CXY - Cougar Energy
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Last sale at 13.5c.
Ann. out
05 Jul 2007 10:31 ! Accepts Australian Govt Grant
COUGAR ENERGY ACCEPTS
AUSTRALIAN GOVERNMENT GRANT FOR
RENEWABLE ENERGY STORAGE PROJECT
Melbourne, 5th July 2007: Cougar Energy Limited (ASX Code CXY) has accepted and signed
an agreement to receive $1.83 million in project funding under the Australian Government's
Advanced Electricity Storage Technologies (AEST) programme to establish Australia's first multiinstallation
demonstration project for renewable energy storage using the VRB-ESS battery system
provided to it by VRB Power Systems Inc. of Canada.
As was reported in the company’s ASX release on 3 May 2007, Cougar will apply funding to a
project located on the isolated fishing and holiday village of Windy Harbour, 200 kilometres west of
Albany in Western Australia. Project funding will ultimately involve the installation of up to 90 VRB
units at suitable sites throughout Australia over the next three years.
Cougar Energy’s grant was one of five successful funding applications, totaling $17.6 million, jointly
announced by Industry Minister, Mr Ian Macfarlane, and Environment Minister, Mr Malcolm
Turnbull.
Contact:
Dr Len Walker
Managing Director, Cougar Energy
Mob: 0419 587 396
Ann. out
05 Jul 2007 10:31 ! Accepts Australian Govt Grant
COUGAR ENERGY ACCEPTS
AUSTRALIAN GOVERNMENT GRANT FOR
RENEWABLE ENERGY STORAGE PROJECT
Melbourne, 5th July 2007: Cougar Energy Limited (ASX Code CXY) has accepted and signed
an agreement to receive $1.83 million in project funding under the Australian Government's
Advanced Electricity Storage Technologies (AEST) programme to establish Australia's first multiinstallation
demonstration project for renewable energy storage using the VRB-ESS battery system
provided to it by VRB Power Systems Inc. of Canada.
As was reported in the company’s ASX release on 3 May 2007, Cougar will apply funding to a
project located on the isolated fishing and holiday village of Windy Harbour, 200 kilometres west of
Albany in Western Australia. Project funding will ultimately involve the installation of up to 90 VRB
units at suitable sites throughout Australia over the next three years.
Cougar Energy’s grant was one of five successful funding applications, totaling $17.6 million, jointly
announced by Industry Minister, Mr Ian Macfarlane, and Environment Minister, Mr Malcolm
Turnbull.
Contact:
Dr Len Walker
Managing Director, Cougar Energy
Mob: 0419 587 396
CanOz
Home runs feel good, but base hits pay bills!
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A bit of typo in the morning summary from the link on the sidebar:
Etrade has the volume at about 53 million.
Etrade has the volume at about 53 million.
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The cougar is doing ok today.
12c - up 14%
6.1c - up 22%
The attached article is about UCG and the recent agreement between BP and LLNL
http://www.eurekalert.org/pub_releases/2007-07/dlnl-bal071107.php
12c - up 14%
6.1c - up 22%
The attached article is about UCG and the recent agreement between BP and LLNL
http://www.eurekalert.org/pub_releases/2007-07/dlnl-bal071107.php
(CXY) is shaping up nicely again after today's nice bounce off resistance turned now into support. I have scaled into this one at 8.4c then 10c so was hoping for a bounce. Next resistance is the highs then we will see how it goes from there. Notice the VERY small volume on the retracement compared to the strong days prior meaning those holding long term and even insto's, don't want to offload stock at these prices. A good sign for future higher prices.
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Hi everyone. I have been following this stock and bought in today on the break. Can anyone tell me where they think its going or can go price wise in the short term and what if any news they have which will push the price up? The buy of 2mill at 12c was exciting today! Thanks in advance Brinks
Hi Lachlan.
Yes its looking good.
Can you or anybody else tell me why 5c december 2008 oppies are trading at 5c when the heads are 12.5c ???
