quarterly report

Well quarterly ann not showing up on HC for some reason so I thought I would start another thread.

Good to see the cash levels are now restored and we wont have to worry about that for a while!

1. India Project with Essar
Clean Global Energy worked in partnership with Essar to prepare and lodge a bid
to Coal of India Limited (CIL) which was submitted in March. Essar and CGE
were shortlisted as one of eight bidders.
CIL requested follow up information from both CGE and Essar Group in relation
to its bid offer. This information was provided in April.
While the timing for the bidding process is unknown, media reports indicate the
bidding process could be complete by May/June.

Good to see CIL requested some more info from Essar/CGV.

A sign of progress perhaps??

USA
CGE is planning a focused drilling program to obtain base line soil and water
data, coal core samples for analysis, and data for the design of the UCG reactors
on the Cavanaugh mine site.
CGE has identified potential routes for a pipeline from the Cavanaugh UCG site
to the AES Shady Point Power Plant, approximately 15 miles from the
Cavanaugh UCG site.
CGE started preliminary work for the UCG reactors, including the injection and
production well configuration, and oxidant injection plant, on the Cavanaugh site.

Looks like the US is going ahead well.

Big news will be funding imo.

Having had several discussions with funds and brokers over a period of time I'm sure something will come of it.

China

Its seems to be a hard ball, I think the company is looking for easier JV parties to work with and are being careful who they chose this time imo.

Aus

Would love to see the company hit some nice coal in Qld ala Linc Energy and sell it off for a princely sum!

Would leave us not having to raise any cash for a long time imo.