bullish, page-63

Also some snippets from Eneabba's annual report to shareholders.

The company believes that CNX has the access to advanced technology and demonstrated proven ability in successful development of a UCG project of this nature.
Most importantly through this agreement they would be able to provide a reliable and sustainable source of gas supply for the proposed Centauri 1 Power Station.

In addition, EGL is also the ONLY energy company in the Mid West region to hold an Economic Regulation Authority (ERA) generation licence - a licence needed to commence power generation.

To this end the company has reached an agreement to aquire four GE LM 6000 Gas fired turbines which will allow construction to commence on site immediately and for the plant to be operational in approx 14 months, or as soon as take or pay contracts for Mid West iron ore customers are confirmed.

Significantly for the mining companies in the region, generation capacity for the centauri 1 power station can be easily increased to 365 MW under the proposed plants existing technical specifications.


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Seems like CNX might have the first decent sized Australian UCG power station up and running in approx 14 months. This will create a decent sized cash flow too.
Sounds encouraging. More good news to come still.

LM