Cougar Oil and Gas Canada Inc (fka COUGF)

[OilStockReport]

I found a little something.

CALGARY, ALBERTA--(Marketwire - 06/07/11) - Cougar Oil and Gas Canada Inc. ("Cougar" or the "Corporation") (OTC.BB:COUGF - News) is pleased to provide an update for the Corporation's Trout light oil project including the preparation of an updated drilling prospect reserve report.

The Corporation has finished the initial interpretation and evaluation of the Trout 3D seismic that was acquired and processed earlier this year. Over 20 vertical Keg River and Granite Wash light oil targets have been identified and 15 of these targets have been selected to be included in a drilling prospect reserve evaluation report. On June 3, 2011 Cougar signed an engagement letter with an independent reserves company to review and prepare the drilling prospect report. During the initial project meeting it was confirmed the 15 selected locations will be evaluated and assigned a range of proven, probable and possible reserve estimates and risked NPV values. Cougar anticipates that this report will be finished and released by the end of June.