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Ann. 20 July
COUGAR MAKES KEY TECHNICAL STAFF APPOINTMENTS
Cougar Energy Ltd (ASX Code – CXY) has made two key staff appointments which will ensure its
potential UCG projects will be rapidly and professionally developed.
The Company has appointed Mr Andrew Brown as General Manager – UCG Projects, working
initially from Cougar’s Melbourne office, and subsequently moving to Queensland to oversee the
progressive construction of the Kingaroy UCG project. Mr Brown is a First Class Honours
graduate in Chemical Engineering from Monash University, with a Master of Engineering Science
degree in Advanced Process Design. He has had 17 years experience with ICI Australia and
Australian Vinyls Ltd in a number of roles involving process design, commissioning and
operations. His most recent appointment was as Senior Process Engineer with Australian Vinyls,
and his design and operations experience is well suited to the development of Cougar’s UCG
projects.
Cougar Energy has also appointed Mr Garry Leblang as its Chief Geologist, responsible for all
geological aspects of the Company’s activities in Australia and overseas. Mr Leblang is a graduate
from Sydney University and has more than 35 years experience in the generation and exploration of
coal prospects, with particular emphasis on Queensland. He was involved in previous UCG
projects with Cougar’s current management, and his detailed knowledge of drilling techniques will
be of particular importance in the development of the Company’s projects.
“Our new staff members have hit the ground running and have commenced the detailed design of
the upcoming drilling programme and pilot burn layout at Kingaroy in association with the
Company’s UCG technology provider, Ergo Exergy Technologies Inc. of Canada,” Cougar Energy
COUGAR MAKES KEY TECHNICAL STAFF APPOINTMENTS
Cougar Energy Ltd (ASX Code – CXY) has made two key staff appointments which will ensure its
potential UCG projects will be rapidly and professionally developed.
The Company has appointed Mr Andrew Brown as General Manager – UCG Projects, working
initially from Cougar’s Melbourne office, and subsequently moving to Queensland to oversee the
progressive construction of the Kingaroy UCG project. Mr Brown is a First Class Honours
graduate in Chemical Engineering from Monash University, with a Master of Engineering Science
degree in Advanced Process Design. He has had 17 years experience with ICI Australia and
Australian Vinyls Ltd in a number of roles involving process design, commissioning and
operations. His most recent appointment was as Senior Process Engineer with Australian Vinyls,
and his design and operations experience is well suited to the development of Cougar’s UCG
projects.
Cougar Energy has also appointed Mr Garry Leblang as its Chief Geologist, responsible for all
geological aspects of the Company’s activities in Australia and overseas. Mr Leblang is a graduate
from Sydney University and has more than 35 years experience in the generation and exploration of
coal prospects, with particular emphasis on Queensland. He was involved in previous UCG
projects with Cougar’s current management, and his detailed knowledge of drilling techniques will
be of particular importance in the development of the Company’s projects.
“Our new staff members have hit the ground running and have commenced the detailed design of
the upcoming drilling programme and pilot burn layout at Kingaroy in association with the
Company’s UCG technology provider, Ergo Exergy Technologies Inc. of Canada,” Cougar Energy
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Well, the options are up over 23%
I don't mind if it is today, portfolio green now!
http://www.thenews.com.pk/daily_detail.asp?id=67012
I don't mind if it is today, portfolio green now!
http://www.thenews.com.pk/daily_detail.asp?id=67012
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Dr Len interviewed on boardroom radio yesterday.
www.brr.com.au
very encouraging and lots of opportunities over the next 12 mths.
Worth a listen.
8.3c
www.brr.com.au
very encouraging and lots of opportunities over the next 12 mths.
Worth a listen.
8.3c
OTOH, its simply got one of the most awful SMA charts I've seen for a while, for which reason I finally gave up on this stock and sold for a loss. The only good thing that this chart indicates is how well the SP has held up during the last few days despite the pressure to sell, which (now that I've sold) might mean the SP will in fact spike up very quickly and significantly should sentiment reverse. Thats the only reason I hung on to this stock as long as I did, but as the chart got worse I've chickened out fearing an SP collapse.
