Yes it was all about CSG not UCG infact I didn't hear UCG mentioned at all, I'll stand corrected if I'm wrong.
Having family in Chinchilla I know only to well how big of an impact CSG is having on the land mainly the evaporation ponds, I must add that using the word PONDS is simply a way of hiding reality as some of these so called ponds are massive and I do mean MASSIVE 100 Acres+.
Yes there are many against this industry but a lot of people are doing very well out of the CSG boom and will for a long time.
NOW imo
The UCG players have a golden oportunity to use this negativity to their advantage, and promote the UCG method of extracting energy as one of the cleanest and least impacting to the land.
We should see some greater interest in UCG and Cougar now anyway but you watch, the stock market is behaving very strangely lately, ie. good company anouncements down it goes, bad anouncements and up it goes, I just don't get it!!! Manipulation is playing a big part would be my guess.
Anyway,
I believe Cougar has a lot of upside yet but I'm getting very impatient, I'm considering going back to trading as investing is doing my head in.
Good luck to all,
Go the Cat,
Cheers
Macca
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