PITTSBURGH, Sept. 25 /PRNewswire-FirstCall/ -- CNX Gas Corporation will be presenting at the 16th Annual Pacesetters Energy Conference sponsored by John S. Herold, Inc. on Thursday, September 27 at 9:30 a.m. Eastern in Greenwich, Connecticut, and at the 2007 Oil and Gas Investment Symposium West sponsored by the Independent Petroleum Association of America (IPAA) on Wednesday, October 3, at 4:50 p.m. Eastern in San Francisco. A simultaneous webcast of the IPAA conference presentation, along with slides, will be available through the company's web site at http://www.cnxgas.com/ under the investor relations section.
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Nicholas J. DeIuliis, president and chief executive officer, will re-affirm the company's ability to achieve its 2007 drilling program of 346 wells from its four major areas.
CNX Gas continues to expect to achieve first production from its central Pennsylvania coalbed methane play, known as Nittany, prior to the end of 2007.
CNX GAS CORPORATION is an independent natural gas exploration, development, production and gathering company operating in the Appalachian and Illinois basins of the United States. In May 2006, Business Week cited CNX Gas in its survey of Hot Growth Companies. Effective June 30, 2006, CNX Gas was added to the membership of companies included in the Russell 3000(R) Index and the Russell Midcap(R) Index. In October 2006, CNX Gas was named as a finalist by Platts for its "Hydrocarbon Producer of the Year" award.
Contact:
Dan Zajdel
Vice President . Investor and Public Relations
(412) 200-6719
Various statements in this release, including those that express a belief, expectation, or intention, as well as those that are not statements of historical fact, are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934). These statements involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks, contingencies and uncertainties relate to, among other matters, the following: our business strategy; our financial position; our cash flow and liquidity; declines in the prices we receive for our gas affecting our operating results and cash flow; uncertainties in estimating our gas reserves; replacing our gas reserves; uncertainties in exploring for and producing gas; our inability to obtain additional financing necessary in order to fund our operations, capital expenditures and to meet our other obligations; disruptions, capacity constraints in or other limitations on the pipeline systems which deliver our gas; competition in the gas industry; the availability of personnel and equipment; increased costs; the effects of government regulation and permitting and other legal requirements; legal uncertainties regarding the ownership of the coalbed methane estate; costs associated with perfecting title for gas rights in some of our properties; our need to use unproven technologies to extract coalbed methane in some properties; our relationships and arrangements with CONSOL Energy; and other factors discussed under "Risk Factors" in the 10-K for the year ended December 31, 2006. We are including this cautionary statement in this release to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for any forward-looking statements made by, or on behalf, of us.
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