· Further strengthened management team with the appointment of ex Exploration Manager of Dart Energy Limited, Andrew Nunn, as Senior Project Manager - significant experience in unconventional gas resources in the UK and the EU
· Continuing to pursue additional conventional natural resources opportunities in line with investing policy and to create further value for shareholders
- Safe and effective operation: Through the project, the company demonstrated the safe and effective operation of the CSIRO-developed technology. In mid-2012, it was reported that Carbon Energy had achieved independent verification of the production of Syngas with world leading quality and consistency; - Gasification ceased within 48 hours: All gasification was shown to have ceased within 48 hours of stopping air injection, as demonstrated through the change in gas composition, confirming the successful decommissioning of the UCG gasifiers in line with expectations; - No impact on regional use of groundwater: Site investigations has proven that the keyseam technology could be operated without impact on the regional use of groundwater; and = Cavity water of stock water quality: The self cleaning principle of the Company’s keyseam design was proven, and steam cleaning during decommissioning has resulted in the water remaining in the cavity being of stock water quality
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