att. mr sism ... G'day Mr Sism ...: )First paragraph of...

att. mr sism ...
G'day Mr Sism ...
: )
First paragraph of announcement 15/02/05 as below contains that of which you are seeking, ie- 36% reducing down to (a free carried) 23% strategic interest.

A very prudent investment exemplary of NDO management competencies recently ratified by the strategic agreement involving the intellectual property licensing between Cool Energy & Shell Global Solutions International BV, (announcement 07/06/05 also below).
Related article at the very bottom is from the 'EnergyReview.net' newsletter, ().

Hope this assists, warm regards & good luck ...
: )



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15 February 2005
Australian Stock Exchange Limited
Company Announcements Office
Level 10 Exchange Centre
20 Bond Street
SYDNEY NSW 2000
WA TECHNOLOGY SET TO SOLVE
GAS INDUSTRY CO2 PROBLEM
Nido Petroleum Ltd (ASX;NDO) is pleased to announce a strategic investment in a new
technology that is set to help commercialise gas fields marginalized by high CO2 levels.
Nido has become a 36% shareholder in Cool Energy Pty Ltd and will subscribe for a
series of redeemable convertible preference (RCP) shares in several stages over coming
months for a total consideration of A$1.595 million in 2005. Nido plans to divest a
portion of its shares to ultimately hold 23% of Cool Energy once subscriptions are
completed.
Nido Managing Director Mr Dave Whitby said that the technology has the potential to
commercialise gas fields throughout the world that were previously deemed uneconomic
because of their CO2 content, remoteness and/or small size.
"This is a WA developed technology that has the potential to solve a significant problem
for the oil and gas industry worldwide – the depletion of oil stocks, related focus on gas,
and the environmental issues surrounding CO2 emissions. There is significant interest in
this technology both nationally and internationally," Mr Whitby said.
"Nido's interest and involvement in Cool Energy compliments our value creation strategy
to place focus on the development of marginal gas fields in Australia and around the
world”.
Design and fabrication of a 2MMscfd pilot plant of the Cool Energy process, a new
cryogenic gas processing technology developed at Curtin University's Woodside
Research Facility with considerable support from Shell Global Solutions, will be field
tested at ARC Energy's Perth Basin gas field during the year with results expected by the
end of 2005.
Mr Whitby said that the benefits of the new technology, which had already proven
successful at laboratory scale, included:
• Removal of contaminants, particularly CO2 in liquid form from gas feedstocks
• Efficiently sequestering CO2 or making it suitable for other purposes
• Unlocking gas reserves currently stranded because of remoteness, size or level of
contaminants
• Economically harnessing flared gas and coal bed methane
• Lower operational costs (up to 25% less) than traditional CO2 removal methods
with costs reducing further as the amount of CO2 increases
• Further cost savings for companies under emission compliance pressure
"We are particularly gratified to have the ongoing involvement of Dr Robert Amin from
Curtin University and financial commitment through the subscription of RCP shares by
ARC Energy Limited, the Centre for Greenhouse Technologies Pty Limited (CEGT) and
Australian Development Capital Limited (ADK)” Mr Whitby said.
An A$1.9 million Start Grant from the Commonwealth Government has been approved
for Cool Energy. The Start Grant and the total private investment of A$3 million will
provide Cool Energy with sufficient funding over the next two years to complete its trial
and implement a market and commercialisation plan.
"With a total investment of $5 million, Cool Energy will seek to prove up its innovative
technology at ten times the scale of the successful laboratory testing."
Ms Jessie Inman has been appointed as Managing Director of Cool Energy and has over
20 years experience in international marketing and business development. Mr Allan
Hart, Technology Development Manager, is an engineer and gas processing expert with
more than 20 years international experience in the development of gas assets. In addition
Mr David Whitby will join the Board of Cool Energy.
For further information, contact:
Mr Dave Whitby
Tel 61 8 9321 2844
Attachment: Overview of the Cool Energy Technology

���� A commercialization vehicle for a novel gas
sweetening technology
���� Established in 2002 during early phases of
research and development
���� Developed at Woodside Hydrocarbon Research
Foundation at Western Australia’s Curtin
University of Technology in cooperation with
Shell Global Solutions
Cool Energy Pty Ltd

���� A new technology for removing CO2 from natural gas
more economically
���� With increasing gas demand high CO2 fields are
attracting much greater interest
���� Cool’s partners are Inventor Dr. Robert Amin, Curtin,
Nido Petroleum Ltd (Nido), ARC Energy Ltd (ARC),
Australian Development Capital Ltd (ADK), and the
Centre for Greenhouse Technologies (CEGT)
���� ARC providing demonstration plant site
���� $1.9 million START Grant approved
���� Nido, ARC, ADK, and CEGT providing balance of funds

