kingaroy concerned residents group meeting

Good evening,

I hold almost half my portfolio in Cougar. I think the company has great future prospects and I was very pleased with the news of ignition. I think the reason for the sell-off is profit-taking and concerns from Kingaroy residents over environmental issues.

I found the following article on the Net:

Conservation Group Queries UCG Benefits
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March 17, 2010 - Underground coal gasification projects "have minimal environmental benefits" and "pose a serious threat to water supplies and air quality in the local area".

This is the view of Mr Toby Hutcheon from the Queensland Conservation Council who will be a guest speaker at the Kingaroy Concerned Residents group meeting tomorrow (see story March 15 below).

"These projects may have small short-term financial benefits but will leave an everlasting legacy of subsiding land and a likelihood of toxic water supplies," Mr Hutcheon was quoted in a Kingaroy Concerned Residents media release.

The action group is calling on the State Government to demonstrate safe environmental procedures and halt the Cougar project at Coolabunia immediately.

The group has demanded a full environmental impact study and hydro-geological survey be completed before any underground coal burning and subsequent release of harmful pollutants occurs.

Hopefully this is only a speed hump in Cougar's journey.

Go the CAT!