You're right, Jazza. According to the announcements from February 14th and 15th (p 2 of http://www.asx.com.au/asxpdf/20110214/pdf/41wrbfymmq9gxg.pdf and p 17 of http://www.asx.com.au/asxpdf/20110215/pdf/41ws76jv7p9pxh.pdf) power production will start mid April at the earliest:
"Carbon Energy expects the following work schedule:
Mid February - Mid March 2011 - Installation of additional monitoring wells
Mid March - Mid April 2011 - Initiation and commissioning of UCG Panel 2 - Establishment of consistent syngas flow
Mid April - End May 2011 - Introduce syngas to engines and conduct engine testing - Finalise environmental amendments to ramp up to full production - Commission engines and ramp up power production
June 2011 - Export of electricity to the grid"
CNX Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
