Carbon Energy Limited (ASX:CNX) Signs Agreement To Access 338 Million Tonnes Coal In Joint Venture With Liberty Resource

  Brisbane, Australia, July 27, 2009 - (ABN Newswire) - Carbon Energy Limited (ASX:CNX)(PINK:CNXAF) has signed a Heads of Agreement (HoA) with Liberty Resources Limited (ASX:LBY) to establish a joint venture to develop Liberty's 338 million tonne thermal coal inferred resource in the Galilee Basin.Carbon Energy will hold 80% of the Joint Venture and will be the operator.  

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