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