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Ann: Coal Resource Upgrade Exceeds Expectations , page-2

  1. CoalKing
    13,243 Posts.
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    19/03/09
    09:34
    Post #: 4919975
    re: Ann: Coal Resource Upgrade Exceeds Expect... YAY!

    Carbon Energy Limited (“CNX”) today released further results of its drilling programme which has been in progress at Bloodwood Creek and Kogan. The latest analysis of the drilling data confirms a much greater than expected increase (+125%) to its total resource which has risen from 296.9 million tonnes to 668 million tonnes (indicated and inferred). 364 million tonnes of this resource is in coal seams greater than 5m thick which are an optimal target for underground coal gasification.
    CNX Price at posting: 24.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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