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JSX Energy Looks to Produce Clean Renewable Power in Thailand Adding Ten Million Dollars in Annual Cash Flow

Posted on: Monday, 2 April 2007, 12:00 CDT

In anticipation of future operations and increased demand for electricity, JSX has commissioned a preliminary feasibility study to assess the economic viability of a full scale solar energy project on one of its petroleum concessions in northwest Thailand. National statistics show the area to be amongst the driest in the Country while enjoying an above average amount of sunshine; making it an ideal location for such a venture.

Investments in solar are consistent with the Thai Government's new energy policy which include generous subsidies that make solar as attractive as traditional energy sources. Under a long-term offtake agreement with the Provincial Electric Authority, a 10 megawatt plant would generate approximately US$10,000,000 in annual cash flow, including carbon credits.

The Thai Government is aggressively promoting all forms of renewable energy and recently announced several initiatives to stimulate investment in the sector. Under the new plan, solar power qualifies for the highest subsidy per kilowatt-hour, making it competitive with other energy sources for the first time in history. The study will be based on best available technologies and results are expected within three months time.

JSX ENERGY INC. (OTC:JSXG) (FWB:JXN) (WKN:A0LGD2) (ISIN:US46629L1070) is an aggressive exploration company focused on high growth opportunities in Thailand's petroleum sector. Management is comprised of leading experts in Thailand's energy Industry who have positioned the Company to benefit from revised government policies designed to increase domestic production. http://www.jsxenergy.com

A number of statements contained in this report are forward-looking statements, which are made pursuant to the Safe Harbour provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors not set forth herein. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.

Source: Business Wire

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