<SEC-DOCUMENT>0001193125-15-102460.txt : 20150324
<SEC-HEADER>0001193125-15-102460.hdr.sgml : 20150324
<ACCEPTANCE-DATETIME>20150324071730
ACCESSION NUMBER:		0001193125-15-102460
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150324
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150324
DATE AS OF CHANGE:		20150324

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSOL Energy Inc
		CENTRAL INDEX KEY:			0001070412
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE SURFACE MINING [1221]
		IRS NUMBER:				510337383
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14901
		FILM NUMBER:		15720456

	BUSINESS ADDRESS:	
		STREET 1:		CNX CENTER
		STREET 2:		1000 CONSOL ENERGY DRIVE
		CITY:			CANONSBURG
		STATE:			PA
		ZIP:			15317
		BUSINESS PHONE:		724-485-4000

	MAIL ADDRESS:	
		STREET 1:		CNX CENTER
		STREET 2:		1000 CONSOL ENERGY DRIVE
		CITY:			CANONSBURG
		STATE:			PA
		ZIP:			15317

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONSOL ENERGY INC
		DATE OF NAME CHANGE:	19980915
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d893089d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT
TO SECTION 13 OR 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): March&nbsp;24, 2015 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>CONSOL Energy Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-14901</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>51-0337383</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CNX Center </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1000 CONSOL Energy Drive </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Canonsburg, Pennsylvania 15317 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Zip code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: (724)&nbsp;485-4000 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see</I> General Instruction A.2. below): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;7.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Regulation FD Disclosure. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On March&nbsp;24, 2015, CONSOL Energy Inc., a Delaware Corporation
(&#147;CONSOL Energy,&#148; &#147;we,&#148; &#147;our&#148; or &#147;us&#148;), issued a press release announcing that CONSOL Energy intends, subject to market and other conditions, to offer and sell to eligible purchasers $650 million of senior
notes due 2023 in a private offering. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Additionally, in connection with the above-referenced offering of senior notes, CONSOL Energy provided the following information to potential eligible
purchasers and is thus furnishing such information pursuant to Regulation FD: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Significant Contracted Position in Coal Sales</I></B><I>. </I>As of March&nbsp;6, 2015, 83% of our estimated 2015 coal tonnage is subject to contract at an average committed price of $61.98 per ton. For 2015, 87%
of the projected tonnage from our Pennsylvania Operations is subject to contract at committed prices, and 51% of the projected tonnage from our Virginia Operations is subject to contract at committed prices. For Q1 2015, 97% of the projected tonnage
from our Pennsylvania Operations is subject to contract at committed prices, and 100% of the projected tonnage from our Virginia Operations is subject to contract at committed prices. The average committed price per ton for Q1 2015 coal production
