The presentation is worth a very detailed read. Notice on page 1...

The presentation is worth a very detailed read.

Notice on page 1 in big bold lettering:

"Cougar Energy Limited will become Australia's Underground Coal Gasification (UCG) leader...."

Good to say they are aiming to be the best.

The old UCG vs CSG gets a good run through the presentation. CSG has been very good to me as an investor, but UCG looks to be even better! It produces more gas and has less environmental impacts! CSG has pretty big environmental problems with all the water it brings up.


Page 8 of the presentation is the real kicker for me. CSG avereage value of 3P reserves is $0.48c.

LNC's potential 3P are valued at $0.069. CNX potential 3P are valued at $0.053. CXY potential 3P are valued at $0.015%.

The green box is the big thing... valued at only 28% of CNX, 22% of LNC and 3% of CSG peers.

The upside is mind boggling!!! I wonder how long it is before the UCG becomes seriously considered to be used in the Gladstone LNG projects!