The permitting process, including consultation, mapping and licensing, will take approximately 75 days and the seismic program, pending financing, is slated for February, 2011.
The company said that the 3D seismic program is one of the critical information sources needed to identify the drilling locations on the company’s leased lands.
The seismic will provide Cougar with the confirmation of structural features that are required to find out the oil and natural gas prospects in the Trout core area.
The seismic information along with the detailed geological mapping, core analysis and production data that are available as a result of the well control in the area is part of the risk management that is completed prior to selecting a drilling location.
The 3D seismic will also enable the company to identify potentially single well Keg River and Granite Wash oil pools, which will be developed with vertical wells.
The 3D seismic program, which will take place on 85% working interest Cougar leases, is expected to take a total of 25 days in the field.
