Don't get too carried away hibba. Good luck to CNX and may it...

Don't get too carried away hibba. Good luck to CNX and may it all come to something good. (What's good for UCG is good for CXY.) But this is only a HOA at this stage.

Carbon Energy (ASX:CNX, OTCQX:CNXAY) announced today it had signed a Heads of Agreement (HOA) and agreed commercial terms, to become the exclusive underground coal gasification (UCG) technology partner to Shanxi Sanyuan Coal (wholly owned by Shanxi Coal Transportation & Sales Group Co Ltd) (“Shanxi Coal”) for the Shanxi Province.

From memory, CXY signed a heads of agreement with Eneabba Gas. Didn't come to anything.