is estimated to be $60.58. 42% of our estimated 2016 coal tonnage is subject to contract at an average committed price of $62.09 per ton. For 2016, 46% of the projected tonnage from our Pennsylvania Operations is subject to contract at committed
prices, and 20% of the projected tonnage from our Virginia Operations is subject to contract at committed prices. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Rig Development Plan</I></B>. The development plan for 2015 anticipates 8 to 9 gross rigs. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Held by Production Acreage</I></B>. As of December&nbsp;31, 2014, 91% of our acreage in the Marcellus is held by production. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Net Acreage and Approximate Gross Locations in the Marcellus and Utica Shales</I></B>. As of December&nbsp;31, 2014, we have 441,000 net acres in the Marcellus, with approximately 8,900 gross locations, based on
5,000 ft. laterals with 86-acre spacing. As of December&nbsp;31, 2014, we have 614,000 net acres in the Utica, with approximately 3,350 gross locations, based on 5,000 ft. laterals with 86-acre spacing. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Hedging Position</I></B>. As of March&nbsp;1, 2015, we had hedges on approximately 121.2 Bcf of our remaining 2015 natural gas production at an average price of $4.05 per Mcf. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information included in this Item&nbsp;7.01 and Exhibit 99.1 attached hereto are being furnished and shall not be deemed &#147;filed&#148; for the purpose
of Section&nbsp;18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information included in this Item&nbsp;7.01 and Exhibit 99.1 attached hereto shall not be incorporated by reference
into any registration statement or other document pursuant to the Securities Act of 1933, as amended. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B><I>(d)</I></B></TD>
<TD ALIGN="left" VALIGN="top"><B><I>Exhibits </I></B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="88%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:26.20pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Number</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:71.40pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Description of Exhibit</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated March 24, 2015 announcing the proposed notes offering by CONSOL Energy Inc.</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">CONSOL ENERGY INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Stephen W. Johnson</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Stephen W. Johnson</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Executive Vice President and Chief Legal and Corporate Affairs Officer</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: March&nbsp;24, 2015 </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit Index </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="88%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Exhibit</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; width:26.20pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Number</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:71.40pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Description of Exhibit</P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release dated March 24, 2015 announcing the proposed notes offering by CONSOL Energy Inc.</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d893089dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g8930891a.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONSOL Energy Inc. Announces Private Offering of $650 Million of Senior Notes </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PITTSBURGH, March&nbsp;24, 2015 &#151; CONSOL Energy Inc. (NYSE: CNX) (&#147;CONSOL&#148;) today announced that it intends, subject to market and other