I hate that sort of prediction. The price will fall, unless it goes up.
goodluck. I hope it bounces up for you.
I hate that sort of prediction. The price will fall, unless it goes up.
goodluck. I hope it bounces up for you.
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Options up 40% to 2.8c
Shares - 7c
10 September 2007
NEW FOCUS ON VICTORIAN BROWN COALS FOR
POTENTIAL UNDERGROUND COAL GASIFICATION
Cougar Energy Ltd (ASX Code: CXY) is to investigate the potential for applying the Underground
Coal Gasification (UCG) process to Victorian brown coal resources under a Memorandum of
Understanding (MoU) with Victoria Coal Resources Pty Ltd (“VCR”) announced today.
Cougar Energy’s ultimate goal is to use the UCG process within the vast coal fields to produce gas
for cheaper and more environmentally friendly power generation and for liquid fuel production.
VCR sees this as a means of expanding the utilisation of its coal resource.
Under the terms of the MoU, Cougar Energy will review data defining the brown coal deposits
contained within Exploration Licence 4416 (“EL 4416”), held by VCR under a farm-in agreement
with CBM Resources Pty Ltd, to determine their suitability for application of the UCG process.
EL4416 covers an area of about 1 million acres adjacent to the Latrobe Valley in Victoria, and is
estimated to contain 50-100 billion tonnes of brown coal situated under a limestone layer*.
The MoU will remain in place for one year with a 12 month extension by mutual agreement of the
parties. In the event that Cougar Energy gives notice that the potential for a UCG project exists in
Designated Areas within EL4416, the parties will form a 50:50 Joint Venture to pursue its
development.
Victorian brown coals have a high moisture content and low calorific value, and techniques for
drying the coal for later use can be expensive. Use of the coal in conventional coal-fired power
plants results in low efficiencies and high CO2 emissions per MWh of electricity generated.
The UCG process involves the in-situ conversion of coal into gas which is recovered from
production wells, and which can be used for power generation or liquid fuel production. If the
process can be applied to the brown coals and the product gas used in combined cycle power plants,
the potential exists for achieving low power costs in association with lower greenhouse gas
emissions, as well as the production of a low cost feed gas for the liquids plant.
Both Cougar Energy and VCR are excited about working together in Victoria to investigate the potential for this alternative and more efficient use of the State’s huge brown coal resource.
In accordance with the Listing Rules of the Australian Stock Exchange Limited, the information in this report relating to coal resources has been compiled by Rod Webster , who is a member of the Australasian Institute of Mining and Metallurgy, and a full-time employee of AMC Consultants. Mr Webster has relevant experience in relation to the type of deposit under consideration to qualify as a Competent Person as defined by the Australasian Code for Reporting of Minerals Resources and Reserves. Mr Webster consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
*There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.
Dr. L.K.Walker
Managing Director
Shares - 7c
10 September 2007
NEW FOCUS ON VICTORIAN BROWN COALS FOR
POTENTIAL UNDERGROUND COAL GASIFICATION
Cougar Energy Ltd (ASX Code: CXY) is to investigate the potential for applying the Underground
Coal Gasification (UCG) process to Victorian brown coal resources under a Memorandum of
Understanding (MoU) with Victoria Coal Resources Pty Ltd (“VCR”) announced today.
Cougar Energy’s ultimate goal is to use the UCG process within the vast coal fields to produce gas
for cheaper and more environmentally friendly power generation and for liquid fuel production.
VCR sees this as a means of expanding the utilisation of its coal resource.
Under the terms of the MoU, Cougar Energy will review data defining the brown coal deposits
contained within Exploration Licence 4416 (“EL 4416”), held by VCR under a farm-in agreement
with CBM Resources Pty Ltd, to determine their suitability for application of the UCG process.
EL4416 covers an area of about 1 million acres adjacent to the Latrobe Valley in Victoria, and is
estimated to contain 50-100 billion tonnes of brown coal situated under a limestone layer*.
