Cougar Oil and Gas Canada has provided an operations update on the Trout core area multi-well drilling program and 3D seismic program and an additional two well deepening operation.
Cougar has also reported the amalgamation with its wholly owned subsidiary, Cougar Energy, Inc.
The 23.8sq km 3D seismic program has now been advanced by two weeks and the field work is expected to by 15 January 2011.
The initial field work will consist of the source and receiver line clearing and surveying that will be followed by the seismic shot hole drilling and data recording crews.
The seismic program is expected to take approximately 25 days in the field and 90 days for processing and data analysis afterwards.
The multi-well drilling program, which will be executed over the next 18 to 24 months, continues on schedule with final permitting underway.
The drilling field work is anticipated to begin by 15 February 2011.
Cougar is also currently working on a reactivation program in the Trout core area, which involves contracting a service rig to deepen two existing wells to test and produce an additional lower Keg River oil formation.
The two wells, which had been suspended for several years but are tied in with pipelines to the main Cougar production facility, will be deepened.
The additional lower Keg River oil formation was identified through detailed analysis of the reprocessed 3D seismic acquired in September 2010 and has the potential to add additional reserves, production and cash flow.
The service rig will move onto the wells the first week of January 2011.
In addition, Cougar has completed the amalgamation requirements with its subsidiary Cougar Energy Inc, effective 1 January 2011.