Nicholas J. DeIuliis, president and chief executive officer of CNX Gas, said, "This project is a first, and significant, step in our efforts to consolidate the position we enjoy in this emerging play. CNX Gas had unveiled its original 70,000 acres to investors last July at an Analysts' Day in a play known as Cardinal. Since then, we have begun a systematic approach to testing our acreage. We feel it is prudent to expand and consolidate our footprint before our testing is complete."
CNX Gas expects to unveil the results of its Cardinal exploratory play in the New Albany Shale by the end of the third quarter 2007. CNX Gas Corp. is an independent natural gas exploration, development, production and gathering company operating in the Appalachian Basin of the United States.
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