Big Cat Energy Provides Operations Update
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GILLETTE, Wyo., March 31 /PRNewswire-FirstCall/ -- Big Cat Energy
Corporation (OTC Bulletin Board: 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 are when Wyoming receives its greatest snowfall.
June 15th is typically the peak runoff period in the state which means there
are 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 already 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
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.
SOURCE Big Cat Energy Corporation
Investor Relations of Big Cat Energy Corporation, 1-866-912-BCTE (2283),
investor@bigcatenergy.com
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