CXY cougar energy limited

no more uh oh

  1. 567 Posts.
    Cougar Energy has identified laboratory reporting discrepancy from tests on Kingaroy monitoring wells Cougar Energy Limited has received incorrect laboratory results from water bore tests taken in association with the Companys Kingaroy Underground Coal Gasification (UCG) pilot project in Queensland.

    This follows an announcement by Queenslands Department of Environment and Resource Management (DERM) that it will order Cougar Energy to keep its Kingaroy UCG plant closed until the Government is assured that groundwater resources are protected. DERMs decision followed a result from a bore sample taken by the Cougar Energy under the Companys voluntary testing program, which it undertakes in addition to monthly water bore tests conducted under Government regulated procedures by an independent firm, Golder Associates.

    We have now been advised in writing today by the independent testing laboratory that the result from this one sample was incorrect, Cougar Energys Managing Director, Dr Len Walker, said today.
    Further, and prior to DERMs announcement and its decision on Kingaroy, we advised DERM that a subsequent test sample taken one week later and submitted by Golder Associates from the same water bore generated a clean (zero) reading, free of contaminants, Dr Walker said.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.