Just some info regarding Cougar and Ergo Exergy...
Cougar Energy maintains a formal licence agreement with Ergo Exergy Technologies of Canada for the provision of Ergo Exergy's UCG technology to all UCG projects to be developed by both Cougar Energy Ltd and Cougar Energy (UK) Ltd.
Dr. Len Walker (Managing Director of Cougar Energy) and Dr. Michael Blinderman (Director of Ergo Exergy) have been working together to commercialise UCG technology since 1996. Between 1999 and 2002, Dr Walker and Dr Blinderman initiated and conducted the longest and most successful UCG test burn yet undertaken in the Western world at Chinchilla in Queensland. The test gasified around 35,000 tonnes of coal during this period, meeting all required environmental standards.
Together, their knowledge and insight into the potential costs and benefits arising from the utilisation of UCG technology for generating energy is surpassed by none other in Australia.
CXY Price at posting:
1.7¢ Sentiment: LT Buy Disclosure: Held
