Cougar Oil and Gas Canada Inc. Announces Operations Update and Financing Update

Cougar Oil and Gas Canada Inc. (OTC:COUGF) provides an operations and financing 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 has now had all permits approved. Work crews and equipment is currently mobilizing to the project area. Line cutting will begin on Tuesday, January 11, 2011. The project is currently ahead of schedule and will have all field work completed by the end of January.

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