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March 31, 2008 BIG CAT ENERGY ANNOUNCES OPERATIONS UPDATE
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Gillette, Wyoming, March 31, 2008 – Big Cat Energy Corporation (OTCBB:
BCTE) today provided an update on activities.
Over the past 2 months Management of Big Cat Energy has been in discussions
and meetings with numerous Coal Bed Methane (CBM) operators in the Wyoming
Powder River Basin (WPRB) to further pilot projects of the ARID Tool. As a
result of these meetings another major CBM operator has agreed to test 4
pilot areas, each consisting of 2 to 4 wells. In addition, a smaller
producer will begin testing several ARID tools in their project area, in the
very near future.
As previously announced, Big Cat Energy stated that a major operator was
going to test several ARID Tools in their project area, that company is
Yates Petroleum Corp., of Artesia NM. Yates will be installing 6 ARID Tools
within the coming weeks, (weather permitting). It is worth noting that the
Yates permits were approved in 7 days by the Wyoming Department of
Environmental Quality (WDEQ). This is significant because an average
National Pollution Discharge Elimination System (NPDES) permit, which is the
industry standard, takes over one year for approval.
Marathon Oil, who has 11 approved ARID permits from the WDEQ, has been
delayed due to the severe weather conditions in Wyoming. This winter has
been one of the worst of recent memory and has hindered all operators in the
WPRB. In addition, April and May is when Wyoming receives its greatest snow
fall. June 15th is typically the peak runoff period in the state which means
there is also muddy conditions to contend with that can further hamper
operations. Remember, these wells are located in remote areas of the state
and are difficult to access even in the best of weather. Marathon has all
ready paid Big Cat for their 11 ARID Tools. Marathon is anxious to install
their tools and put them in production and has informed Big Cat that they
will share the information from these wells when it becomes available.
Montana has approved a pilot project utilizing re-injection as a process in
producing CBM wells; even though this pilot does not use the ARID tool it
does have huge implications for future ARID tools sales in Montana.
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.com
Or 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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January 23, 2008,
BIG
CAT ENERGY CORPORATION ANNOUNCES OPERATIONS UPDATE
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