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August 24, 2007
BIG CAT ENERGY CORPORATION RECEIVES
FIRST GROUP OF PERMITS FROM W.D.E.Q.
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| | Gillette, Wyoming, August 24, 2007–Big
Cat Energy Corporation (OTCBB: BCTE) is pleased to announce the receipt of
its first group of approved permits from the Wyoming Department of
Environmental Quality (WDEQ) allowing the use of the ARID tool and
technology.
Big Cat Energy Corp recently received its first group of approved permits
for the installation of 16 ARID tools. The Wyoming DEQ had been reviewing
their water sampling requirements specific to the ARID tool and have decided
on a procedure which will allow permitting under the Underground Injection
Control (UIC) program to go forward in a more timely manner. This procedure
will allow Big Cat Energy to have applications for the use of the ARID tool
streamlined through Wyoming DEQ, which will result in a reduced time period
for approval of applications.
The Termo Company of Long Beach, California was the first operator to
prepare a well for the installation of the ARID tool from the group of
approved permits. The ARID Tool is now installed in the Termo well and will
be operational shortly, once a water quality verification of the receiving
aquifer has been obtained. Cedar Resources of Gillette, Wyoming is also
currently preparing a CBM well for an ARID tool also.
Two other major CBM producers in the Powder River Basin have identified as
many as eight more pilot project areas of interest and are in the process of
gathering data to populate applications to the Wyoming DEQ for the use of
the ARID tool.
This week Big Cat Energy sent out its first invoice for the ARID tool and is
preparing to send several more invoices to other CBM operators who received
approved permits. Other invoices for work associated with the preparation of
UIC applications will be sent to other operators as well.
Several CBM operators from other states have began gathering information to
investigate possible application of the ARID tool in their particular areas
of interest in the Western United States, as well as companies international
which also have large Coal Bed Methane (CBM) development potential as well.
Several months of performance history from the first and second ARID tool
pilot projects is now available and has been presented to Powder River Basin
Operators so they can compare the economics of the ARID process to other
water disposal processes. Several of theses companies are now in the review
process with Big Cat Energy staff to access ARID tool capabilities in their
site specific fields. This is step one in a three step process needed to
obtain the approved permit from the Wyoming DEQ.
About Big Cat Energy Corporation
Big Cat Energy Corporation has developed a patented technology called the
ARID Tool (Aquifer Recharge Injection Device), a revolutionary new method of
water handling that provides coal bed methane wells with the ability to
redistribute produced water. This revolutionary new coal bed methane
production technology will allow coal bed methane operators to process
produced water at a fraction of the cost of current technology.
Additional information on the ARID tool and process as well as Big Cat
Energy Corporation is available at
http://www.bigcatenergy.comOr contact:
Investor Relations
investor@bigcatenergy.com
1-866-912-BCTE (2283)
Forward-Looking Statements
Portions of this document may constitute "forward-looking statements" as
defined by federal law. Although the company believes any such statements
are based on reasonable assumptions, there is no assurance that actual
outcomes will not be materially different. Any such statements are made in
reliance on the "safe harbor" protections provided under the Private
Securities Reform Act of 1995. Additional information about issues that
could lead to material changes in performance is contained in the company's
annual reports filed with the Securities and Exchange Commission. |
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May 03, 2007, BIG CAT ENERGY CORPORATION PROVIDES CORPORATE UPDATE
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