Cougar Oil and Gas Canada Inc. Announces Multi-Well Drilling Program

Cougar Oil and Gas Canada Inc. (OTCB:COUGF) announces a Q1, 2011 multi-well drilling program in the Corporation’s Trout Core area.

The press release is quoted as saying:

The Corporation has identified five (5) drilling targets and will proceed with the permitting for a three (3) well Keg River light oil drilling program. The permitting process, including consultation, surveying, lease acquisition and licencing, will take approximately 90 days and the drilling program, pending financing, is scheduled for February, 2011. The drilling program, which will take place on 85% working interest Cougar leases, is anticipated to take a total of 30 days. The three (3) well drilling program was selected after an extensive review of the 3D seismic data, the regional and local geological mapping, the core data and the well performance of the existing regional wells. The drilling program will include a new horizontal oil well, a new vertical oil well and the deepening of an existing wellbore to access a new deeper oil formation.

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