Carbon Energy Limited

Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) is pleased to release the following Chairman's Address and Managing Director's Presentation at the Annual General Meeting of Shareholders.

Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) advises that the Queensland Government Department of Environment and Resource Management (DERM) last night informed Carbon Energy that it has accepted the Company's environmental report as addressing the requirements of the Environmental Evaluation notice issued on 21 July 2010 and additional information notice issued on 21 September 2010.

Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) advises that, further to its ASX update of 20th September 2010, the additional information requested by Queensland Department of Environment and Resource Management (DERM) in relation to a release of process water in August 2009, has been submitted to the Department.

Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) advises that the Queensland Department of Environment and Resource Management (DERM) have advised the Company that they have extended the decision time, and will request additional information in relation to the Company`s Environmental Evaluation submitted 20th August.

Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) is pleased to announce the appointment of prominent Australian businesswoman, Dr Helen Garnett, as Non-Executive Director, effective 6th September 2010. Dr Garnett will be a member and Chair the Company's Audit Committee.

Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) has executed a Power Station Development Agreement with Arcadia Energy Trading ("Arcadia") that, when completed, will result in the development of both a 25MW and a 300MW power station fuelled by syngas in Queensland.

Carbon Energy (ASX:CNX) is pleased to advise that the drilling program for UCG Panel 2 has been successfully completed.

Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) advises that on 20 August 2010 the Company submitted an Environmental Evaluation of its Bloodwood Creek Site as requested by Queensland Department of Environment and Resource Management (DERM),as indicated in the ASX announcement 22nd July 2010.

The Australian market opened flat on Tuesday, following mixed leads from offshore markets overnight. In early trade, the S&P/ASX200 index fell 0.1%, to 4433.8 points and the All Ordinaries index slipped 0.1%, to 4462.3 points.

Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) is pleased to announce that its partner in Chile, Antofagasta Minerals (LON:ANTO) (PINK:ANFGY), has obtained Environmental Approval for the first stage of the parties' joint Underground Coal Gasification ("UCG") project in Chile.