conditions, to offer and sell to eligible purchasers $650 million of senior notes due 2023 (the &#147;Notes&#148;). The Notes will be guaranteed by substantially all of CONSOL&#146;s wholly-owned domestic restricted subsidiaries. CONSOL intends to
use the net proceeds of the sale of the Notes, together with borrowings under its revolving credit facility to the extent necessary, to purchase all of the approximately $1.02 billion in its outstanding 8.25% senior notes due 2020 (the &#147;2020
Notes&#148;) and the $250 million in its outstanding 6.375% senior notes due 2021 (the &#147;2021 Notes&#148;) pursuant to the tender offers and consent solicitations that commenced on March&nbsp;9, 2015. CONSOL intends to use any remaining proceeds
from the offering, together with borrowings under its revolving credit facility, to redeem any remaining 2020 Notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Notes have not been registered
under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws. The Notes will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities
Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CONSOL is a Pittsburgh-based
producer of natural gas and coal. CONSOL is one of the largest independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cautionary Statements: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This press release does not
constitute an offer to sell or the solicitation of an offer to buy any notes nor shall there be any sale of notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such state. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Various statements in this release, including those that express a belief, expectation or intention, may be considered
forward-looking statements (as defined in Section&nbsp;21E of the Exchange Act) that 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. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenues, income and capital
spending.&nbsp;When we use the words &#147;believe,&#148; &#147;intend,&#148; &#147;expect,&#148; &#147;may,&#148; &#147;should,&#148; &#147;anticipate,&#148; &#147;could,&#148; &#147;estimate,&#148; &#147;plan,&#148; &#147;predict,&#148;
&#147;project,&#148; or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking
statements.&nbsp;The forward-looking statements in this press release, if any, speak only as of the date of this press release; we disclaim any obligation to update these statements. 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 factors discussed in the 2014 Form 10-K under
&#147;Risk Factors,&#148; as updated by any subsequent Form 10-Qs, which are on file at the Securities and Exchange Commission. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Contacts</U>: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Investor:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Tyler Lewis at (724) 485-3157</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Media:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Brian Aiello at (724) 485-3078</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g8930891a.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g8930891a.jpg
