 200 900
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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

08 DECEMBER 2011

BoardRoomRadio.com AUDIO BROADCAST

EDEN ENERGY LIMITED (ASX: EDE) provides the opportunity to listen to an audio broadcast with Mr Greg Solomon, Executive Chairman and Boardroomradio.

The presentation details are as follows:

• Eden Secures First Large US Optiblend Order - Mr Greg Solomon, Executive Chairman

• Presented by Mr Greg Solomon, Executive Chairman

• Wednesday, 7 December 2011 4:00PM AEST

To listen , click http://www.brr.com.au/event/89904

Transcript

RADIO INTERVIEW WITH GREG SOLOMON, EXECUTIVE CHAIRMAN, EDEN ENERGY LIMITED, CONDUCTED ON WEDNESDAY, 07 DECEMBER 2011

BRR Today on BRR I’m joined once again by Mr Greg Solomon, Executive Chairman of Eden Energy. Greg it’s nice to have you back.

GS

Thanks very much Tom.

• BRR Greg we’ve been reading a few announcements that have been out from Eden Energy lately. I’d like to start by asking you about this most recent Optiblend order, what does it mean for EDE?

• GS The most recent announcement went out this morning was that we’ve actually secured an order for 12 Optiblend kits for a major international drilling company. The importance of this is that it’s the first multi-unit order that the US has secured for the Optiblend kit. We have had some multi-unit orders in India, but this is the first one in the US and it opened up a potentially very, very large market, because it’s actually for the oil and gas market and it potentially could lead the way toward a positive cash flow within the next 12 months.

BRR Okay good. And how is Optiblend going in India, what’s happening there?

• GS The Optiblend in India is going extremely well, the only thing that has been holding it back has been the fact that natural gas prices have been allowed to rise, whereas the government has put a cap on diesel prices and that has restricted it. Nevertheless we have got multiple orders and I think we’re anticipating receiving

Level 40 Exchange Plaza, 2 The Esplanade, Perth, Western Australia, 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Website: www.edenenergy.com.au

another three orders from the same company that’s already installed three of the units in a major machinery plant in Northern India. We’ve also got some very large potential distributors of generators and generator equipment interested in taking on distributorships which we are talking to people about and we’ve got similarly very significant emerging interests starting in Bangladesh. Now none of this is yet translated into real sales, but the potential market in all of those countries is literally colossal, there’s hardly a building in the country on this - in fact there’s no major building in the country that doesn’t have its own generator, and all of them are just about entirely running on diesel, with the availability of gas, starting to emerge and particularly if the diesel price now is allowed to rise and the normal differential between gas and diesel prices emerges there is a very, very large potential market going to open up in India.

BRR Okay great. It sounds like quite a bit of potential there. In terms of your cash flow situation at the moment, how are you placed?

GS Cash flow is modest, these units are obviously generating cash flow, the Indian company has largely been self-sufficient, financially self-sufficient throughout the entire year and I’m anticipating it will reach full financial self-sufficiency over the next few months. The US company is certainly still requiring financial support but we do have a rights issue underway at the moment and with that – with the funds we hope will come in from that plus the emergence of cash flow coming from the Optiblend sales and from the carbon sales which are starting to also increase and grow, we’re hopeful that we can get to a positive cash flow for the US operation by the end of next year as well.

BRR Fantastic. And just to wrap things up, you’ve got a rights issue that’s underway at the moment, how’s that progressing?

GS The rights issue at the moment is progressing slowly, I think these days people have the option of paying electronically and that gives you the ability to leave it until very late in the day before you actually commit on making the investment. I think in the current financial markets I think people are very cautious they’re waiting to see exactly how things are going, but I think the flow of positive news has certainly seen our share price now rise back over the issue price in itself and with the free attaching EDEO option which is now trading at one cent, it puts the overall package at significant higher market value than what the issue price is. So I’m certainly quietly confident that we can raise a reasonable amount of money if not all of the money in the rights issue and I think the future for the company then will look extremely strong.

BRR Very good. Well Greg thank you very much for joining us today, we appreciate your time.

GS Thanks very much Tom.

INTERVIEW CONCLUDED

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Gregory H. Solomon Executive Chairman

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