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Market:	ASX
Sector:	Oil and Gas Exploration and Production
EPIC:	CXY
Latest Price:	0.02 (0.00%)
52-week High:	0.05
52-week Low:	0.01
Market Cap:	18.11M

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Cougar Energy

Cougar Energy specialises in underground coal gasification(UCG) and electricity generation.

Cougar Energy receives permit to establish Kingaroy UCG & power project in Queensland

Thursday, August 27, 2009

Cougar Energy (ASX Code: CXY) has achieved two milestones at its Kingaroy Underground Coal Gasification (UCG) and power generation project in Queensland.

Dr Len Walker managing director of Cougar Energy said receiving the "Mineral f" permit from the Queensland Government under the Queensland Mineral Resources Act now enables Cougar to specifically establish a UCG project on site within its Mineral Development Licence 385.

Walker said the Mineral f permit approval includes the most stringent environmental conditions applied to any UCG project in Australia.

He said the company appreciated the Queensland Government support and confidence in the development of flagship project at Kingaroy.

Walker said on forward planning estimates, gas production is due to commence in the Kingaroy Project Pre-Production Phase in January 2010.

The company has awarded a combined construction contract to Eastcoast Development Engineering Pty Ltd to undertake all earthworks, civil works, mechanical, piping, electrical and instrumentation works at the Kingaroy site. Fabrication of pressure piping will begin in August and mobilisation to site is targeted for 1 September 2009.

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