CXY - Cougar Energy

[moneymajix]

Not sure.

Options were up over 60% at one stage to 5.2c.

Now 4c, up 33%.

Now shares 9.1c, up 13.75%. High today, 10.5c.

I don't think the company has lodged its quarterley yet.

 

[Sweet Synergy]

this stock is really showing interest this am, up 25%, on good volume, any ideas why this could be

cheers

Yep great volume today (although just had a massive down vol spike 96 down to 95 which dwarfs the rest of the sessions increments, which is bearish for the short term) ... take care if u are day trading ... CXY is soooo manipulated. Just watch the props, then orders being pulled constantly, with subsequent sell offs.

From memory it was going to be years before they would would prove if the technology was going to work for their situation.

 

[YOUNG_TRADER]

What the?

Haven't been watching mkts for last 2 days, had sells up on CXY at 10c and CXYO at 4.5c,

I log on today and they've gone through,

Not complaining, very happy infact, but what the hell happened to cause such a spike?

One of my fiew non-fundamental, chart based trades

 

[moneymajix]

Run up prior to news - has happened before.

News this morning.

07 Nov 2007 09:49 ! New MOU signed with Ergo Exergy for UCG projects


Also, see Speeding Ticket response today.

Way undervalued in comparison to MEE and LNC.

 

[moneymajix]

From the speeding ticket response which compares the market caps. of CXY and its competitors, MEE and LNC.

The Company wishes to bring to the attention of the ASX that it has two competitors in Australia in
the industry of Underground Coal Gasification (UCG), being Metex Resources Limited (ASX Code
MEE) and Linc Energy Limited (ASX Code LNC), both of whom have market capitalisation values
and share price values in excess of $100 million. Further, Cougar also notes that Metex has today
released to the ASX an announcement regarding their acquisition of 100% of Carbon Energy from
their 50% joint venture partner, CSIRO, for $2.5 million cash and 100 million shares in Metex.

 

[moneymajix]

www.theage.com.au

CSIRO pegs stake in coal technology
Barry Fitzgerald
November 8, 2007


THE CSIRO is to become the biggest shareholder in Metex Resources, the Perth-based group that floated 14 years ago as a Victorian gold explorer but that is now developing an underground coal energy technology.

Metex is to acquire the CSIRO's half-share in their joint-venture company developing the so-called underground coal gasification (UCG) technology for $2.5 million and 100 million Metex shares, giving the CSIRO a 27 per cent (fully diluted) stake in the company.

Metex plans to build a UCG demonstration plant in Queensland's Surat Basin, with construction planned to start in January. It has an inferred coal resource of 100 million tonnes, which is estimated to contain 1000 petajoules of potentially recoverable energy.

UCG technology involves drilling bore holes from the surface to the underground coal seam and gasifying the coal in situ to produce a syngas suitable for conversion into feedstock for power generation or for conversion into liquid fuels and chemicals.

Metex shares closed steady at 38¢, valuing the group at more than $108 million.

Another UCG group, Melbourne-based Cougar Energy, was queried earlier in the week about the run in its share price from 5.8¢ a share on October 29 to a high of 9.6¢ on Tuesday. It said yesterday it had only two competitors in the race to be the first UCG producer in Australia — Metex and Linc Energy.

Cougar noted that both Metex and Linc had market capitalisations of more than $100 million compared with its $34 million market value. Cougar also confirmed that it had reached agreement with Ergo Exergy Technologies to use the Canadian group's UCG technology. Cougar shares closed at 8.7¢.

 

[moneymajix]

Boardroom Radio interview


COUGAR ENERGY LIMITED CXY Thu, 08 Nov 2007

2:45PM CXY - New MOU signed with Ergo Exergy for UCG projects -
Dr Len Walker, MD


http://brr.com.au/event/CXY/2247/35453

 

[kpas]

Up to 7.7c (from 6.8c) on no announcement.

Not huge volume, but reasonable enough that it has caught some people's attention.

I would fully expect no one to be buying on a day like today, so for some significant positive price movement to have occurred I would dubious if there are some people out there who have more information then the common man?

 

[moneymajix]

This stock has a history of rising prior to news.

The options hit high this morning of 2.9c.

Currently CXYO 2.6c which is up 8.33%.

 

[kpas]

So a quick read of the last anny said they were resuming drilling 7 days ago - do you think this has any affect on this morning's SP action, or will they need to wait until they have done a burn off to actually know if they have something?

Excuse the ignorance, have not read much about them & not very familiar with gas process - the only thing that gained my attention was the abnormal price action on a very neg. DOW and XAO at open.

 

[moneymajix]

I think we may soon be getting an announcement re results of recent drilling and possible date of burn trial.


CXY - 6.8c
CXYO - 2.5c

 

[razza12]

A very large rise today.. oppies up almost 50%.
Anyone have any ideas why? The usual pump and dump or maybe on the back of LNC's recent rise

 

[farout]

Anything related to Underground Coal Gasification (UCG) is flying at the moment, so much media coverage & potential in these stocks. MEE (Metex Resources) should be roaring ahead on Monday when it re-opens from it's trading halt.

 

[mick2006]

for all those that have followed the rise of LNC,MEE,ICN etc, check out CXY, with UCG projects in Queensland, Victoria, India, and Pakistan, they will be the next big thing in the UCG sceene.

With a market cap only a fraction of all the other names it won't be long before the bigger boys start taking notice of CXY.

much like ICN, CXY is in discussion regarding funding of their Queensland UCG project, and any development on the funding front is likely to send the shares racing.

but the icing on the cake will be next months trial burn at their Kingaroy project, drawing attention to CXY in the race to be the next commercial producer in australia.

