Well reading through the reports this quarter is very important...

Well reading through the reports this quarter is very important for management (they have said that their heavily invested in Eden).

Possible.......outcomes?

1. Whilst no significant progress was made on these Indian Hythane® projects during the quarter, there remain definite signs of an increased level of interest from the Indian Government to proceed with its both its hydrogen projects and the proposed HCNG programme, and Eden remains hopeful that these projects will proceed during the next 6-12 months. This interest has resulted in the Indian government calling for tenders to build another hydrogen station in Delhi, and whilst the list of tenderers has been reduced from five to two in the initial review, Eden Energy India is one of the remaining two tenderers. The outcome of this tender is anticipated in the current quarter.

2. Eden is currently, and during the quarter has been in negotiations with a number of parties in relation to selling these gas assets into a new company in which Eden is anticipated to hold a significant interest, and is optimistic that a sale on suitable terms may be able to be achieved during the next three months.

3. Eden remains hopeful that it will be successful in its claim to recover approximately $1m that is still owed to Eden from the sale in 2009 of some of the hydrogen assets, and in respect of which it has been awaiting a decision in its summary judgment application from the Supreme Court
of Western Australia since July 2011. Further, Eden is hoping to be able to raise some cash from the proposed sale of its UK gas assets. If these occur, it is anticipated that Eden will not need to draw down further funds from La Jolla.

4. Carbon nanotubes being just a very pure/refined form of graphite.

Umm could be some light for you long term holders. I hold and knew the risks, even at 2c it has risk. Going back to Nov 11, the share price was tickling along nicely. LaSella has wiped over half the value of the company on paper but to me it looks like smart money is starting to accumulate a few shares at the moment....and who better to do it from than LaSella?