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October 10, 2007
BIG CAT ENERGY CORPORATION COMMENCES
PILOT PROJECT WITH MARATHON OIL CO.
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| | Gillette, Wyoming, October 9, 2007 –
Big Cat Energy Corporation (OTCBB: BCTE) today announced that the Company
has entered in to an eleven well pilot project testing the ARID Tool and
Process with Marathon Oil Company (NYSE:MRO).
Marathon Oil Company will be field testing the ARID Tool and Process to
determine the effectiveness in managing the water produced from two of their
coalbed methane (CBM) fields in the Powder River Basin of Wyoming. These
projects are comprised of seven wells in the central part of the basin and
four wells in the northern part of the basin. Big Cat anticipates that the
results of these two projects will highlight the value of the ARID system in
CBM water management.
With the selection of the projects by Marathon and permit preparation and
submission by Big Cat already completed, the two companies are well on their
way to putting the ARID system to this test. Permit approvals by DEQ are
expected in two to four weeks with project initiation slated for
mid-October.
The Termo Company has permitted and installed an ARID tool in the northern
part of the Powder River Basin. Preliminary data from this well indicates
the ARID Tool and Process are working as planned. This should open the door
for additional tool sales to the Termo Company.
Big Cat personnel have been notified that the Wyoming Department of
Environmental Quality intends to begin public notification of a rule change
regarding water quality sampling requirements during the week of October
22nd 2007. The rule change will allow water quality sampling frequencies to
be changed from quarterly to annual and is an important development for
companies planning to utilize the ARID Tool technology.
Effective September 30th, 2007, Robert Goodale resigned as principal
financial officer, treasurer and secretary of Big Cat Energy Corporation.
Mr. Goodale also resigned as the secretary and chief financial officer of
Big Cat Energy's subsidiary, Sterling Oil and Gas Company, effective
9/30/07. Mr. Goodale, who has been with the Company since 2006 will be
pursuing opportunities outside the Oil and Gas industry.
Effective October 1st, 2007, Big Cat Energy announced Richard Stifel joined
the company as the principal financial officer, secretary and treasurer. Mr.
Stifel has also become the chief financial officer and secretary of Big Cat
Energy's subsidiary, Sterling Oil and Gas Company. Mr. Stifel previously
served as the President of RGS Resources LLC, a Denver based provider of
interim CFO/Controller and Sarbanes Oxley services to startup and mid sized
companies. Mr. Stifel also served as the Market Leader for Denver and
Phoenix and as a consultant for The Siegfried Group LLP, a Delaware based
provider of professional financial services to Fortune 1000 companies.
On October 2, 2007 the company completed a private place for 500,000 shares
of the company's restricted common stock at $1.00 per share to an accredited
investor. The proceeds from the placement will be used for operating
capital.
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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August 24, 2007, BIG CAT ENERGY CORPORATION
RECEIVES FIRST GROUP OF PERMITS FROM W.D.E.Q.
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