Just believe in cnx 100% it's going to be much bigger than where we are now, (preaching to the converted i know) it's only a matter of time (And a lot of wheeling and dealing from cnx managemet of course) this time frame could still be another 1-3 years with obviously some SP increases and pull backs along the way but really big bang at least a year away imo. More than likely somewhere towards the end of 2011, but will be another significant announcement before the end of this year (possibly more) in relation to 20MW power station, my reasoning for the 2011 is because this is when the Govt stuff is due to be announced but I think the lease side of things are a formality compared to all of the other details but having said this feel very confident!
Cheers
The combined UCG and carbon capture and storage project at a 20 MW scale will assist Carbon Energy and its commercial partners in the technical and commercial assessment for the development of the Blue Gum Energy Park. These major developments will be subject to Carbon Energy obtaining a Mining Lease and associated approvals from the Queensland Government including a satisfactory outcome from the technical and environmental review of UCG as outlined in the Queensland Government's announced UCG Policy. Carbon Energy has submitted its Mining Lease application and is actively working with the relevant Government departments to progress the approvals and review process. It is anticipated that these processes will be completed no earlier than December 2010 at which time Carbon Energy will be in the final stages of completing its financial assessment with its commercial partners.
CNX Price at posting:
59.5¢ Sentiment: LT Buy Disclosure: Held
