potential of cnx, page-10

May update

Executed HOA with Eneabba Gas Limited March 2009, completion dependent on further exploration and ENB identifying their target of 300Mt of JORC inferred coal resource (approx 6,000PJ in-situ energy) suitable for underground coal gasification by mid 09.
Negotiating Gas Sale Agreement to supply Eneabba’s planned 168 MW power station
Ideally located close to electricity and
natural gas transmission infrastructure

Whats the goss or expected update re the above ?
To answer your question the following was stated:

North America
-Currently assessing entry strategy
-Opportunities exist to secure coal resources in our own right or alternatively, farm-in opportunities by applying Carbon Energy technology

and then there is

India
-Existing JV with Singareni
-Currently in discussions with a number of major Indian corporates
-Exploring complementary business development partnerships with other Australian businesses for Indian projects

and then

Significant interest in Carbon Energy’s technology in Australia and overseas-currently assessing which opportunities are best for us
Qld Significant progress achieved in recent months at Bloodwood Creek
-land secured
-resource increased
-tenure security achieved
-Mining Lease Application submitted
WA Conducting Due Diligence and drilling –results expected mid 2009