Cougar Energy and Eneabba Gas sign MoU for development of UCG and power Joint Venture in Mid West WA Key points: ?h Eneabba Gas has signed a MoU with Cougar Energy in regard to development of its UCG coal resources at its Sargon Tenements in Mid West WA, ?h Cougar Energy to have a 50% interest in the tenement upon completion of the formal Joint Venture Agreement, ?h Exploration drilling and requirements to establish a pilot plant for UCG near Dongara Western Australia will begin in mid 2010, and ?h The UCG technology of Ergo Exergy Technologies Inc (Cougar Energy??s partner in its other UCG projects) will be utilised in this project.
CXY Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held