positive affirmation from the commonwealth, page-3

jonman.......here it is


CARBON ENERGY RECEIVES $7 MILLION R&D TAX INCENTIVE CASH REBATE
Carbon Energy Limited (ASX: CNX; OTCQX:CNXAY) (“the Company”) is pleased to advise it has received A$7,002,767 as a research and development (“R&D) tax incentive cash rebate for eligible 2011/2012 R&D expenditure in relation to the development of its keyseam® UCG Technology at BloodwoodCreek, near Dalby in South-East Queensland.
Changes to the Federal R&D legislation were introduced for 2011/2012 and resulted in a tax cash rebate for eligible R&D being paid to the Company.
The keyseam R&D activities continue and are focussed on ensuring that the company remains at the forefront of UCG technology.
The proceeds from the R&D tax incentive will be used to repay part of the Credit Suisse $10 million Senior Secured Funding Facility, which will leave an outstanding balance of $3 million on the Facility. This facility was introduced to provide bridging finance to cash liquidity events such as this R&D tax incentive rebate.