CXY cougar energy limited

excuse my lack of understanding..... but could someone with more...

  1. 23 Posts.
    excuse my lack of understanding..... but could someone with more knowledge than myself explain the financial impact on CXY if Kingaroy is "shut down" permanently? I am no accountant but I am assuming the assets we have deployed at the Kingaroy site which cost a significant amount of shareholders money will have to be written off which would have a significant impact on the company's balance sheet and therefor valuation.

    Or, can the assets be re-allocated to other non-QLD sites (i.e. China)?

    Cheers
 
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