Upon completion of the additional monitoring wells, the Company...

Upon completion of the additional monitoring wells, the Company will proceed with the commissioning of UCG Panel 2 and testing of the engines of the Company?s 5MW power station. Further amendments to the environmental conditions are required to move from the testing phase to full production. It is anticipated that these amendments will be progressed in parallel to the Company?s commissioning activities and it is expected that full scale operation of the 5MW power station will commence in late May 2011. The Company expects the following events/works schedule:
? Mid February ? Mid March 2011
o Installation of additional monitoring wells
? Mid March- Mid April 2011:
o Initiation and commissioning of UCG Panel 2
o Establishment of consistent syngas flow
? Mid April ? End May 2011:
o Introduce syngas to engines and conduct engine testing
o Finalise environmental amendments to ramp up to full production
o Commission engines and ramp up power production
? June 2011
o Export of electricity to the grid
Andrew Dash, Managing Director of Carbon Energy said ?We are very pleased to have received the notice to proceed with our activities. We believe the rigorous audit and reporting process we have undertaken supports our claim of developing UCG as an environmentally safe and industry leading technology?. ?We will now focus our energies on the start-up of Panel 2 and the commissioning of our 5 MW power station. When operational this will be the first power project in Australia to be delivering power to the grid from UCG syngas?. Further project updates will be provided over the coming months as key milestones are achieved, .seems like all is on schedule for june