CXY cougar energy limited

planning to resume

  1. 202 Posts.
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    Interesting extract below that I found on ABC rural (dated 4 August). Answers how many staff were laid off as well as confirming that the company thinks it will get the all clear to resume. Unfortunately no indication of when, my guess is end of the month (Ie after the election).
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    Cougar Energy says it's more optimistic about resuming a coal gasification project in the South Burnett.

    The company's shares are in a trading halt and the management team has laid off 20 workers.

    Managing Director Dr Len Walker says they're working on an environmental report on the project.

    "That gets submitted and reviewed and only then will the department make any decisions so obviously we wait for the department to review all of our work before we can say confidently whether we'll be proceeding or not.

    "Well I believe that the results do confirm what we've been saying all along.

    "Obviously there's a lot of emotion associated with this issue and we've tried from our position to stick to the facts and the information that's available and the facts seem to be consistent between our testing and the Department's testing."
 
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