Everyone seems to know of LNC CNX and CXY.But no one seems to...

Everyone seems to know of LNC CNX and CXY.

But no one seems to know of CGV (Clean Global Energy, CGE).
CGE

Update Summary

Since completion of the IRH Merger, $6m capital raising and ASX re-listing on 28
October 2009 CGE has significantly progressed its business plan.

o a 1st stage 4,000 – 5,000m drilling program is due to commence late January 2010
o had 2 existing coal lease applications approved and 7 new EPC applications lodged
o appointed key CGE Executive role of “Chief Financial Officer”
o appointed key CGE Executive role of “Business Manager – China”
o recruitment program currently underway to fill other key roles
o a US$400m China UCG Joint Venture Agreement signed
o progressed Greenpower (ASX:GPP) MOU with review of geological data and
identification of potential UCG sites in the Gippsland Basin
o held further discussions with Liberty Resources (ASX:LBY) regarding the MOU
o held 1st Inaugural AGM of the newly re-listed Clean Global Energy Limited

Access to over 7 Billion tonnes of coal in China
CGE entered into a 4
way JV agreement on
30th October 2009 with
Guo Xin Mining and
others to develop a
large scale UCG Plant
with an estimated cost
of US$400m.
CGE is still progressing
talks under the MOU
with CECIC in relation
to a commercial UCG
project.
CECIC Mine Site
Guo Xin Mine Site
Beijing
9
Access to over 3,000km2 of Greenpower
Energy’s Gippsland and Otway Basin coal
tenements in Victoria.
10
CGE has completed a
review of the available
geological data on
Greenpower Energy’s
(ASX:GPP) Gippsland
Basin coal leases. The
review has identified a
number of potential UCG
sites.
The parties are in
discussions on the best
way forward to develop
these into UCG projects.
Access to Liberty Resources Surat Basin Coal
tenements in Queensland
CGE is currently in
discussions with
Liberty Resources
(ASX: LBY)
regarding
progressing the
existing MOU.