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TRCPA

07/31/13 9:48 AM

#42668 RE: Fasctrack #42667

Fasctrack......haven't gone through it all yet. Mainly looking for clues as to what their palm pelletizing and biomass plans are.

A few hints so far......but no smoking gun that I have seen.

The next step normally for QL is.....discussions with analysts.

This may yield more specifics on EFB's and biomass....along with their forthcoming AGM.

As Net-Man indicated yesterday, and as the facts indicate......QL has a large palm plant in Indonesia, many times the size of the one in Malaysia. They still need to do something with the EFB's there. It would seem logical....especially after obtaining the United Nations CDM (which was noted in the annual report) that they would follow through there with the same process, which would include KDS. In the case of Indonesia, it would take something in the neighborhood of 20 or so KDS to do the job.

Then there is the QL reseller function to other palm plantations.... for the KDS. And their other biomass plans......which are still short on specifics.....although their biomass energy division has been put out there prominently.