This comes out of the MOU between Cougar & Direct Invest AG Group:-
"The funds to be raised by DI will be applied to a Bankable Feasibility design and construction of the first stage of Cougar Energy's Underground Coal Gasification (UCG) project, which is part of the phase development of a 400MW power station using UCG gas as fuel". [Announcement: Cougar Signs MOU to Secure Long Term UCG Project Funding - 10th June, 2008]
Cheers, Pie :)
CXY Price at posting:
0.0¢ Sentiment: None Disclosure: Held