 

[mick2006]

the following article may explain some of the interest today, it was posted on the age online last night.

with very few players currently in the sector it wouldn't surprise to CXY run much higher.


Coal gas tech could boost QLD economy
Email Print Normal font Large font May 12, 2008 - 5:02PM


The commercialisation of underground coal gasification (UCG) technology could potentially generate up to $600 million for the Queensland economy each year, according to a report from PricewaterhouseCoopers.

UCG is the process of extracting coal from the ground through its transformation into a combustible gas for power generation or as a feedstock in the production of diesel or fertilisers.

The method is not widely used and PwC said the technology, while not new, is potentially at the transition point to mainstream commercial implementation.

PwC said UCG could potentially increase global accessible coal reserves due to its ability to utilise coal resources that are otherwise considered uneconomic to mine.

The World Energy Council's 2007 Survey on Energy Resources estimates that 44 billion tonnes or 45 per cent of Australia's proven in place reserves is available for UCG extraction, PwC said.

The report estimates that a UCG industry producing equivalent to 10 per cent of the current QLD coal production could potentially contribute close to $500 million per year to the state and over $160 million per year in royalties.

Australian groups Linc Energy Ltd, Cougar Energy Ltd and Carbon Energy, a joint venture Metex Resources Ltd and the CSIRO, are investigating the commercialisation of UCG technology.

 

[james99]

the following article may explain some of the interest today, it was posted on the age online last night.

with very few players currently in the sector it wouldn't surprise to CXY run much higher.


Coal gas tech could boost QLD economy
Email Print Normal font Large font May 12, 2008 - 5:02PM


The commercialisation of underground coal gasification (UCG) technology could potentially generate up to $600 million for the Queensland economy each year, according to a report from PricewaterhouseCoopers.

UCG is the process of extracting coal from the ground through its transformation into a combustible gas for power generation or as a feedstock in the production of diesel or fertilisers.

The method is not widely used and PwC said the technology, while not new, is potentially at the transition point to mainstream commercial implementation.

PwC said UCG could potentially increase global accessible coal reserves due to its ability to utilise coal resources that are otherwise considered uneconomic to mine.

The World Energy Council's 2007 Survey on Energy Resources estimates that 44 billion tonnes or 45 per cent of Australia's proven in place reserves is available for UCG extraction, PwC said.

The report estimates that a UCG industry producing equivalent to 10 per cent of the current QLD coal production could potentially contribute close to $500 million per year to the state and over $160 million per year in royalties.

Australian groups Linc Energy Ltd, Cougar Energy Ltd and Carbon Energy, a joint venture Metex Resources Ltd and the CSIRO, are investigating the commercialisation of UCG technology.

I suspect CXY still has a very long way to run, perhaps in very short order. Its market cap is about Au$50 mil, substantially less than Mee (cap Au$125 mil, but with further dilution of over 15% new issues already announced) which is not much further advanced practically.

Mee continues to advance and even if CXY (and they were the two referred to in the PWC report, aside from Linc of course) only achieves parity with Mee current market cap that will result in a share price for CXY of Au$.325.

If it follows the path of Mee, Linc etc then there should be several days of strong rises; it has still not reached its 52 week high of 15 and I hope will break that (easily) today.

 

[springhill]

Just pulled this off CXY website, that is a fair few shares on offer compared with Mee (276,000,000) and Lnc (195,000,000)
As at September 2007, the company’s ( CXY ) issued capital structure was:

Approximately 370 million fully paid shares
10 million $0.02 (2 cent) shares partly paid to $0.001 (0.1 cents) with a call after 8 November 2007

179 million share options that expire 31 December 2008, with a strike price of $0.05 (5 cents)

72.5 million share options that expire 6 October 2009, with a strike price of $0.03 (3 cents)

 

[james99]

Springhill: I think the issue is not the number of shares per se, but overall market cap vs the stage of development and other assets / liabilities.

Mee of course is about to be further diluted by 55mil. shares (at about .20 I think is the price). It will make it an over AU$150 mil company with the trial still to do.

So, we come back to the issue of whether CXY is good value, for its capital size and projects in the current UCG climate. I think the answer is an overwhelming yes.

Of course, it is relevant that Dr Len Walker was, and is, regarded as one of the forerunners of UCG. Further, given the composition of the company and his business experience (he was involved wih Linc Energy at the inception I think) he will quickly capitalise on the current interest (ie by making announcements; obtaining funding etc). He is just too important and experienced in the UCG industry to overlook. [IMO].

[and disclose holdings; as I did in Mee etc].

 

[LittleMak]

Whats going on with CXY's website????? there dosen't seem to be any recent news? its all dated back in 2007.

Have they been active and productive?

Does anyone know when they plan to run any UCG GTL trials? dates or resources known?

Cheers

Mak

 

[LittleMak]

Wow it seem shard to pick who is really going to take off and be successful here (maybe they all will be)

We have Linc who has the 'so far' realized largest coal deposits for it demonstration plant and production in AUS and seems to be the best at advertising this technology to the market.

We have MEE who has teamed up with the CSIRO and supposedly has newer and better technology than linc but a much smaller realized coal deposit (possibly more to come)

And Cougar who has teamed up with the Canada's Syntroleum the world leaders in certain technology with UCG and GTL.

So if you guys had $15-$20k to invest, who would you go for?
Maybe a dive into all them?
Who do you see as being the best value, the possibility to out shine the most?
Basically who seems to be the top company and why?


*(disclaimer:any info is not taken a s a recommendation to buy or sell)