"Adani will bear all costs throughout the exploration phase, including Carbon Energy?s reasonable costs, until exploration has been successfully conducted and a suitable UCG resource established. Adani and Carbon Energy then anticipate forming a joint venture company in India in which Adani will have a 75% share and commitment and Carbon Energy will have a 25% share and commitment."
CNX Price at posting:
32.5¢ Sentiment: Buy Disclosure: Not Held