south burnett news

There may be a few Kingaroy locals spluttering over their peanut butter on toast this morning after reading this from the South Burnett Biz:

Cougar To Install Four New Wells At UCG Site
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September 6, 2010 - Cougar Energy will install four new monitoring wells at its Kingaroy UCG trial site to assess groundwater levels and water quality as a result of its meeting with State Government officials last Friday.

The monitoring wells will be installed by early to mid-October.

The meeting followed the rejection by the State Government of Cougar's environmental assessment report into the recent water contamination scare and its demand that the company provide more information.

Cougar said today it would also provide further technical data to the government about the failure of the casing at well P4 (which is believed to be responsible for the water contamination) and the measures taken as a result at the new wells P5 and P6.

"Cougar Energy and DERM have agreed to meet regularly to assess progress of the supplementary work. Further consideration of the shutdown order at the Kingaroy project will be made when the agreed work has been completed to DERM's satisfaction," a Cougar statement said today.

UPDATE: According to Fairfax media, the top-traded stock by volume on the ASX this morning was Cougar Energy, with 30.29 million shares worth $1.1 million changing hands.