CXY 0.00% 0.3¢ cougar energy limited

Ann: PwCS Corporate Finance Role , page-10

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  1. 70 Posts.
    "Apparently the report stated the site selected was not suitable:

    Quote:The local hydrogeology indicates considerable
    underground complexity and potential for preferential flow
    of groundwater. This information was contained in the consultant?s report that was available to Cougar Energy (and therefore potentially to government) at the time of approval. It is unclear why the trial was not located in a
    more simple hydrogeological setting, which was available not too distant from the existing site."

    I am not sure other reasons why the existing site was selected. However, it is common engineering practice to select trial site at the worse site condition to demonstrate the technique can be carried out at any site conditions. I am very disappointed that so called expert panel is recommended that the trial site should be selected at a good site condition. This is not consistent with current engineering practice (may be they have no common sense and engineering knowledge at all).
 
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