Energy World Corporation Ltd

Asian Activities Report for October 7, 2011 includes: Blue Energy Limited (ASX:BUL) has successfully drilled its Monslatt 9 coal seam gas well in Bowen Basin, Queensland; CBD Energy Limited (ASX:CBD) has signed an agreement to acquire energy retailer Neighbourhood Energy; CBD Energy Limited (ASX:CBD) has signed an agreement to acquire energy retailer Neighbourhood Energy; Energy World Corporation Limited (ASX:EWC) has signed a Memorandum of Understanding with the East Java Provincial Government in relation to the development and construction of an Liquefied Natural Gas Import Receiving Terminal and associated facilitates in East Java, Indonesia; TVN Corporation Limited (ASX:TVN) has revised its Exploration Target for the Target Resource Area in the south western portion of the Nuurst licence to 200-300 million tonnes of thermal coal.

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that it has agreed to sell its 2% Naccowlah Block Joint Venture interest and associated exploration permit ATP 259P and production licenses to Bounty Oil & Gas NL (ASX:BUY) (PINK:BYOGF) for A$1.15 million comprised of A$950,000 in cash and A$200,000 in BUY common stock.. The Naccowlah Block Joint Venture is owned by Santos Ltd (ASX:STO) (PINK:SSLTY) (55.5%) as operator, Beach Energy Ltd (ASX:BPT) (PINK:BEPTF) (38.5%), IOR Energy Pty Ltd (2%), Energy World Corporation Ltd (ASX:EWC) (PINK:EWCLF) (2%) and DLS (2%).

Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that the Watson West-1 exploration well has encountered sufficient pay to be cased and suspended as a future oil producer in the Basal Birkhead Formation.

US shares overnight declined, led by telecommunications sector. Sprint Nextel officially unveiled a new mobile phone able to tap into super-high speeds. Sprint Nextel rallied but all other telecom fell on competitive worries. Portugal's credit rating downgrade also weighed on the US market. Most Asian markets posted modest gains Wednesday. Japan's Nikkei index was up 0.4. China's Shanghai Composite and Hong Kong's Heng Seng Index advanced 0.1 per cent each, helped by strong corporate earnings reports. South Korea's Kospi slightly declined by 0.05 per cent.

Energy World Corporation Ltd (ASX: EWC) - Update and Recent Placement to Ellerston Capital - Mr Stewart Elliot, MD and Chairman; Boardroomradio is pleased to announce that Energy World Corporation Ltd (ASX: EWC) has published an audio file.