Technology Description
���� Cryogenic gas
conditioning technology
���� Based on freezing and
gravity separation of solid
particles
���� Solids melted to liquid for
removal
���� Product streams are
sweet gas and
hydrocarbon liquids
���� Waste streams are
extracted as liquids
Cold Liquid CO2
Cryogenic Gas Sweetening
Sweet Gas
Dehydrated Gas
Cryogenic Separation
Reflux
Technology Development
���� Technology has been developed and successfully tested
at laboratory scale
���� Testing has succeeded in removing CO2 to both pipeline
gas and LNG specification
���� Will be demonstrated in conjunction with a
complementary gas dehydration technology developed
by Woodside Energy Ltd
Technology Advantages
���� Replaces chemical and physical solvent processes
���� Fewer equipment components – lower capital cost,
smaller footprint, less operating complexity
���� No chemical consumption – lower cost, no chemical
hazards (environmental advantage)
���� Cost advantages increase with increasing CO2 level
���� Sweet gas is cooled half way to LNG temperature
���� CO2 is taken off as a liquid – greatly reduced cost for
geo-sequestration (environmental advantage)
Technology Applications
���� Gas fields marginalized due to high C02 content,
remoteness and/or size
���� Sour gas plant capacity expansion
���� Gas treating unit replacement
���� Coal bed methane projects
���� Landfill gas processing
���� CO2 geo-sequestration
���� CO2 miscible flood enhanced oil recovery projects
World Proven Gas Reserves End of 2003
BP Statistical Review of World Energy 2003
2-4bcf/day of gas production added per year
BP Statistical Review of World Energy 2003

