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Carbon Energy Limited

ASX:CNX ISIN:AU000000CNX4

May 26, 2012

OVERVIEW | NEWS | MULTIMEDIA | RESEARCH

Carbon Energy Limited Company Summary

Carbon Energy's purpose is to produce clean energy and chemicals feedstock from Underground Coal Gasification (UCG) syngas.

The Company's unique approach to UCG and syngas production increases the efficiency of capturing carbon dioxide making it a leader in clean coal technology.

Carbon Energy's technological advantage comes from its association with Australia's premier research agency, CSIRO, including world-class geotechnical, hydrological and gasification modelling capabilities.

Carbon Energy is building an international portfolio of coal assets suitable for UCG and accessible to high-value markets.

DIRECTORS / OFFICERS

Kim Robinson B.Sc.(Geology) Chairman (Non-Executive) Mr Robinson graduated from the University of Western Australia in 1973 with a degree in Geology. Subsequent to which Mr Robinson has amassed over 30 years involvement in the minerals exploration and mining industries, including 10 years as the Executive Chairman of Forrestania Gold NL. Mr Robinson is a Director of the Company, and is a member of both the Audit and Remuneration Committees.
Andrew Dash BE(Chem), MCom Chief Executive Officer and Managing Director Mr Andrew Dash has a Degree in Chemical Engineering from the University of Sydney and a Masters Degree in Commerce from the University of New South Wales. He has extensive experience in the energy sector, with particular experience in the commercial development of gas operations and associated infrastructure on a national scale. He had previously held executive management roles with the leading energy transmission business APA Group.
Ian Walker B.Sc. Hons.(Geology) Director (Non Executive) Mr Walker is a geologist with over 30 years experience in multi-commodity exploration within Australia and overseas, having graduated from the University of Western Australia in 1974 with an Honours degree in Geology. Mr Walker is a Member of the Australian Institute of Geoscientists and the Geological Society of Australia. Mr Walker is a Non Executive Director of the Company and is a Director of subsidiary companies Carbon Energy (Operations) Pty Ltd, Metex Resources NL, Nickelex Pty Ltd and Carbon Energy (Holdings) Pty Ltd.
Max Cozijn B.Com. ASA. MAICD Director (Non Executive) Mr Cozijn has a Bachelor of Commerce Degree from the University of Western Australia having graduated in 1972, and is an Associate of the Australian Society of Certified Practising Accountants. He has over 30 years experience in the administration of listed mining and industrial companies, as well as various private operating companies including 10 years as a Non-Executive Director of Forrestania Gold NL and 20 years as a Non-Executive Director of Kagara Ltd. Mr Cozijn is a Non Executive Director and is a Director of subsidiary companies Carbon Energy (Operations) Pty Ltd, Metex Resources NL, Nickelex Pty Ltd and Carbon Energy (Holdings) Pty Ltd.
Cliff Mallett MSc, PhD, FAIE Technical Director - UCG Mr Mallett has been associated for more than 10 years in advancing the development of the Underground Coal Gas ("UCG") process technology. He has received degrees in Geology from the Universities of Queensland and Melbourne and held academic appointments at the Universities of Newcastle and Melbourne from 1966 to 1978. He has almost 30 years experience in mining research at CSIRO culminating in acting as Chief of CSIRO Exploration and Mining Division, interim Director of the Centre for Low Emission Technology, and Executive Manager, Queensland Centre of Advanced Technologies.
Peter McIntyre B.Sc.,MBA, FIEAust Director (Non-Executive) Mr McIntyre has been involved in the mining industry for nearly 26 years, which included 15 years with WMC Ltd in various senior management positions. He has been involved with the development of major projects including St Ives Gold and Mt Keith Nickel, as well as Central Norseman Gold Operations. Mr. McIntyre is a chartered Civil Engineer and a Fellow of the Institution of Engineers. He also completed an MBA program at the Massachusetts Institute of Technology in Boston.
Peter Hogan CA Director (Non-Executive) Mr Hogan is a Chartered Accountant, who is currently a Strategy & Development Executive with Incitec Pivot Ltd. Prior to joining Incitec Pivot in early 2008, he was with Pricewaterhouse Coopers for 23 years, including 17 years as Partner. He has extensive experience in providing business advisory services to Australian and overseas listed public companies and large private companies. He has particular experience with companies in the consumer and industrial product sectors and the mining sector.