M_]C_X``02D9)1@`!`0$$L`2P``#_X@Q824-#7U!23T9)3$4``0$```Q(3&EN
M;P(0``!M;G1R4D="(%A96B`'S@`"``D`!@`Q``!A8W-P35-&5`````!)14,@
M<U)'0@``````````````````]M8``0````#3+4A0("``````````````````
M`````````````````````````````````````````````!%C<')T```!4```
M`#-D97-C```!A````&QW='!T```!\````!1B:W!T```"!````!1R6%E:```"
M&````!1G6%E:```"+````!1B6%E:```"0````!1D;6YD```"5````'!D;61D
M```"Q````(AV=65D```#3````(9V:65W```#U````"1L=6UI```#^````!1M
M96%S```$#````"1T96-H```$,`````QR5%)#```$/```"`QG5%)#```$/```
M"`QB5%)#```$/```"`QT97AT`````$-O<'ER:6=H="`H8RD@,3DY."!(97=L
M971T+5!A8VMA<F0@0V]M<&%N>0``9&5S8P`````````2<U)'0B!)14,V,3DV
M-BTR+C$``````````````!)S4D="($E%0S8Q.38V+3(N,0``````````````
M````````````````````````````````````````````````````6%E:(```
M`````/-1``$````!%LQ865H@`````````````````````%A96B````````!O
MH@``./4```.06%E:(````````&*9``"WA0``&-I865H@````````)*````^$
M``"VSV1E<V,`````````%DE%0R!H='1P.B\O=W=W+FEE8RYC:```````````
M````%DE%0R!H='1P.B\O=W=W+FEE8RYC:```````````````````````````
M``````````````````````````````````!D97-C`````````"Y)14,@-C$Y
M-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92`M('-21T(`````````
M`````"Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92`M
M('-21T(`````````````````````````````9&5S8P`````````L4F5F97)E
M;F-E(%9I97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0``````````
M````+%)E9F5R96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR
M+C$``````````````````````````````````'9I97<``````!.D_@`47RX`
M$,\4``/MS``$$PL``UR>`````5A96B```````$P)5@!0````5Q_G;65A<P``
M```````!`````````````````````````H\````"<VEG(`````!#4E0@8W5R
M=@````````0`````!0`*``\`%``9`!X`(P`H`"T`,@`W`#L`0`!%`$H`3P!4
M`%D`7@!C`&@`;0!R`'<`?`"!`(8`BP"0`)4`F@"?`*0`J0"N`+(`MP"\`,$`
MQ@#+`-``U0#;`.``Y0#K`/``]@#[`0$!!P$-`1,!&0$?`24!*P$R`3@!/@%%
M`4P!4@%9`6`!9P%N`74!?`&#`8L!D@&:`:$!J0&Q`;D!P0')`=$!V0'A`>D!
M\@'Z`@,"#`(4`AT")@(O`C@"00)+`E0"70)G`G$">@*$`HX"F`*B`JP"M@+!
M`LL"U0+@`NL"]0,``PL#%@,A`RT#.`-#`T\#6@-F`W(#?@.*`Y8#H@.N`[H#
MQP/3`^`#[`/Y!`8$$P0@!"T$.P1(!%4$8P1Q!'X$C`2:!*@$M@3$!-,$X03P
M!/X%#04<!2L%.@5)!5@%9P5W!88%E@6F!;4%Q075!>4%]@8&!A8&)P8W!D@&
M609J!GL&C`:=!J\&P`;1!N,&]0<'!QD'*P<]!T\'80=T!X8'F0>L![\'T@?E
M!_@("P@?"#((1@A:"&X(@@B6"*H(O@C2".<(^PD0"24).@E/"60)>0F/":0)
MN@G/">4)^PH1"B<*/0I4"FH*@0J8"JX*Q0K<"O,+"PLB"SD+40MI"X`+F`NP
M"\@+X0OY#!(,*@Q##%P,=0R.#*<,P`S9#/,-#0TF#4`-6@UT#8X-J0W##=X-
M^`X3#BX.20YD#G\.FPZV#M(.[@\)#R4/00]>#WH/E@^S#\\/[!`)$"800Q!A
M$'X0FQ"Y$-<0]1$3$3$13Q%M$8P1JA')$>@2!Q(F$D429!*$$J,2PQ+C$P,3
M(Q-#$V,3@Q.D$\43Y10&%"<4211J%(L4K13.%/`5$A4T%585>!6;%;T5X!8#
M%B86219L%H\6LA;6%OH7'1=!%V47B1>N%](7]Q@;&$`891B*&*\8U1CZ&2`9
M11EK&9$9MQG=&@0:*AI1&G<:GAK%&NP;%!L[&V,;BANR&]H<`APJ'%(<>QRC
M',P<]1T>'4<=<!V9'<,=[!X6'D`>:AZ4'KX>Z1\3'SX?:1^4'[\?ZB`5($$@
M;""8(,0@\"$<(4@A=2&A(<XA^R(G(E4B@B*O(MTC"B,X(V8CE"/"(_`D'R1-
M)'PDJR3:)0DE."5H)9<EQR7W)B<F5R:')K<FZ"<8)TDG>B>K)]PH#2@_*'$H
MHBC4*08I."EK*9TIT"H"*C4J:"J;*L\K`BLV*VDKG2O1+`4L.2QN+*(LURT,
M+4$M=BVK+>$N%BY,+H(NMR[N+R0O6B^1+\<O_C`U,&PPI##;,1(Q2C&",;HQ
M\C(J,F,RFS+4,PTS1C-_,[@S\30K-&4TGC38-1,U336'-<(U_38W-G(VKC;I
M-R0W8#><-]<X%#A0.(PXR#D%.4(Y?SF\.?DZ-CIT.K(Z[SLM.VL[JCOH/"<\
M93RD/.,](CUA/:$]X#X@/F`^H#[@/R$_83^B/^)`(T!D0*9`YT$I06I!K$'N
M0C!"<D*U0O=#.D-]0\!$`T1'1(I$SD42155%FD7>1B)&9T:K1O!'-4=[1\!(
M!4A+2)%(UTD=26-)J4GP2C=*?4K$2PQ+4TN:2^),*DQR3+I-`DU*39--W$XE
M3FY.MT\`3TE/DT_=4"=0<5"[40914%&;4>92,5)\4L=3$U-?4ZI3]E1"5(]4
MVU4H5755PE8/5EQ6J5;W5T17DE?@6"]8?5C+61I9:5FX6@=:5EJF6O5;15N5
M6^5<-5R&7-9=)UUX7<E>&EYL7KU?#U]A7[-@!6!78*I@_&%/8:)A]6))8IQB
M\&-#8Y=CZV1`9)1DZ64]99)EYV8]9I)FZ&<]9Y-GZ6@_:)9H[&E#:9II\6I(
