From the administrators' statement

PLC was incorporated as Coal Power 2 Limited on 27 April 2004 and changed its name to Speed Developments Limited on 5 May 2004 Its principle activity was listed as the development and selling of real estate

On 14 February 2006 1n advance of an intended listing on the AIM market PLC applied to become a public company and changed its name to Powerfucl Plc Just prior to the scheduled listing, PLC secured investment from KRU (a Russian Coal company)

During the financial year ended 31 December 2006, PLC secured the Hatficld Licence and started to re-develop the Hatficld Colliery to access the Barnsley Scam some 70 metres below the mines previous workings In Aprit 2007 Tecalson Investments Limited headed by Mikhail Abyzov, a former Board Member of KRU, acquired KRU’s shareholding in PLC

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Powerfuel Mining Limited (06087986)

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