Latest MDs presentation out for the Australian National Carbon Conference held in Qld.
Love the short term commercialisation objectives: Power generation into the National Electricity Market(underway with QLD govt Ergon with possible CCS with Zerogen) Synthetic natural gas(from 24/3/09 ann "a large proportion of energy produced (68%) is in the form of methane and ethane, the key componenets required in production of synthetic natural gas) and still in short term commercialisation categry with 5 months of negotiating maybe more under the belt. Also from 24/3/09 Andrew Dash said "We are extremely happy with these results as they exceeded our expectations. Confirmation of the gas composition results, and linking this to the recent resources upgrades, demonstrates that Carbon Energy now has the potential to become a major contributor to Qlds growing energy industry and a possible new entrant into the developing LNG industry and domestic gas industries."
Im with kevjb im holding my shares tight as consolidation will make it more difficult to get back in later.
CNX Price at posting:
69.4¢ Sentiment: Buy Disclosure: Held
