Clean Global Energy (ASX: CGV) has been granted permit EPC 1748, enabling the company to commence drilling at its thermal coal asset in Queensland’s Surat Basin in first half of 2012.
With a new chief executive officer, Alison Coutts has re-positioned Clean Global as well as cutting costs, delivering a reduction in administration overhead of $1.5 million savings per annum, the company is moving to restore value with latest initiatives.
With the outlook uncertain in Australia for UCG, Coutts has focused on exploration of Clean Global's existing tenements in Australia for conventional coal.
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With a new chief executive officer, Alison Coutts has re-positioned Clean Global as well as cutting costs, delivering a reduction in administration overhead of $1.5 million savings per annum, the company is moving to restore value with latest initiatives.
With the outlook uncertain in Australia for UCG, Coutts has focused on exploration of Clean Global's existing tenements in Australia for conventional coal.
Read More
Proactive Investors Australia
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