From Cougars last announcement:"...it has been advised that...

From Cougars last announcement:
"...it has been advised that lifting of the Environmental Protection Order WILL NOT OCCUR TO COMPLETION AND REVIEW of the Environmental Evaluation by the UCG Expert Panel."

"The Cougar Energy Board of Directors is assessing the IMPLICATIONS of that decision AS WELL AS ACCESS TO CAPITAL FOR NEW WORKS REQUIRED TO BE COMPLETED BY DERM AND FOR ON-GOING OPERATIONS."

To me it is clear from the last statement that the board has real concerns regarding funding.

Whether you choose to view the "glass" half full or half empty is your decision. In my view a 50/50 chance of survival does not make for a prudent investment decision. Bear in mind that historically CXY has existed from capital raising to capital raising. Under the current cloud, this option is no longer realistic without a drastic cut in share value. Current holders have no other option than to wait. If CXY fail to access working capital to move forward, to me the obvious consideration is to spin of some coal assets if possible (it seems to do the trick for LNC). Just my view.

Regarding other "irons in the fire", what are they? My understanding is that there is no plan "B" to got to at short notice. All other prospects are pretty much contingent on success at Kingaroy.