CXY cougar energy limited

so called

  1. 3,024 Posts.
    lightbulb Created with Sketch. 132
    I thought it pertinent and timely to reproduce some excerpts of the Cougar document challenging the ISP (so called) report.

    The aim is to highlight Cougar's rebuttals, and to generate discussion and action, particularly in this instance to seriously call into question the "independence" of this ISP.

    This report has the hallmarks of a Kangaroo court hatchet job on CXY.
    It is certainly NOT impartial, hence calling into question its independence, AND it is hardly scientific, ignoring a large amount of data supplied by CXY.



    From Cougars' ASX announcement:

    "The ISP Report discusses some matters outside the scope of the Environmental Evaluations by Cougar Energy, such as the interaction between UCG and CSG operations (which is not relevant to the Kingaroy site), and a meeting between Cougar Energy staff and the ISP prior to the Environmental Evaluations. Regrettably there is little technical commentary on the Company?s reports, which limits the capacity for a more detailed scrutiny of the basis behind some of the opinions offered in the report."


    "Prior to analysing the Report of the ISP, it is important to repeat and highlight the following facts which are known to DERM and have not been disputed by it:

    ? Cougar Energy?s Kingaroy project has presented no danger to human health, drinking water, livestock, or to other farming activities.

    ? Cougar Energy?s Kingaroy project has not spread any poisons or cancer-causing agents into community groundwater supplies at Kingaroy. "


    ERRORS IN THE REPORT

    Statement:

    "(i) Section 2.5 ? ??given the environmental, anthropogenic and political consequences of a malfunction such as happened.? "

    FACT as replied in Cougar response:

    "There were no environmental and health consequences of the incident. The political consequences are open to conjecture and should not be in the scope of the ISP Report and this review."

    That is all for now, I will probably select more relevant excerpts as they come to mind.

    I encourage others to do similar.

    Keep up the fight, using strength and wisdom.



 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.