1 October 2015
Level 9, 301 Coronation Drive, Milton QLD 4064 Australia
PO Box 2118, Toowong DC QLD 4066 Australia
phone + 61 (0) 7 3156 7777
fax + 61 (0) 7 3156 7776
www.carbonenergy.com.au
Carbon Energy Limited ABN 56 057 552 137
Carbon Energy (Operations) Pty Ltd ABN 61 105 176 967
- Kam Lung shareholding in CNX will increase to 19.99%
- The Company will welcome Kam Lung to the Board of Directors
- JV to be formed between Kam Lung Affiliate and CNX in China
Carbon Energy also proposes to form a joint venture with Beijing Jinhong Investment Co., Ltd (a Chinese Affiliate of the Hong Kong based Kam Lung) for the purpose of establishing a vertically integrated gas business in the Peoples' Republic of China ('PRC'). The first goal of the joint venture would be the establishment of a demonstration facility in the PRC. Further details of the proposed joint venture are set out in the Company's 28 September 2015 market announcement. Approval to proceed with the joint venture will be sought from Carbon Energy's shareholders at the 2015 Annual General Meeting on 30 November 2015 and further details will be provided in the notice of meeting.
ENDS
For and on behalf of the Board Morné Engelbrecht
Managing Director & Chief Executive Officer
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