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Business Description: Carbon Energy Limited (CNX) is an energy company aiming to produce clean energy by using its Underground Coal Gasification (UCG) technology, Keyseam. CNX currently holds a portfolio of coal assets across Australia, Chile and the United States.
Strategy Analysis: CNX aims to achieve business growth by building a portfolio of local and international coal resource assets suitable for the production of UCG syngas. The Company is working on developing and enhancing competitive advantages provided by CNX¬īs technology, which was developed in conjunction with the CSIRO. CNX is also actively identifying key markets and commercial partners as close as possible to resource centres and key infrastructure. CNX believes that UCG syngas has the potential to become a key contributor to Australia¬īs energy mix and the preferred source of energy for producing low emission coal generated power
Carbon Energy reported negative cash flow of $5.46m for quarter ended 30 September 2011. Operating cash flow for the period was $(4.77m). Investing cash flow was $(978,000). Financing cash flow was $295,000. Cash in hand at the end of the quarter was $4.34m.
The Age 20/06/2013 |
Pre-split trading of shares in "New Newscorp," the print media-heavy spin-out from News Corp began quietly on Wednesday, and it will take a while to work out where the new vehicle is headed.
The Age 20/06/2013 |
Local councils that lost millions on investments made through Lehman Brothers have suffered a major setback, after the US arm of the failed bank blocked a deal that would have delivered the investors up to $210 million.
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