Achievements
The following overview represents a summary of the key milestones achieved in the general development of the company:
| 2010 | |
| April | CGS provides Fluor Limited Notice to Proceed |
| March | The German authorities have granted the Rahmenbetriebsplan Permit for our Phase 1 developments in Epe. |
| January | CGS has appointed ILF as the Lender's Engineer |
2009 |
|
November |
Tender for EPC |
November |
Public hearing for Rahmenbetriebsplan (Frame Operating Plan) permit |
July |
Submission of Rahmenbetriebsplan (Frame Operating Plan) |
June |
RBS engaged as Equity Advisor (private placement) |
June |
Commissioned Fluor Engineers of The Netherlands to review FEED (Front End Engineering and Design) and study and quantify EPC |
June |
Completed FEED (Basic Engineering) of phase 1 |
February |
Application made to E.ON/RWE (regional gas network operators in Germany) for grid connection |
January - February |
CGS management met with the German energy market regulator in Bonn and its EU counterpart in Brussels, to address any competition matters and compliance with current German and EU regulatory frameworks. CGS’ Epe project was received positively by both regulators. |
January |
Scoping document of the application for Rahmenbetriebsplan (Frame Operating Plan) submitted to Bezirkregierung Arnsberg. This permit is the necessary to enable the project to be financially closed. |
|
2008 |
November |
Landschaft und Siedlung (LUS) of Recklinghausen, Germany, has been retained to oversee the environmental data collection and analysis of the environmental impact study and reporting work. |
November |
Private placement closed with large bank |
November |
Cavern Option Agreement notarized and closed with Salzgewinnungsgesellschaft Westfalen (SGW) |
November |
Capacity Option Agreement signed and closed with trading arm of large bank |
October |
Surface Rights Land Options agreed with landowner for phase 1 facility |
October |
Capacity option agreements signed with 34 Stadtwerke |
July |
Seed round financing closed |
June |
Consultant firm of Germany retained to assist with local land acquisition and development work |
March |
Signed reservation agreement with a large global commodities trading group |
February |
Began seed round investment |
|
2007 |
November |
Signed SGW cavern reservation agreement |
August |
Continental Gas Storage BV incorporated as Dutch private limited liability company |
Last update: 14 April 2010