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June 25, 2008 BIG CAT ENERGY PROVIDES OPERATIONS UPDATE
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Gillette, Wyoming, June 25, 2008 – Big Cat Energy Corporation, (OTCBB: BCTE),
today announced that after numerous weather delays in the Powder River Basin
of Wyoming, Marathon Oil Corporation (NYSE:MRO) has installed and turned on
the first of their eleven (11) pilot wells using the ARID Tool.
The ARID process is working as designed and is currently storing water in
the receiver aquifer at a rate of approximately 1000 barrels per day (bpd)
or around 29 gallons per minute (gpm). Marathon is now preparing other wells
for ARID installation which should become operational within the next few
weeks. Marathon is quite pleased with the ARID Tool’s performance and is
very optimistic about the pilot programs early test data.
Yates Petroleum has begun well preparation for the installation of their
first ARID Tool. Yates has six (6) approved permits from the Wyoming
Department of Environmental Quality. Currently Yates Petroleum is testing
the receiving aquifer’s water quality for compatibility with the produced
water prior to turning on the well. Yates has plans to install the six ARID
Tools as tests prove up in their pilot project areas.
This year Big Cat Energy Corporation (Big Cat) has begun to notice a change
in the Coal Bed Methane (CBM) industry. CBM operators have now begun
contacting us regarding the ARID Tool and process. With the more restrictive
regulatory stipulations placed on the CBM industry and word that the ARID
Tool and process does work, operators have started contacting us in greater
numbers. Big Cat anticipates this trend to continue in greater frequencies
as more pilot study data is collected by operators.
Big Cat is also moving forward with the manufacturing of a 5 ½” ARID Tool.
Numerous CBM operators outside the Powder River Basin and coal mining
companies use 5 ½” casing to construct their wells rather than the standard
7” casing. The first prototype 5 ½” ARID Tool is estimated to be completed
from manufacturing in six to eight weeks; testing of the tool will begin as
soon as possible.
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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March 31, 2008,
BIG
CAT ENERGY CORPORATION ANNOUNCES OPERATIONS UPDATE
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