S Skim, don't forget Wandoan....re: SPP surplus:
The extra funds will be utilised for the benefit of all Cougar Energy shareholders, namely to accelerate the exploration drilling and development work at the Company�fs second UCG project, at Wandoan.
The funding will enable this expanded resource base in the highly sought-after Surat Basin tenements to be opened up for development some 6 to 9 months earlier than previously planned. The Company is modelling various syngas applications, including gas-to-liquids and chemical feedstock plants.
From the annual report re Wandoan:
Key milestones targeted for 2009 -2010
�¡�¡ Develop feasibility study for site development
�¡�¡ Expansion of the JORC resource
........Note: expansion of JORC resource was targeted for 2009-2010 yr....therefore if brought forwards 6-9mths, drilling must commence pretty soon.
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