The Board of Alkane Energy report that by 26 April 2012, all conditions precedent of the conditional acquisition of Greenpark Energy Limited were satisfied and the Acquisition has now completed.

Following the Acquisition, Alkane is now the largest operator of Coal Mine Methane (CMM) in the UK and has a sizable presence in power response operations, with, in total 70MW of installed generating capacity and an electrical grid capacity of 92MW across 19 sites.

Alkane has further extended its position of having the UK's leading portfolio of CMM licences, which includes a further seven CMM gas exploration licences from Greenpark, along with sites currently under investigation which will secure the project pipeline over the short to medium term.

Tags: Alkane Energy plc