Demonstration Site

Maannaaggiinngg DDiirreeccttoorr,, JJeessssiiee IInnmaann
�� Twenty years of international marketing and business development
experience
�� Expert in managing multi-stakeholder projects/companies (private,
public and educational) in a wide range of sectors including resourcebased
industries
�� Strong past leading projects and companies
�� Regarded for ensuring goals are set and attained
�� Cross-cultural expertise in developing and maintaining an international
business
�� Self-motivated, disciplined and results-oriented with energy and a
dedication to excellence in the way activities are undertaken and
executed
�� Masters in Business Administration
�� Twenty years of international marketing and business development
experience
�� Expert in managing multi-stakeholder projects/companies (private,
public and educational) in a wide range of sectors including resourcebased
industries
�� Strong past leading projects and companies
�� Regarded for ensuring goals are set and attained
�� Cross-cultural expertise in developing and maintaining an international
business
�� Self-motivated, disciplined and results-oriented with energy and a
dedication to excellence in the way activities are undertaken and
executed
�� Masters in Business Administration
TTeecchhnnoollooggyy DDeevveellooppmeenntt Maannaaggeerr,, AAllllaann HHaarrtt
�� Twenty-eight years in the international oil and gas business
�� Twelve years experience in P&ID engineering and project management
with EPC contractor
�� Expertise in contracting, development planning, and international sales
and transportation contracts
�� Decision & Risk Analysis expertise and strong capability in probalistic
economic modeling
�� Among others, responsible for conceptual design, process selection and
definition engineering for the 425 MMscfd Corridor Block Gas Project, a
high C02 gas development in Indonesia.
�� Track record for development concepts to monetize stranded gas
�� Previous experience developing and demonstrating new technologies
�� Bachelor of Science in Mechanical Engineering, minor in economics.
�� Twenty-eight years in the international oil and gas business
�� Twelve years experience in P&ID engineering and project management
with EPC contractor
�� Expertise in contracting, development planning, and international sales
and transportation contracts
�� Decision & Risk Analysis expertise and strong capability in probalistic
economic modeling
�� Among others, responsible for conceptual design, process selection and
definition engineering for the 425 MMscfd Corridor Block Gas Project, a
high C02 gas development in Indonesia.
�� Track record for development concepts to monetize stranded gas
�� Previous experience developing and demonstrating new technologies
�� Bachelor of Science in Mechanical Engineering, minor in economics.
Maannaaggiinngg DDiirreeccttoorr,, NNiiddoo PPeettrroolleeuum LLttdd,, DDaavviidd Whhiittbbyy
�� Twenty-three years experience in the oil and gas industry.
�� Currently, Managing Director, Nido Petroleum Limited
�� Project Director for West Java Gas Project for ConocoPhillips
�� Senior Advisor to the Board of Gulf Indonesia presenting the interests of
minority shareholders in the takeover of Gulf Indonesia by Conoco
�� Worked with Gulf Canada (now ConocoPhillips) for 11 years holding the
position of VP, Business Development and President of Gulf Australia
�� Rose from field operator to Vice President of Heavy Oil Division of Husky
Canada
�� Particular success in developing greenfield gas projects
�� Strong business acumen, strategic analysis and experience at all levels of
the oil and gas sector from field operations to the corporate boardroom
�� Twenty-three years experience in the oil and gas industry.
�� Currently, Managing Director, Nido Petroleum Limited
�� Project Director for West Java Gas Project for ConocoPhillips
�� Senior Advisor to the Board of Gulf Indonesia presenting the interests of
minority shareholders in the takeover of Gulf Indonesia by Conoco
�� Worked with Gulf Canada (now ConocoPhillips) for 11 years holding the
position of VP, Business Development and President of Gulf Australia
�� Rose from field operator to Vice President of Heavy Oil Division of Husky
Canada
�� Particular success in developing greenfield gas projects
�� Strong business acumen, strategic analysis and experience at all levels of
the oil and gas sector from field operations to the corporate boardroom
PPrroojjeecctt Maannaaggeerr,, KKaarreell VVeerrsscchhooooff
�� Project manager for the demonstration plant for both Cool Energy and
Woodside
�� Fourteen years experience with an international oil and gas company
�� Seven years consulting specializing in project management, facilities
engineering, drilling equipment and training development
�� Extensive project engineering and management expertise working in
Scotland, Kazakhstan, Oman, The Netherlands and other EU countries
�� Excellent abilities in managing multi-stakeholder objectives in a single
project
�� Extensive experience with the development and demonstration of new
technologies
�� Bachelor of Science in Mechanical Engineering and continuing education
in gas processing, project economics, and quality management
�� Project manager for the demonstration plant for both Cool Energy and
Woodside
�� Fourteen years experience with an international oil and gas company
�� Seven years consulting specializing in project management, facilities
engineering, drilling equipment and training development
�� Extensive project engineering and management expertise working in
Scotland, Kazakhstan, Oman, The Netherlands and other EU countries
�� Excellent abilities in managing multi-stakeholder objectives in a single
project
�� Extensive experience with the development and demonstration of new
technologies
�� Bachelor of Science in Mechanical Engineering and continuing education
in gas processing, project economics, and quality management
PPrroocceessss EEnnggiinneeeerrss && FFaabbrriiccaattoorrss -- PPrroocceessss GGrroouupp
�� One of Australia’s leading suppliers of gas processing systems
with particular expertise in packaged, skid-mounted units
(Company founded in 1978)
�� Experienced in all aspects of project execution
�� Estimation, process, detailed engineering design, procurement,
construction, fabrication and commissioning
�� Process Group owns its own fabrication facilities and have the
expertise to undertake this demonstration project
�� Previous experience with cryogenic engineering
�� IS0 9001 accredited
�� One of Australia’s leading suppliers of gas processing systems
with particular expertise in packaged, skid-mounted units
(Company founded in 1978)
�� Experienced in all aspects of project execution
�� Estimation, process, detailed engineering design, procurement,
construction, fabrication and commissioning
�� Process Group owns its own fabrication facilities and have the
expertise to undertake this demonstration project
�� Previous experience with cryogenic engineering
�� IS0 9001 accredited
On-going work….
���� Cool Energy and Woodside contracted PCT Engineering for the
Basis of Design - Completed
���� Currently working on Front End Engineering Design
���� Contract for detailed design and fabrication to be awarded to
Process Group
���� Two year budget completed with Milestones
���� Held first meeting with DOIR (CA for permitting)
���� Master Project Schedule currently being prepared
Summary
���� Significant Australian Government investment via
START Grant
���� Technology to commercialise and improve economics of
gas fields in a world increasingly dependant on high
priced natural gas.
���� Management experienced in real world gas field
development
���� Partners – Inventor Dr. Robert Amin, Curtin University,
Nido, ARC, ADK and CEGT
���� Will provide a new solution for challenges faced by gas
producers in the future



