"It has been rumoured that China's CNOOC New Energy Investment is interested in acquiring coal assets in Australia, in particular either acquisition or joint venture opportunities in greenfield coal projects with a higher water content, to further develop its coal-to-liquids business. Queensland-based Cougar Energy's managing director Rob Neill has been reported as saying that Cougar Energy is interested in engaging with CNOOC. Cougar Energy is reported to be currently selling its Mackenzie coal project in the Bowen Basin and Wandoan coal project in the Surat Basin." Bigdig
CXY Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
