Cougar Oil and Gas Canada Inc. Reactivates Suspended Alexander Oil Prospect

Cougar Oil and Gas Canada Inc. (OTCBB:COUGF) announced the successful integrity tests, repair and reactivation of the suspended oil property in the Alexander field.

The press release is quoted as saying:

The property, which is setup as a single well battery, is located in north central Alberta and was acquired in Q4, 2009 as a result of a default by the partner in the Lucy project on a farm-in commitment. When Cougar Canada acquired the property both the pumpjack and the battery needed repairs and general maintenance before the well could be started up and put on production. The repair and startup operations were deferred until after spring breakup to avoid extra costs and potential equipment damage that could result from doing this work in the colder winter weather.

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