M:I]J]VM/:Z=K_VQ7;*]M"&U@;;EN$FYK;L1O'F]X;]%P*W"&<.!Q.G&5<?!R
M2W*F<P%S77.X=!1T<'3,=2AUA77A=CYVFW;X=U9WLW@1>&YXS'DJ>8EYYWI&
M>J5[!'MC>\)\(7R!?.%]07VA?@%^8G["?R-_A'_E@$>`J($*@6N!S8(P@I*"
M](-7@[J$'82`A..%1X6KA@Z&<H;7ASN'GX@$B&F(SHDSB9F)_HIDBLJ+,(N6
MB_R,8XS*C3&-F(W_CF:.SH\VCYZ0!I!ND-:1/Y&HDA&2>I+CDTV3MI0@E(J4
M])5?E<F6-):?EPJ7=9?@F$R8N)DDF9"9_)IHFM6;0INOG!R<B9SWG62=TIY`
MGJZ?'9^+G_J@::#8H4>AMJ(FHI:C!J-VH^:D5J3'I3BEJ:8:IHNF_:=NI^"H
M4JC$J3>IJ:H<JH^K`JMUJ^FL7*S0K42MN*XMKJ&O%J^+L`"P=;#JL6"QUK)+
MLL*S.+.NM"6TG+43M8JV`;9YMO"W:+?@N%FXT;E*N<*Z.[JUNRZ[I[PAO)N]
M%;V/O@J^A+[_OWJ_]<!PP.S!9\'CPE_"V\-8P]3$4<3.Q4O%R,9&QL/'0<>_
MR#W(O,DZR;G*.,JWRS;+MLPUS+7--<VUSC;.ML\WS[C0.="ZT3S1OM(_TL'3
M1-/&U$G4R]5.U='65=;8UUS7X-ADV.C9;-GQVG;:^]N`W`7<BMT0W9;>'-ZB
MWRG?K^`VX+WA1.',XE/BV^-CX^OD<^3\Y83F#>:6YQ_GJ>@RZ+SI1NG0ZEOJ
MY>MPZ_OLANT1[9SN*.ZT[T#OS/!8\.7Q<O'_\HSS&?.G]#3TPO50]=[V;?;[
M]XKX&?BH^3CYQ_I7^N?[=_P'_)C]*?VZ_DO^W/]M____VP!#``,"`@,"`@,#
M`P,$`P,$!0@%!00$!0H'!P8(#`H,#`L*"PL-#A(0#0X1#@L+$!80$1,4%145
M#`\7&!84&!(4%13_VP!#`0,$!`4$!0D%!0D4#0L-%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!04%!04%!04%!04%!3_P``1"``@`.`#
M`2(``A$!`Q$!_\0`'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`
MM1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*Q
MP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA9
M6F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*S
MM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ
M_\0`'P$``P$!`0$!`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#
M!`<%!`0``0)W``$"`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1
M"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI
M:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZ
MPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1
M`Q$`/P#]2K[4K738U>ZN([=&.T&1L9/I7S+\1?''QI\8?M-6_@GX8:UHFE>#
M+70K?4M6U:_TW[68)))IDV(=PR[+&,+[$FO>/%'VN\G,":9JDL:@;9[1K7;G
MV$ISG\*XKPKXBTV3XB>+/!2FXTSQ9)HEM?(VH/!Y\L#-<1JRB+@K&X/OE_I2
M.MTHQI<]]>UT*_QV\):/J$?@S4/B'I\GBTD0->?9U5%F)P%90=@;/\.[O7R_
M^RO^V'\5?%'Q<U"P^+,^F:-X*2"Y^RZA)IPLTEE20*@$A<@Y7)Q7SL_[*OQ2
MMO'P\.7_`(0T][B2?8;I+767M7+'()N4W1@'/+9P.^*Z'X!V\$GC!]+T*>QU
M:]@AGW6W@_SM0O5(8!MT.H`0A`1@L!NH;LKFN!H0Q&(A1J.R;WV_&S_(_4[P
MSXQT/QG9R7>A:K:ZM:QOY;S6D@=0WID=Z^$?VB?^"BWBO_A9UW\./@AX<7Q!
MK5I.UK+J#V[7+2SID.D,*_>"D$%B>HXK[7\#^$9?#?P[@TM96>^DMF:2:2WA
M@<RNO5DB54!!('`[5^7'["_Q&\-_LX_M0^/=.^)DJZ'J-P+C3TU*^C($,PGW
M$,?X`X&0W0Y'.#0MM3&O&G&M.-%WBGI_5E^1],?`+]LOQ]H7@?XFZM^T#HA\
M.W'A.*SFAB6P:TGNC<&4+&L9)!):-0"#W)/`KQ`?M]?M-?%Z\U#5_ACX!5O#
MEJY5EMM)>_\`+`Y^>7*C=@<@5Z?_`,%`OB3X9_:#_9Y\1V_PZUB+Q+)X1U+3
M]1UF;3@7C6WD%PBC>.&PQW$#..M;W[!?[4WPGT']FO1M"U7Q'I/A/5=!CD2^
MM+^=8&F;<6\Y,_ZPN#GY<G/&*9S^9/\`LJ_\%"I/C79Z_P"&O$^CPZ'X]TO3
MKB]MUC)\B]\E"7&T_,C@C)7T/%<5^R7_`,%.K[XH_$:S\+_$;3]-T2'5D6/3
M]0LV*HMP>D<F[H&Z`^N*\'\!:W8_&S]OCQ3XO\&6;1>'(X-1U!YEC*!H5M70
MRL.Q=B.#UKAOV7/V5G_:-^`/Q$U+0PR^-_#=Y9S:;A\"XC,#L\'H"2`5/]X"
M@=D?>?[2W[97B[X._M3^"OAMI&FZ;<Z-K45@\]Q<AO-4S7,D3;<<<!!BO,OC
M5_P4$^)OB+XZ7OPT^">@6=Q=V5Y+8+<7L'GRW<L>1(50D!4!5L'/(YKX]T_X
MM>)?BY^T1\)+CQ8K'6]"NM-T*6652LLHANV(:4'HXW[3_NY/-?2OQS_9;^%W
MCCXM>-/$/PZ^-^C^$/%5C?S3ZAI6K77V807?+2-#/D,!N)SM#!3D9H`^I?V:
MOC?\7;SPWXUU/X[>%[3P=IOAN,.-2,;0M<$*6<K'R"@7&&!Y)Q7S%K7_``42
M^.7QJ\97UG\#O`_G:39DD`Z<U].\><+)+R%CSZ9->4?`[XT?%7XT?#GXM_"6
M_P!:N_%EI-X6N[RSFNY#+)#+;R1MA92-S*Z[L`DYP,5[/_P2]_:.^''P^^'N
MN^$/$VJV/A76VOVOOMFI2+!'=QL``OF-@!DQC:3GGB@+';?LM_\`!0[Q#XB^
M)MO\,OC'H*>'_$US<"SMKV.%K?\`TD_=AFA/W"3@`@D9/-3_``I_;N\;^.?V
MS)_A+>Z5I46@)K.J:<+F(-Y_EVRSE#Z9/E+GZFOG;]I#QMHG[3G[=7@R+X;?
