Metex Resources Limited (ASX:
Code MEE)
BOARD APPOINTMENT - MR ANDREW
DASH (COO)
The Board of Metex Resources Limited (ASX: Code MEE) (soon to be
renamed Carbon Energy Limited) is pleased to announce that Mr
Andrew Dash commenced his duties today as Chief Operating Officer (COO) for the
Company and has been appointed to the Board . Andrew has a Degree in
Chemical Engineering from the University
of Sydney and a Masters Degree in Commerce
from the University
of New South Wales. He has
extensive experience in the energy sector, with particular experience in the
commercial development of gas operations and associated infrastructure on a
national scale. He has previously held executive management roles with AGL and
more recently with the leading energy transmission business APA Group.
Andrew joins the Company at an exciting stage of its development. His
technical and commercial skills will greatly assist Carbon Energy as it
completes what will be the world?s first commercial scale, oxygen-injected UCG
demonstration trial at its Bloodwood Creek site in the Surat
Basin in southeast Queensland.
It is expected that the successful completion of this trial will open
up enormous opportunities for the commercial production of syngas as a
feedstock for existing, proven, gas to liquids and gas to chemicals
technologies.
His appointment follows the successful raising of a total of $36 million
during May that included an $11 million placement to chemical manufacturer
Incitec Pivot (IPL) together with a $3 million commitment from Constellation
Energy Pty Ltd (Mitchell Drilling). The Company commences the 2008/2009
financial year with a level of funding that ensures:
?
Completion of all engineering and construction for the
successful completion of the demonstration trial.
?
Pursuit of commercialization options for the product
syngas, including preliminary feasibility studies.
?
Additional drilling to expand the current JORC Code (2004)
compliant 100Mt coal resource defined at Bloodwood Creek. This program has
commenced.
?
Acquiring or accessing and developing other suitable
coal resources for commercial production of syngas utilizing Carbon Energy?s
UCG technology.
I.W. Walker
Managing Director
Competent
Person Statement
The information in this report
that relates to Exploration Results, Mineral Resources or Ore
Reserves is based on information compiled by Mr I.W. Walker, Managing Director
Metex Resources Ltd who is a member of the Australian Institute of
Geoscientists. Mr Walker has sufficient experience, which is relevant to
the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in
the 2004 Edition of the ?Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves?. Mr Walker consents to the
inclusion in the report of the matters based on their information in the form
and context in which it appears.
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