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Re: STOCK_MOMO post# 2470545

Wednesday, 11/16/2011 10:36:41 AM

Wednesday, November 16, 2011 10:36:41 AM

Post# of 4974986
Here's the news:


BLUE SPHERE CORP
Symbol U : BLSP
Recent Sedar Documents
Blue Sphere Announces Commencement of the First Phase of Project Implementation at the Oti Sanitary Landfill in Kumasi

2011-11-16 10:30 ET - News Release


EVEN YEHUDA, Israel, November 16, 2011 /PRNewswire/ --

Blue Sphere Corp. (OTCBB: BLSP) (the "Company" or "Blue Sphere"), a company in the Cleantech sector as an emission reduction and renewable energy project integrator, is pleased to announce that it has arranged to commence drilling wells in the Oti Sanitary Landfill in Kumasi, Ghana within the next 3-5 weeks to assess the quantity of biogas in the landfill.

The program will consist of drilling 3 boreholes in the existing cells of the landfill. This will allow the measurement of gas under a range of conditions and to ascertain the optimal spacing of the wells for maximum gas extraction. These wells can be used later on, which will reduce the final cost of the project.

The landfill site was opened in 2004 and is expected to receive waste until 2020. As such, the landfill will continue to create and emit methane until 2040.

There is potentially the option of power generation, subject to economic factors. As the landfill is engineered, sanitary and deliveries of high-organic content waste are received on a daily basis, and the required ingredients for successful power generation are present.

"Drilling the wells represents tangible progress in implementing the project and will allow us to move quickly to full project implementation," said Shlomi Palas, CEO of Blue Sphere Corp.


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