CXY cougar energy limited

building a base, page-5

  1. 2,531 Posts.
    Now, what have we here?-
    "The Shenhua Group had completed mechanized drilling work by the end of 2002. Of 54 square kilometers, the Chinese firm had drilled 125 holes over 9 square kilometers. About 200 million tonnes of coal reserves were estimated to be available within 54 square kilometers, which is enough for power generation for the next 30 years. In view of the rapidly mounting Pakistani energy deficit, there is an urgent need to exploit the country's huge indigenous coal resources, turning the coal-mining sector into a modern mechanized industry.

    Has the Gov't gone with this private consortium, since the Chinese withdrawal on the 18.05.07 and is this the same 65skm area CXY may be involved with?, the timing of the ann suggests it may be, also the gov't grants to get this off the ground are very large, very interesting if I may say so.
 
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