New Operations Manager

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Mike Lamb resigned as Operations Manager in June this year and has been replaced this Month by Nick Brook.  Nick lives near Ashburton and had been Engineering Manager at RX Plastics for nine years.  Nick is coming up to speed with the complexities of operating the scheme and is contactable on 0274 224258 or nick@bciwater.co.nz.

Mike came to the scheme when it was very new and has been instrumental in establishing policies and systems to ensure the smooth delivery of water to customers.

Stage Two Considered

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The BCI Scheme is considering development options for the stage two area.  The stage two area fits between Lauriston, Barrhill and State Highway One.  Potential irrigators in the area have been surveyed and the response has been positive.

The intention is to deliver water to the area by gravity at Barrhill and install a pipe line to provide pressurised water to irrigators.  The consented Ashburton Community Water Trust canal is one of the delivery options being considered as well as more regionally integrated alternatives.  MPI is assisting with funding the engineering work.

Capital Raising Extended

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BCI Limited has extended the closing date of its capital raising until 29 June 2012 to allow further applications for water and shares. Further uptake to date under the prospectus has been reasonable but more water is available.