The MoU will remain in place for one year with a 12 month extension by mutual agreement of the
parties. In the event that Cougar Energy gives notice that the potential for a UCG project exists in
Designated Areas within EL4416, the parties will form a 50:50 Joint Venture to pursue its
development.
Victorian brown coals have a high moisture content and low calorific value, and techniques for
drying the coal for later use can be expensive. Use of the coal in conventional coal-fired power
plants results in low efficiencies and high CO2 emissions per MWh of electricity generated.
The UCG process involves the in-situ conversion of coal into gas which is recovered from
production wells, and which can be used for power generation or liquid fuel production. If the
process can be applied to the brown coals and the product gas used in combined cycle power plants,
the potential exists for achieving low power costs in association with lower greenhouse gas
emissions, as well as the production of a low cost feed gas for the liquids plant.
Both Cougar Energy and VCR are excited about working together in Victoria to investigate the potential for this alternative and more efficient use of the State’s huge brown coal resource.
In accordance with the Listing Rules of the Australian Stock Exchange Limited, the information in this report relating to coal resources has been compiled by Rod Webster , who is a member of the Australasian Institute of Mining and Metallurgy, and a full-time employee of AMC Consultants. Mr Webster has relevant experience in relation to the type of deposit under consideration to qualify as a Competent Person as defined by the Australasian Code for Reporting of Minerals Resources and Reserves. Mr Webster consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
*There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.
Dr. L.K.Walker
Managing Director
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Boardroom Radio interview
CXY - MoU Signed with VCR to Develop UCG Project in Victoria -
Dr Len Walker, MD
http://www.brr.com.au/event/CXY/2247/31012
CXY - MoU Signed with VCR to Develop UCG Project in Victoria -
Dr Len Walker, MD
http://www.brr.com.au/event/CXY/2247/31012
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Announcement
04 Oct 2007 13:32 !
UCG drilling program to commence at Kingaroy Queensland
http://www.asx.com.au/asxpdf/20071004/pdf/314yft9szzs7kh.pdf
04 Oct 2007 13:32 !
UCG drilling program to commence at Kingaroy Queensland
http://www.asx.com.au/asxpdf/20071004/pdf/314yft9szzs7kh.pdf
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I have been waching CXY for a few weeks now (took a small position the other day in it)
Today's move may just be general mkt sentiment, or it maybe something in the upcoming qtrly, we'll soon know,
I'm a bit out of my depth here as I don't know too much about Coal or UCG which is CXY's main project type, although I do know the mkt responded well to MEE's UCG,
CXY appears to have 3 areas of projects, Qld, Vic and Pakistaneek: hmmm not to safe there I'd say)
Anyone else care to shed any info on it?
Today's move may just be general mkt sentiment, or it maybe something in the upcoming qtrly, we'll soon know,
I'm a bit out of my depth here as I don't know too much about Coal or UCG which is CXY's main project type, although I do know the mkt responded well to MEE's UCG,
CXY appears to have 3 areas of projects, Qld, Vic and Pakistan
eek: hmmm not to safe there I'd say)Anyone else care to shed any info on it?
Rung the company on Friday for a general enquiry-got a nice guy who was all too happy to advise me that the company was all out trying to make things happen.Look to the "All data on the gragh".Big fall from GRACE!!
Better days
Better days
I have been waching CXY for a few weeks now (took a small position the other day in it)
Today's move may just be general mkt sentiment, or it maybe something in the upcoming qtrly, we'll soon know,
I'm a bit out of my depth here as I don't know too much about Coal or UCG which is CXY's main project type, although I do know the mkt responded well to MEE's UCG,
CXY appears to have 3 areas of projects, Qld, Vic and Pakistan
Anyone else care to shed any info on it?
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THE MD, Dr Len, is supposed to an expert in his field.
Looks like things are moving today.
Oversold imo.
Moses,
Any chance of a chart?
Looks like things are moving today.
Oversold imo.
Moses,
Any chance of a chart?
