Company Overview / History

Ambre Energy was founded in June 2005 by Edek Choros, a geologist and mining engineer who had emigrated to Australia from Poland in the late 1980s.

The opportunity to start Ambre Energy arose following the sale in October 2004 of a very successful metallurgical coal mining project known as the Millennium Coal project which was also founded by Edek Choros. Commencing in 1999, the Millennium Coal project was developed with the support of a number of shareholders, some of whom are now also investors in Ambre Energy. The Millennium Coal mine is located in the Bowen Basin of Queensland, Australia.

Ambre Energy’s initial step was to file a patent in September 2005 in respect of a Hybrid Energy System for processing low value coal and other carbonaceous materials to produce high value char, hydrocarbon liquids and gas. This concept was the culmination of many years of experience and research in the mining and utilization of coal.

To optimize the system, it was necessary to identify a suitable retorting technology for continuous, low temperature pyrolysis of coal.

After an extensive search and examination of various retorting technologies, in April 2006, Ambre Energy approached a company in Utah, Oil-Tech, Inc., which had developed and patented a novel retorting technology for the pyrolysis of oil shale to produce oil. Moreover, Oil-Tech had built a pilot plant which could demonstrate the capabilities of the technology by processing 24 tons of oil shale per day. Oil-Tech is now a wholly-owned subsidiary of Ambre Energy.

After establishing new offices in Brisbane and Salt Lake City, and forming a team of dedicated employees and consultants towards the end of 2006, the company set about taking the steps required to develop the Hybrid Energy System and coal mining projects.

A series of successful equity raisings in 2008 allowed Ambre Energy to develop its assets, corporate structure and staff resources in a way which has greatly enhanced the value of the company.

In order to manage the growth in US activity, all of the company's US assets are now held directly or indirectly in a wholly owned US subsidiary, Ambre Energy North America, Inc. with its own CEO. In Australia, all of the assets relating to the Felton Clean Coal Project are held in a separate subsidiary, as are the remaining exploration permits.

The company is now actively pursuing the acquisition of coal mining operations in the USA with a view to securing sizable reserves for sale to the local power generation market and the future application of beneficiation technologies to enhance the value of these reserves.