Cougar Oil and Gas Canada Inc. Announces Operations Update

Cougar Oil and Gas Canada Inc. (OTC:COUGF) provides operations update to the previously announced Q1, 2011 Trout core area multi-well drilling program and 3D seismic program.

The press release is quoted as saying:

The previously announced 23.8Km2 high resolution 3D seismic program is nearing completion -the data recording and the overall program will be finished in 2 days. First drafts of processed seismic data expected within 6 to 8 weeks. This seismic data will provide the Corporation with the detailed geophysical information needed to support the geological selection of the drilling programs which will be executed over the next 18 to 24 months. The previously announced multi-well drilling program continues on schedule with final permitting underway. The final ERCB drilling license applications are expected to be submitted this week.

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