Carbon Energy Limited - Bloodwood Creek Environmental Update

29.11.2010  |  ABN Newswire

10:00 AEST Nov 29, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.

Brisbane, Australia (ABN Newswire) - Further to our announcement of 17th November 2010, Carbon Energy Limited (ASX: CNX) (PINK: CNXAF) advises that it has been working closely with the Queensland Government Department of Environment and Resource Management (DERM) to expedite any clarifications or amendments that maybe required to environmental conditions for the Company`s Bloodwood Creek site.

These revisions reflect the outcome of the recent environmental evaluation and the Company's proposed mitigation measures in relation to the containment of process water on site.

Following discussions, Carbon Energy has submitted the required supporting documentation to DERM for their review and approval. It is anticipated that once approved, the revised environmental conditions will be issued to Carbon Energy enabling the Company to proceed with the initiation of UCG Panel 2 to enable commencement of syngas production.

A response from DERM is anticipated in approximately 3 weeks.

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

Carbon Energy's unique approach to UCG and syngas production produces a low cost option for capturing CO2 making it a leader in clean coal technology.


Carbon Energy's ambition is for syngas to become the preferred feedstock for producing clean coal power stations, an alternative to oil-based fuel, agribusiness products (fertilisers and explosives), polyolefin products (such as plastics) and allowing for economic carbon capture.

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

Carbon Energy is building an international portfolio of coal assets, suitable for UCG with close proximity to markets.



Contact:

Andrew Dash
Managing Director
Carbon Energy Limited
Tel: +61-7-3337-9944
http://www.carbonenergy.com.au