CXY - Cougar Energy

jancha · 6 September 2010

noie said:
Up 16% this morning,

an agreement with the Govnt, but does the kitty actually have enough to see them through?

Seems to be a lot of support to suggest they can get thru this.
Nice rebound on the news.
Wonder how they'd go with another CR?

Korban · 23 November 2010

Its been quiet of late for Cougar here on Aussie Stocks. Seems like they're working to get through this tough time rather nicely, and there may well be light at the end of the tunnel.

Im thinking it may be time for another chunk given recent, factual news of no water contamination.

What are other peoples thoughts on this one?

motorway · 2 February 2011

Korban said:
Its been quiet of late for Cougar here on Aussie Stocks. Seems like they're working to get through this tough time rather nicely, and there may well be light at the end of the tunnel.

Im thinking it may be time for another chunk given recent, factual news of no water contamination.

What are other peoples thoughts on this one?

Have not got a clue

But I put it on the watch list for obvious reasons
do not hold atm

Motorway

donteatme · 18 February 2011

Looks like these guys are gonna continue after what happened in Queensland.

http://www.tradingmarkets.com/news/...ada-inc-announces-finance-update-1467111.html

Is there hope for these guys yet?

birdmanz · 21 February 2011

donteatme said:
Looks like these guys are gonna continue after what happened in Queensland.

http://www.tradingmarkets.com/news/...ada-inc-announces-finance-update-1467111.html

Is there hope for these guys yet?

Unfortunateley this is not our Cougar, is a Canadian company....although I do believe there will be life in the cat after the QLD debacle

donteatme · 21 February 2011

Oh, well that's the last time I'm following one of stoxline's links :/

basilio · 31 March 2011

CXY is back and running. They have jumped from .015 to .036 in the last 2 days on the back of a report of a JV with the Chinese.

It looks like some quite determined buying as well. Been going for a couple of days with no sign of respite. Be interesting to see what sort of figures are being proposed with the venture.

http://newsstore.fairfax.com.au/app...te.ac?get_prices=Get+prices+&+charts&code=cxy

bassmanpete · 17 October 2011

So Cougar is going to sue the Queensland government:

http://imagesignal.comsec.com.au/asxdata/20111017/pdf/01228957.pdf

Can't say I blame them having been stopped operating on the basis of one, apparently false, reading and no other such readings after several tests. Sounds like someone in government maybe has it in for them. There's something dodgy going on somewhere imho.

st22 · 21 October 2011

Mickel said:
More clarification on Cougar Energy incident. Now confirmed that one test was above the safe drinking water standard. Not sure when this test was conducted. This is from the DERM statement attached to the CXY announcement to the ASX today-

"All of the sampling carried out to date by both Cougar Energy and DERM indicates that benzene has only been detected in one bore (monitoring bore 37) at a maximum concentration of 2 parts per billion (above drinking water guideline of 1 ppb)."

http://imagesignal.comsec.com.au/asxdata/20100728/pdf/01082567.pdf

So, we finally find out that there was one confirmed case of water pollution.

There is more on the DERM statement worth reading that is not on DERM's website yet.

Well the crux of the Cougar energy case is that according to the acceptable levels for nonpotable water the Government has made an incorrect enforcement of the standards. A single bore measured benzene but was nonpotable water (a saline bore unfit for human consumption) which has a threshold of 950 parts per billion (ppb) before it is an exceedence of Australian standards. On toluene no reading was in exceedence of any of the Australian standards. Below is a radio interview with Cougar on the issue.

http://blogs.abc.net.au/queensland/2011/10/cougar-energy-sues-qld-govt.html

There are other mitigating circumstances which I'm sure will come out in the case next year. On value there may be a similar spike on this stock somewhere in the near future if their is positive news from their overseas projects in China and Mongolia.

alu · 13 June 2012

anybody else been riding the .008 to .009 wave for the last week?

CXY - Cougar Energy

jancha

Korban

motorway

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birdmanz

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