I liked that "recharged" from 71c4
That's where the future hold for Cnx. Have you watched 4 corners from Brian on Abc today 'is coal the end'
It's not 100% the end but 50% could open a big frontier for gas explorers.
Cnx is well placed for business in Us and China. Those countries have been building more and more gas power plants.
Actually Cnx could go anywhere there are coal presented. Whether it will enter fully exploited CSG fields in the Surat basin or It will enter abandoned coal projects in Galilee basin. Cnx could show Qld gov. How to draw out monies from coal resources if in the worst case that coal will be burried forever.
Cnx has 2P and 3P reserves in Mdl374 and Epc867. They're all subjected to alot of things but once the Qld gov. ticks the boxes then all of the conditions will be forfeited.
Blue gum project is a catalyst for Cnx's S.p.
At the moments Cnx has a list of JVs partners and I think Cnx will get some monies by sharing a part of the assets. On top of that Cnx will likely sign more gas sale contracts with companies like Origin, Stanwell and Ipl.
Once Cnx's cash balance is improved then Cnx can reenter the project in Us and the Summa resources disputes will be resolved.
Better to hit the buy rather than to miss after Fy 2014-15
CNX Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
