
Jul 06, 2010 Cougar Oil and Gas Canada Inc. Production Update CALGARY, ALBERTA -- July 6, 2010 -- Cougar Oil and Gas Canada Inc. ("Cougar Canada" or the "Corporation") (OTCBB: COUGF) is pleased to announce that as of June 30, 2010, the Corporation's gross production was approximately 305 barrels of oil per day which resulted in a net production rate of approximately 215 barrels of oil per day. This increase was added through optimizations of surface pumping equipment. Mr. William Tighe, Chief Executive Officer for Cougar Canada, stated, "We are pleased that Cougar Canada continues to show consistent production growth and increasing cash flow and adding value to the corporation and our shareholders. This growth continues along our planned model of executing efficient work programs in our core Trout area." About Cougar Oil and Gas Canada Inc.: Cougar Oil and Gas Canada Inc. (OTCBB: COUGF) is based in Calgary, Alberta, Canada and a publicly traded oil and gas exploration and production company. The focus is on the exploration and development of Canadian based onshore oil and gas properties. The current projects are Lucy in the Horn River Basin in northeast British Columbia and CREEnergy Joint Venture and area projects located in north central Alberta. Additional information is at http://www.cougarenergyoilandgascanadainc.com. For further information: Cougar Oil and Gas Canada Inc. Investor Relations: TC Capital Phone: +1(403) 238-8813 (during market hours) e-mail: info@cougarenergyoilandgascanadainc.com www.cougarenergyoilandgascanadainc.com www.cougarenergyinc.com Forward-looking Statements: This press release contains forward-looking statements. The words or phrases "would be," "will" "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," or similar expressions are intended to identify "forward-looking statements". The Company's business is subject to various other risks and uncertainties, which may be described in its corporate filings (www.sec.gov). Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Cougar Oil and Gas Canada Inc. undertakes no obligation to update or publicly revise forward looking statements or information unless so required by applicable securities laws. | |
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