MZ=Y<]E8MJMK&1Y[I*7>4>J(I^]QT/;%8WP5\2:3X1_X*8ZGJVN:G9Z/I5OXH
MU[SKZ_G6&&/*W2C<[$`98@#)ZD4!8_9"XN(K2WEGFD6*&)2[R.<!5`R23Z`5
M\->.OVX/'OCKQI=Z#\'/#1U*"U9@+EK1KF:X53@N(P0%7CC)S7U!K_C+0/B[
M\,_&%GX'\2:5XEN3IT]O_P`2B^CN=LCQ-M4E&."?>OS-^`<FMV.K:II>G_$6
MU^&MYM"S/?LT2SE#@H7"G!4]CBL*DFFDC]3X+RG!XO#XK&XB$9SIV2C*[BK]
M6HIM_=_FOJ/4?VO?B5X5^!Q\0:[H-I9^*+?7?[*GMKJW>$;/++[BG8Y%>Q_L
MM_M,V?Q^\,7"7<<.G^*M/_X^[&-OE="?EECSR5['T/U%?(OQJU/4+[]FMEU+
MQI%X\N;;Q2(O[5@W&/B!OD5F4%@/7I575/AKXA^`?AGX?_&GP.\GV.:TB;4H
M>66*1N&#CO%(.#Z'ZBLU.2?D?38CA[*\;@73Y(TJ]2I)0:NHW2NHZV:3Z75T
M_N?TI\"?VL-5\>>-/']GXH@L=-T3PS!+<&Y@#;MB.02V?8=N]>5:M^VM\6_B
MCXCO8?A/X1:?2[0G[MBUY,R9PKO@@)GT&:\H^"=IJ'Q"\/\`QT.E1-%?:AI'
MVM(8_F8`7`E=!Z_*K"L7]G_4-<:QU+3](^*UG\.`)!,]O?NT*W!QC<&"D$C&
M,$YI<\FDKGK1X;RS#5L575&#E3Y$HR4G&-XIN34;MW;?W'TYXU_:_P#'G@CX
M#^#_`!5>Z/90^(=0U.YT^_MKF)XPGE*3G;U4Y'2L6Q_;H^(?@OQ-H4'Q!\$P
MV&D:LD<T<L0=)&A<C]['GA^HX]Z\Z_:3U*XU3]F7X?SWWB1?%TW]OWR2:NBL
M%N,1L,C<`2.V2.:Y7PY8ZCX^^-W@WPM\9/$=U965G!;)8LT:"/R61)(8E8`!
