looks hot and ready to go, as I mentioned earlier I have been watching big buyers absorb the smaller sellers post a 2 day rally from a break out, this is typical consolidation.
Plus fundamentals looking good All the boxes being ticked! looks good See charts below daily and weekly
11 November 2009 COUGAR CONSTRUCTION WORKS ON SCHEDULE FOR KINGAROY PILOT PLANT START-UP IN FEBRUARY • Gas processing plant assembly completed as construction works continue to progress on schedule • Ignition of the gasification process (pilot burn) forecast to commence in February 2010 • Community Consultative Committee formed Cougar Energy Limited (ASX: CXY) is pleased to advise that construction works are continuing on schedule towards the milestone pilot burn expected in February 2010 at the Company’s Kingaroy underground coal gasification (UCG) power project in Queensland.
Cougar Energy Limited is an Australian company at the forefront of progressing the development and commercialisation of Underground Coal Gasification (UCG) projects, using the world’s best proven technology. The UCG process converts coal in-situ into a gas which can be used as a fuel for power generation or for conversion into a range of petrochemical products and gas-to-liquid solutions. The UCG process generates: • cleaner energy • cheaper energy, and • efficient resource utilisation.
