& Cougf down divided by two since 1/5/11 with a good news on Cougf, very curious trend,
Cougar Oil and Gas Canada Inc. Announces Multi Well Drill ProgramFont size: A | A | A12:34 PM ET 5/4/11 | Marketwire
Cougar Oil and Gas Canada Inc. ("Cougar" or the "Corporation") (OTCBB: COUGF) is pleased to announce that based on the successful 3D seismic program completed in Q1, 2011 - we have identified 15 drill locations in the first round of review. We will start the permitting process for 5 of the wells with the goal of starting the drilling program in August of 2011.
The first stage five (5) well drilling program was selected after an extensive review of the 3D seismic data, the regional and local geological mapping, the core data and the well performance of the existing regional wells. All of the current targets are vertical locations with new potential reservoirs identified with the seismic. Of the 15 locations 7 are targeting new reservoirs and balance are development wells of existing reservoirs.
As was previously announced, the horizontal well continues to steadily improve as the drilling fluid lost to the formation is recovered. The reservoir pressure is increasing and the fluid level in the wellbore continues to increase. A temporary hydraulic pump jack was installed on the well just prior to breakup and once the lease conditions dry up we plan to replace that with an electric submersible pump which will result in the higher production rate required to properly evaluate the well
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