M5<;1OP>1STH<I7LGV,\'D655,'.MB,-"UZSE;FY[1;MR+1Z:+5+2Q]0?M"?M
MEZMX;\=)X!^&FD)KOB(LD<ETR&51*P!$<:#[Y`(R<X'X&N*T_P#:Y^,WPO\`
M&6GZ5\4?"BFTU'"QM9V125%)QYD84D2;2>5KC?A9JVE_"/\`;F\1GQCY>G12
MWUZEM=738CM_.8O"Y8]`48+GH-U3_M*?&?XJ_#7XA7-S9?$72K[3[N\N9=(M
M=-CM;F>RM2WR!B8B5RN!U).*;D]9-G%A\EP4:M'*Z.%IS4Z2GSS<E*4FOLRB
MI6MO:VWX^HZ-^V=XE\#_`!HD\'?%#2['2M*8'9J=L&4!6&Z*8YZHPZ^AJ]\*
M_P!JSQO\=/C7=Z%X3T>QB\&VDQ>;4KA6,B6P.`Q[;G/W1[UQ'[8GA.XU+]F7
MX?\`BWQ2AG\=6ZVMO=7Q54:3S5)=6``'7D``8->Y_L1^#-(\+?L^^&[^PMUC
MOM<A^W7LQY>60D@?@`,`=JM<SERW/G\?2R?#Y,\SAAE[63=*RU@I1O>:]5JO
MRW/?:\)^+'[(WA_XK?%K2OB._B/Q#X<\4:99I96USHMTL.U%=V[J<Y\Q@1T(
MXQ7NU%=!^/'/6WAW5;?018-XGOIKP+M&I26]OYOUV^7L)_X#7BOP&_8;\#_L
M]_$*\\9:!J.L7FK7<,L,HOID:,B1@S'"H,'(KZ+HH`*\&^/W[%7PQ_:*U!-5
M\1Z9-9ZZJ",ZKILODS.@Z*_!5\=MP)%>\T4`>&?L_P#['7@']G71_$NFZ%'>
M:G;^(DCBU%=6D6998T#@)MP%QB1\\<YKR3QI_P`$IO@[XJUZ34;"XUSPU#(Y
MD:PTVX1H,GJ%$B,5'L#Q7V=10.YX'X#^#/P?_9=T>R\&Z9;)I=QXRE?35N+F
M4O=:A(8R2GF$YX7)`&`.PIWP)^%7PE_9AN/&OAWP;))IDT%O;ZKK$-[>/*8X
M0CB.3+GA<*^?I7!_M`?L\?$?XY?$C4?$5GJ-EX>M?#4$2>&([A!,\]PI$KW`
M(/[DLP$6>NW-<OXL_9>^)'Q9\<:SXJU*7_A&'\4/;Z%KUC'=+()-$6V!D5".
MC&<L![?6@#2\3?#/]FKQE\=]$\2S6.IMXXU,:?KD(TN&[,'[[#6\TPC4QINQ
MDEB!P<UYOK'[-?[)?QDU*77]&\0:KH\EYJ$-K-;V<DR"2XN6;RF"3(3M<JV&
M7Y>*[/X7_`?X@^#_`(C^'[_7/">IWMM!I>GZ4+O2O$*6\5L+:>=0T\>09T\M
MHCM],BN=\$_LB?$GP]H.EZ1JMHVJW-Q?Z)>2:TVHJ9=.M;?S!+9*N/NQ%RZ,
M.N[!Z4#/7_V9=!^`7P8\37WA#X<O-=:_>2/;76JR6]Q.MS)%G=$+HIY7RG/R
MJV,@]Z\P^,/[+/[,'Q3OKOQ9_;,WA9KC69M(NKC0Y56"2]CR91Y;*RKC!+,H
M`ZDUZ=X7TOXT?#/X5_\`"N=#\!:;=7&E6LMGI_BB/5HXX9@25CG\DC>)<,7;
M/=3ZUS_PE_95\8_!K4M8T^2#0?&ND:EHLDD374/D10:J$,;LZ9);[0CL'D'/
M`S0!TW[&?P6^"/@O3]0UWX807>I7YQ!/K&KP3)<E&&Y0GFHN$8$'*###%>&^
M*/V?/V5?'7B?QEXFU+5_$49_M*:XU74'6XAL8YY+P0N!,T8CP)I0,!C@9/0&
