CXY cougar energy limited

They are currently drilling in wandoan...

  1. 1,670 Posts.
    They are currently drilling in wandoan now.
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    A second Queensland Underground Coal Gasification project is being targeted by Cougar
    Energy (ASX Code: CXY) with the announcement today of a new drilling campaign on its
    Wandoan lease (EPC 1118) in the Surat Basin.
    The drilling program – scheduled to start this month and be completed by the end of June - is
    designed to establish an initial JORC compliant coal resource of between 200 million and 300
    million tonnes.
    The Wandoan project is separate from Cougar’s current Underground Coal Gasification
    (UCG) and Power Station project at Kingaroy, also in Queensland.
    The target of the new Wandoan drill program is the Macalister Seam, which occurs near the
    top of the Walloon Coal Measures over the entire tenement (83 sq km) at depths between 250-
    300m. A drilling program of six holes completed by Cougar last November intersected coal
    seams of a thickness and at a depth suitable for application of the UCG process.
 
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