PEC Prometheus Regs

RNS Number:4166Y
Prometheus Energy Co
15 June 2007


                           Prometheus Energy Company

                        ("Prometheus" or the "company")



  Prometheus raises US $2.65 million loan for Polish coal-mine methane to LNG
                                    project


June 15, 2007


Prometheus Energy's subsidiary company, LNG-Silesia Sp. Zo.o., a Polish Limited
Liability Company, has been granted a Polish government-supported loan of US
$2.65m with Bank Gospodarstwa Krajowego, Poland. The loan will be used for the
construction of a coal mine methane-to-LNG project at the Krupinski Mine in
Katowice. One-half of the loan amounts can be forgiven once the project
is producing and selling LNG.


LNG-Silesia previously entered into an Equipment Purchase Agreement with
Prometheus to buy the purification and liquefaction system for the project.
LNG-Silesia has made a down-payment for the system, which is now in its final
design stages. LNG-Silesia was formed through a joint venture between Prometheus
and CETUS Energetyka Gazowa Sp. Zo.o.


Kirt Montague, Prometheus CEO commented: "This is an important and positive
development in our Silesia project and further supports the growth of our
presence in Poland. The Krupinski project will give important technical
validation for the application of our technology to the enormous supplies of
coal mine methane available in Poland. We are in the design phase of a series of
projects in Poland that will enable us to access supplies, which we estimate are
in excess of 75,000 gallons of liquid methane per day, to help meet the growing
demands for alternative energy in Poland. Our Polish joint venture adds a strong
strategic dimension to Prometheus not just in Poland but in the European
Community."




This press release does not constitute an offer for the sale of securities in
the United States. Prometheus' securities are restricted under US securities
laws and may not be offered or sold in the United States absent a registration
statement or a valid exemption from registration.





For further information contact:



Prometheus Energy Company                               +1 206 267 0800
Kirt Montague (Chief Executive Officer)
Dan Clarkson (Vice President)

Cubitt Consulting                                       +44 20 7367 5100

Simon Brocklebank- Fowler
Michael Henman
Allison Reid





Notes to Editors


Prometheus Energy Company is a public corporation with its shares traded on the
London Stock Exchange's AIM market. It is headquartered in Seattle, Washington.
Prometheus is a global alternative and renewable fuel company, specialising in
the production, distribution, and sale of liquid natural gas (LNG) from low-cost
waste and stranded sources of methane. The Company is an emerging leader in
distributed fuel production, integrating small-scale purification and
liquefaction systems that generate fuel near the end-user. For more information
concerning Prometheus please contact us at (206) 267-0800 or at
dclarkson@Prometheus-Energy.com


LNG-Silesia Sp. Zo.o., the joint venture Prometheus formed with CETUS Energetyka
Gazowa in 2005, has a new office located in Rudy, Poland, with nine full-time
employees, including five trained engineers who recently completed a four month
training programme in the United States. The employees are focused not only on
the Krupinski project, but also on business development and LNG sales
activities. CETUS has extensive engineering, operations, project development
experience, and existing relationships with several coal mine consortiums and
provides operation and maintenance services to the Polish National Gas Company
and its pipeline infrastructure.







                      This information is provided by RNS
            The company news service from the London Stock Exchange

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