ANNUAL REPORT

PRESENTATIONS

COMPANY DATA

	Headquarters	L12/301 Coronation Drive

		Milton Q 4064

		Australia

	Telephone	+61-7-3337-9944

	Fax	+61-7-3337-9945

	Principal Sector	Energy

	Principal Industry	Energy

	Homepage	www.carbonenergy.com.au

Key Developments: Carbon Energy Limited

	Asian Activities Report for September 16, 2011: Carbon Energy (ASX:CNX) Achieved an Innovation in Underground Coal Gasification Process SEP 16, 2011 12:00 - Article Views: 1,502 Asian Activities Report for September 16, 2011 includes: Carbon Energy Limited (ASX:CNX) has successfully achieved an Underground Coal Gasification process innovation at the Company's project site in Queensland; Ivanhoe Australia Limited (ASX:IVA) has launched an equity issuance to raise up to A$150 million net proceeds to boost project development; Iron Ore Holdings Limited (ASX:IOH) announced a maiden JORC Mineral Resource at the Dragon Project of 21.5Mt at 55.4% Fe; Interra Resources Limited (ASX:ITR) has completed infill development well YNG 3240 at the Yenangyaung oil field in Myanmar; Tata Consultancy Services Limited (BOM:532540) has signed a multi-year contract with Nets, one of the largest payment cards, payment solutions and payment exchange information companies in Northern Europe.

	Carbon Energy Limited (ASX:CNX) Key Phase 1 Deliverables Achieved In Chile JUNE 1, 2011 09:27 - Article Views: 970 Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) is pleased to announce that the Company's joint project with Mulpun Energy, a subsidiary of Antofagasta Minerals S.A., has reached a major development milestone with sign off by both parties following the achievement of key Phase 1 deliverables. The project will now move forward with the formalisation of the Joint Venture Company.

	Carbon Energy Limited (ASX:CNX) Bloodwood Creek Syngas 5MW Power Station Update MAY 27, 2011 08:43 - Article Views: 1,210 Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) developer of Australia's first syngas-fuelled power station is pleased to advise that the testing and commissioning program for its 5 MW Power Station is continuing to progress well.

	Carbon Energy Limited (ASX:CNX) Successful Introduction Of Syngas To Power Station MAY 2, 2011 08:32 - Article Views: 1,275 Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) is pleased to advise that testing of its 5 MW Power Station has commenced with the successful introduction of syngas to the first gas engine.

	Carbon Energy Limited (ASX:CNX) Announce Successful Commissioning Of Underground Coal Gasification Panel 2 Progressing APR 18, 2011 08:59 - Article Views: 1,163 Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) is pleased to advise that commissioning of Underground Coal Gasification Panel 2 is proceeding as planned at the Company's Bloodwood Creek facility, located in the Surat Basin, south-east Queensland.

	Carbon Energy Limited (ASX:CNX) Completes Major International Acquisitions APR 7, 2011 10:02 - Article Views: 1,965 Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) is pleased to advise that it has now completed its acquisition of 100% of the issued capital of USA-based Clean Coal Inc. and UK-based Clean Coal Amasra Limited.

	Carbon Energy Limited (ASX:CNX) Announce Successful Commissioning Of Underground Coal Gasification Panel 2 Production APR 4, 2011 09:04 - Article Views: 1,336 Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) are pleased to advise that the Company has successfully commissioned syngas production to the main flare from its Underground Coal Gasification (UCG) Panel 2 at the Company's Bloodwood Creek facility, located in the Surat Basin, south east Queensland.

	Carbon Energy Limited (ASX:CNX) Announce Successful Initiation Of Underground Coal Gasification Panel 2 MAR 28, 2011 09:36 - Article Views: 1,171 Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) is pleased to advise that it has successfully initiated syngas production from its Underground Coal Gasification (UCG) Panel 2 at the Company's Bloodwood Creek facility, located in the Surat Basin, south east Queensland.

	Carbon Energy Limited (ASX:CNX) To Commence Commissioning Of UCG Panel 2 MAR 17, 2011 09:37 - Article Views: 1,396 Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) is pleased to advise that commissioning of its Underground Coal gasification Panel 2 will commence in the week beginning 21 March 2011.

	Carbon Energy Limited (ASX:CNX) Sign Agreement For Major International Acquisitions FEB 24, 2011 09:10 - Article Views: 1,472 Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) developer of Australia's first commercial Underground Coal Gasification (UCG) fuelled power station has executed a Share Sale Agreement to acquire USA-based Clean Coal Inc. and UK-based Clean Coal Amasra Ltd. This transaction delivers projects in the United States of America and Turkey as developed by Clean Coal Ltd. The acquisition has the potential to increase Carbon Energy's coal resources by almost three fold to in excess of 2 billion tonnes and underpins the Company's plans to build an international portfolio of UCG projects.