MOIC]E/P#XP\!Z3XBMM?T^;P]H$LL`T7P[<:F-1?3U6,B8+,/^63/C8AY55KP
M_1_V;_&5QX1\9>%M2\&7['4]8^UFZNM>2;3+NV;68;ED6US\C&!6))'8C/S4
M`>C_``V\._!/]A\ZQI&F:O>6TNJV]OJLL,GF7CR1,[0Q-&$4YW,"`!DFN3^)
MWA/]G'XL^-].DU*[U#PUXBUL)-YD5E<68E+MM0S*\>V-F88!<*2>]8'Q*_9#
M\=Z7XNNSH;S^+/!]O8VEMHUDMZ+6]LK>*\:=[03M_=#$1N>0,#M5OQ9^S7X^
M\7>(K'78M+U.TT.&SLX;WPKJ>MK</J(61]WFS#.YX=PD3G!(Q2:4MSOP6/Q6
M75/;82JX2[IV+;>&/V<;?PG+\-&\0ZM/8V^IR7)NHX;AHY[M$*M&EPL?ENP&
M1M4]0:]]\`:Q\-O$7A?3_AOHE_%X@TR3P_'>+;L#*K:?*=J,[8P"Q)P#\W!X
MXKR'PK\,?C)I_P#P@/@F*TC\.:%X9OLWVO6-]"UKJED'+8^RE2ZSL."3P"6.
M>:]0_9M^"4'P=M_'9328=-FUCQ#<W<!63S,VAP84']U%+283MN/K244MD:XC
M-<=BU:O6E*TN;5_:[^IY7\*]:_9__9]O_%.L^'];U5UM5-KJ$[V=U<0*J2,&
M9'$6UE5E92P)`QR:A\0_`OX`?&CQ-X>O;*YO-"U3Q9'<7=E;VJO:?:UBQYC^
M3*OR_>!&`-W)&:HV/P+^*$MO\5+&W\/6WA71=:\/ZC:#1K75A<66H:G,Y,=S
M;H>;92A.]3U9SZ56UW]F_P"+7B3Q-;_$-;C3['7O"_V"W\/Z++B21[>U4"11
M/G$?VC?+N&/[N>E+EC:UCHAGN9T\2\7'$251JS=]6EM?N2>)K']G'4/AV/`E
MYKNK'3?!UW--)%;P7+3[V)CED!$9\Q%).XKD+WP*TO%</[/'QVO_``1I]QJ.
MJ'4ULX;+3Y+>RNH96@)5(&F;R_E5B/D=L`\X-9_@7]G3X@Z#XH\::QJNG_VA
M%XDTC6+;3[>2_4C099R7$2+C#),2,L.5*^E;6L?!OXCP^)/AS-H/AVUTO5--
MTG1[&X\56>K>4T4<`7[7;7D!&+B,C=Y>WH231RQ["CGF9QG&<<1*\7)K79R^
M)_/J=?\`%/X%_"KXAZIIO@_Q'=7;^+=/T5KV'4(W(O&L8G6,O(^-K[6=1\P)
MY^M>/_"GX>_LX>#_`!K:SP:QK7B_4[>VAU2)[ZRFFMK:-X/M$<DC1Q",?N_F
M`<_K7L?Q@_9_O?BE\=+76[H7D/A^W\)W=BEQI^H-:RF\:>-DC;;R4*A\]L@5
MXK\/?V<O'_A'6=0BO_"6I7/V[PUI^FPWUCX@2&TAFATH6[K/!UE_>#`/XT<D
M;WL:4^(,UI4'A88F2@^E^^]NR\D>L?%?XJ?!'XZ_"T#6M?O;C1(M3MX?)L;2
MX6[^TLI:)1"(_,8,N2"%(([UW7PU^"_@B&/P!XHT1-2/_"/Z5+8Z2UX9(G6"
M4G=YD;`'=R?O#-?,5C^R[\2/"_A2*PO]$O/%^HPZUIFKMJ]OK:VU]/:Q0/']
MB5SCRS`2`K#AE]Z^S/A?_:=OX9M+#4-"O-$6U@C6);_4$O9GR"6#R*>2IXR>
8N:JRO<\J6+KRPZPCF_9IW4>E]KV[G__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