****
16 February 2005
Australian Stock Exchange Limited
Company Announcements Office
Level 10 Exchange Centre
20 Bond Street
SYDNEY NSW 2000
ADDITIONAL INFORMATION ON COOL ENERGY
INVESTMENT
We refer to the Stock Exchange Release dated 15th February 2005 with respect to the
abovementioned subject.
Nido’s investment in Cool Energy is consistent with its previously stated strategic value
proposition principals in the oil and gas business. Should the Cool Energy technology
prove successful it will provide Nido with greater opportunities to advance existing
exploration and exploitation activities, particularly in the area of marginal fields in the
future.
Of the total commitment of A$1.595million in 2005, Nido’s initial consideration is
$680,000. This consists of an initial acquisition cost of an existing shareholders interest
in Cool Energy, with the balance payable by 1 September 2005 and subscription for the
first tranche of RCP shares. The balance of the RCP subscription shares being payable in
various tranches during 2005. Each tranche is subject to a number of rigorous milestones
including completion and the successful operation of the pilot plant before being payable.
Nido has previously stated its intention to divest a portion of it shares and has entered an
option to do so by the sale of 1.8m ordinary shares for A$450,000.
Nido may at any time convert the RCP shares to ordinary shares on a one for one basis.
If prior to conversion Cool Energy issues any shares for less than 25 cents then the RCP
shares convert to 25 cents worth of ordinary shares at such lower issue price.
For further information, contact:
Mr Dave Whitby
Tel 61 8 9321 2844



****
7 June 2005
Australian Stock Exchange Limited
Company Announcements Office
Level 10 Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Dear Sir
COOL ENERGY SIGNS STRATEGIC AGREEMENT WITH SHELL
Nido Petroleum Limited (ASX:NDO) is pleased to announce that its gas technology
investment, Cool Energy Pty Ltd, has signed an Intellectual Property Licensing
Agreement with Shell Global Solutions International BV, a subsidiary of Royal Dutch
Shell. The agreement covers:
• Sharing of intellectual property developed by either party.
• Cooperation with Shell in technology development.
• The business areas in which Cool Energy and Shell may commercialise the
technology.
Cool Energy’s CryoCell technology is an innovative gas sweetening process that removes
CO2 in liquid form from natural gas resources, potentially solving a significant
environmental problem facing the gas industry worldwide and at the same time allowing
the commercialization of previously uneconomic gas fields due to their CO2 content,
remoteness or small size. Cool Energy holds global intellectual property rights for the
technology which was developed at Curtin University’s Woodside Hydrocarbon Research
Foundation with considerable support from Shell.
On 23 March 2005, Cool Energy signed a contract with Process Group, a gas facilities
design company located in Melbourne, to construct a 2 MMscfd plant to be installed on a
gas field in the Perth Basin to field test the technology. The agreement with Shell sets
out how the information from the field test will be shared as well as plans to share
information from future CryoCell commercial developments. Shell and Cool Energy
agree that early commercial projects will be critical to the successful utilisation of the
technology in a vast and growing global gas industry.
Cool Energy Managing Director, Jessie Inman, stated that “this is an exciting milestone
for Cool Energy, both from the point of view of the significant market potential of our
business areas as well as future development cooperation with one of the world leaders in
the global gas business”.
Nido made a strategic investment in Cool Energy in February 2005 (refer to Nido’s
Australian Stock Exchange announcements on 15 & 16 February 2005) in order to realize
the value of this technology. Nido’s Managing Director, Dave Whitby stated “we
invested in this technology as we saw it had potential for world wide impact in the gas
industry and feel this has been confirmed with the licencing agreement with Shell”.
For further information, contact:
Mr Dave Whitby
Tel: 61 8 9321 2844



****
Nido shares Cool ideas with Shell



Wednesday, June 08, 2005
A GAS sweetening process that could open up previously uneconomic reserves is heading to local field testing as its West Australian developers reach an agreement over intellectual property rights.

Perth-based minoow Nido Petroleum announced yesterday that its gas technology investment, Cool Energy Pty Ltd, had signed an intellectual agreement over its CryoCell technology with Shell Global Solutions International, a subsidiary of Royal Dutch Shell.

The licensing agreement with Shell confirmed CyroCell's potential for worldwide impact on the gas industry and the value of Nido's February investment in Cool Energy, Nido managing director Dave Whitby said.

In March, Cool Energy also signed a contract with Melbourne gas facilities design company Process Group to build a 2 million cubic feet per day field test plant in the Perth Basin.

Cool Energy holds the global intellectual property rights for the technology developed with Shell's backing at the Woodside Hydrocarbon Research Foundation at Perth's Curtin University.

CyroCell removes carbon dioxide in liquid form from natural gas, potentially solving a significant environmental problem facing the gas industry worldwide, Cool Energy claims.

It may allow the development of gas fields which are currently uneconomic because of their CO2 content, remote location or small size.

This week's agreement allows sharing the intellectual property developed by both parties, cooperation with Shell in technology development and business areas in which Cool Energy and Shell may commercialise CyroCell. It also covers the knowledge gained from the field tests.

Cool Energy managing director Jessie Inman said the agreement was a milestone because of the technology's market potential and the future development cooperation with Shell, a leader in global gas business.