Carbon Energy Limited (ASX:CNX) Bloodwood Creek Environmental Update
Brisbane, Dec 24, 2010 AEST (ABN Newswire) - Carbon Energy Limited (
ASX:CNX) (PINK:CNXAF) advises that discussions on amended environmental conditions for its Bloodwood Creek site in Queensland with the Queensland Government Department of Environment and Resource Management (DERM) are progressing.
DERM advised last night that some amendments require consultation with internal experts and as such they are not in a position to finalise the amendments prior to Christmas. However, DERM has advised that it will continue to work towards the statutory due dates for these decisions in January 2011.
It is anticipated that once the revised environmental conditions are finalised a notice will be issued to Carbon Energy enabling the Company to proceed with the initiation of UCG Panel 2 to enable commencement of syngas production.
The Company continues to work proactively with DERM in an effort to expedite this process to ensure that UCG Panel 2 can be commissioned as soon as practicable.
About Carbon Energy Limited
Carbon Energy (ASX:CNX) (OTCMKTS:CNXAY) is building a gas business, utilising its unique keyseam technology.
The Company is committed to providing industrial gas users with an affordable and secure source of high quality feedstock, as gas prices remain strong, through increased demand across our key markets.
Carbon Energy is the only company to complete a full-lifecycle, commercial scalable underground gasification trial. The Company's keyseam technology has successfully accomplished all the recommendations outlined by the Queensland government's Independent Scientific Panel (ISP) which included intense, independent environmental scrutiny.
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