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Gillette, Wyoming, November 14, 2007 – Big Cat
Energy Corporation (OTCBB: BCTE) is pleased to announce that the Wyoming
Department of Environmental Quality (WDEQ) has approved seven permit
applications submitted on behalf of Marathon Oil Company (NYSE:MRO) to
evaluate the ARID process in seven Marathon Gas wells located in the Wyoming
Powder River Basin (WPRB). The ARID tools are slated for installation
before the end of 2007. Marathon Oil has begun preparation of these Coal
Bed Methane (CBM) wells for the installation of the ARID tools. Both Big
Cat Energy Corporation and Marathon Oil have high expectations for these
wells.
In addition Big Cat Energy has also brought on two
more large CBM producers in the WPRB and will soon begin permitting several
pilot wells on their behalf. Permit preparation will begin as soon as the
companies provide the required data needed to populate the WDEQ permit
applications for submission.
Big Cat Energy Corporation Board of Directors has
recently approved a dividend of Big Cat's common stock in its spin off
company, Sterling Oil and Gas Company, to the current shareholders of Big
Cat Energy Corporation. The dividend will consist of approximately one
share of Sterling common stock for every three shares of Big Cat Energy
Corporation common stock. This dividend is subject to the completion and
effectiveness of the appropriate filings with the Securities and Exchange
Commission.
Management of Big Cat Energy has started a dialog
with mining companies who could also benefit from the ARID technology.
Mining companies typically must dewater their target zones prior to any
mining activities. Permitting of wells, storage ponds, evaporation basins
and containment facilities are often needed at great cost. The ARID process
could eliminate many or all such facilities saving these companies large
capital outlays. Meetings have been scheduled with some mining companies to
determine the potential of the ARID tool and process in this scenario.
Big Cat Energy would also like to provide some
clarity as to why we sometimes cannot use client names in our press
releases. The principal reason is because we are restricted to do so under
the Master Service Use Agreement (MSA) we are required to sign with most
clients. The MSA requires Big Cat Energy to get approval to use the
client’s name. This process is time intensive and usually must go through
many levels of company management and legal departments before approval is
given. Depending on the nature of the press release, the use of a clients
name may have to be approved each time the name is used.
Due to unforeseen delays in the CBM industry and
with the government regulators who approve permits to use the ARID tool and
process, it has taken longer than was projected for the tool and process to
achieve its place in the industry. We can assure you that the company’s
business strategy is still on target and nothing has changed. The ARID Tool
and process is an excellent tool and concept that works well and the CBM
industry is embracing the ARID process. Next year should be a very good
year for Big Cat Energy Corporation as well as its shareholders.
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. |