Potential is huge, and at a market cap of $61,000,000 - cheap as...

Potential is huge, and at a market cap of $61,000,000 - cheap as well - following the purchase of Carbon Trading and their other assets; gold, uranium, IOCG tenements.

MEE are moving away from these assets to becoming a significant energy company and the potential to become one of the world's leading producers and suppliers of clean liquid fuels. At todays prices with a mkt cap @61 million, the company offers plenty of upside IMO.

This technology will transform coal to gas and gas to oil/diesel at a cost per barrel far below the traditional oil prices with the advantage of environmental upside. This is were the 'big bang for buck is'.

MEE = Carbon Energy (key announcements).

> Carbon Energy entered into a Memorandum of Understanding (“MOU”) with Singareni Collieries
Company Limited to cooperate in the investigation for joint development of underground coal gasification
in Singareni coal areas within the Godavari Valley coalfields.

> Letter of Intent for works to
commence on the Carbon Energy Pty Ltd (Carbon Energy) Underground Coal Gasification (UCG)
demonstration at Bloodwood Creek, 55km west of Dalby in southeast Queensland, has been executed
with leading engineering and project management company, Thomas and Coffey of Brisbane, whereby
they are to be appointed construction and project managers for the Bloodwood Creek development.

> Key Approvals Gained for A$20M Commercial Scale Oxygen-Injected UCG Trial - 8 April 2008. CEPL will now proceed with the construction of the surface and underground components of what will be the world’s first commercial scale, oxygen-injected UCG demonstration trial. The successful demonstration of this module will confirm CEPL’s capability as the world’s first company with the capability for commercial scale, oxygen-injected UCG syngas production
suitable for existing, proven, gas to liquids and gas to chemicals technologies.

More news to follow..can only get better...

The Bloodwood Creek trial site is within a defined coal resource of over 100 million tones of high quality
coal, which is estimated to contain approximately 2,000 petajoules of energy, with approximately 1,000
petajoules being potentially recoverable utilizing Carbon Energy’s UCG process.