To all the long term holders I do admire your patience. Now I...

To all the long term holders I do admire your patience. Now I understand why your patience may be well rewarded. I think Poyndexter is spot on with his analysis of the potential jv's. 4 mil in the kitty, sophs happy to pay up (for more than a marginal return one would expect), Len in China and the following from the ann on 30/3/2011:

China UCG projects ? Wu Ni Te
Cougar Energy has signed a Co-operation Agreement with Inner Mongolia DeTailong Investment Energy Ltd (DeTailong) for the cooperation and commercialisation of a UCG project at the Wu Ni Te coal mine in the Inner Mongolia Autonomous Region. The Co-operation Agreement sets out the basis of the co-investment and development of the Wu Ni Te UCG project, and will be further documented in a formal contract. The project will operate under a 50/50 joint venture sharing profits and expenses, and its commercialisation will be subject to receipt of all necessary project registrations and the standard procedures of evaluation and financing.

The Co-Operation Agreement forms part of an application for project registration which has been lodged with the responsible authorities in Xilinhot. It is intended that registration will be achieved DURING APRIL, which will allow a drilling program to commence shortly thereafter at the pre-selected site for the UCG trial plant.

China UCG projects ? XinJiang
Discussions continue between the Company and Limitless International Holdings Pty Ltd (LIH). Cougar Energy is awaiting the provision of further technical data on coal deposits from LIH which will enable advancement of the proposed joint venture agreement and associated subscription of capital.

LIH is making arrangements for a joint meeting in MID APRIL with Beijing government officials to present UCG development proposals for XinJiang. Cougar Energy will be represented at that meeting.

PG

As many of you would be aware APRIL is a pivotal turning point for the cougar and as big Darryl Eastlake used to say "THIS IS HUGE"