the announcement

COUGAR ENERGY’S FIRST SHARE PURCHASE PLAN CLOSES HEAVILY OVERSUBSCRIBED “STRONG ENDORSEMENT FOR COMPANY’S FUTURE”
• Cougar Energy’s first Share Purchase Plan closed more than twice oversubscribed
• Strong endorsement from eligible shareholders for the Company’s corporate strategy, progress at the flagship Kingaroy UCG project and forecast growth profile
• The Company’s Directors have resolved to accept A$ 8.3 million which includes A$ 2.3 million of oversubscriptions
• After scaling back applications, eligible applicants will receive almost two-thirds of shares applied for at A$ 0.0825 (8.25 cents) per share
• New funds will be dedicated to accelerating Cougar’s exploration drilling and development work at the Wandoan site in the Surat Basin
• New shares under the SPP have been allotted and issued today and are quoted at the commencement of trading today on the Australian Securities Exchange
Cougar Energy Limited (ASX: CXY) is pleased to announce the results of its first Share Purchase Plan (SPP) which closed on 29 September 2009. In a strong endorsement for the Company’s future, the SPP was oversubscribed by 213%. Applications were received from 1,562 eligible shareholders for a total amount of A$ 12,713,685. Dr Len Walker, Cougar Energy’s Managing Director and CEO commented: “The Board and Senior Management are delighted with this very strong support shown by Cougar Energy shareholders. “Following on from our recent successful placement of shares to institutional and sophisticated investors, the demand for shares under the Cougar Energy SPP is an exciting endorsement for our corporate strategy as we work to become the leading company in the commercialisation of Underground Coal Gasification (UCG) technology in Australia,” Dr Walker said.
“Shareholders will have seen the swift progress we are making in construction at the Kingaroy site since we received the requisite Queensland Government approvals late in August. As well as the Kingaroy developments, the higher than expected JORC resource
Cougar Energy Limited
ABN 75 060 111 784
Address
Suite 1002, 530 Little Collins Street, Melbourne, Victoria, Australia 3000
Website
www.cougarenergy.com.au
Telephone
+ 61 3 9909 7200
Facsimile
+ 61 3 9909 7217
Stock symbols
ASX: CXY
Reuters: CXY.AX
Bloomberg: CXY AU
No. of shares on issue
919,127,810
Current share price
AUD 0.093
Market capitalisation
AUD 85.5 million