Carbon Energy announced that the Board of Directors has assessed non-executive Director Peter Hogan as an Independent Director on the basis that Mr. Hogan does not hold any interests, positions, associations or relationships which might interfere, or might reasonably be seen to interfere with Mr. Hogan's capacity to bring an independent judgement to bear on issues before the Board and to act in the best interests of the entity and its security holders generally. Mr. Hogan's status as an Independent Director will further increase the majority of Independent Directors on each of those committees and will result in a majority of Independent Directors on the Board as a whole, (including when acting in its capacity as the Nomination Committee).