April 13, 2010 (FinancialWire) (Investrend Research Syndicate) — Ernest C. Schlotter, a senior analyst with SISM Research and a four star analyst according to StarMine, has initiated coverage on Cougar Oil and Gas Canada, Inc. (OTCBB: COUGF).  The 10-page report, dated April 9, 2010, includes a stock rating and an 18-24 month target price.

The full report includes important disclosures, disclaimers and analyst information. Investrend and SISM Research both advise investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker.  Investrend and the SISM Research both further advise that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor’s total investigative process. (More about ratings and valuations is available at http://www.investrend.com/ratings).

A complementary report, which includes important disclosures, disclaimers and analyst qualifications, is available for download via the Investrend Research Syndicate (at http://www.investrend.com/recent-research).

According to the report:

“Corporate growth began in the autumn of 2009 when Cougar acquired producing properties with excellent infrastructure in the Trout Field Area in North Central Alberta. The sunk costs exceeded $50 million including wells, facilities, pipelines, roads and power lines. This excellent infrastructure lowers the overall operating costs and CAPEX will be spent on the drill bit and development work. This results in a more aggressive growth plan to make Cougar a 2,000 barrel-a-day company by 2012/2013.

“Since the acquisition, Cougar increased existing production considerably through workovers and maintenance programs. The existing suspended wells in the Trout Area provide many opportunities for workovers to add reserves and production at much lower costs than drilling or acquisition. Central to Cougar’s future drilling and development projects was a joint venture agreement with CREEnergy that gives Cougar a 100% working interest to develop approximately 345,000 acres in cooperation with First Nations communities in central Alberta, adjacent to Cougar’s producing properties.

“Just recently, Cougar closed a formal agreement with a Canadian bank for two credit facilities to develop existing proved non-producing/undeveloped petroleum and natural gas reserves in Cougar's core area and/or acquisitions of producing reserves. This transaction will enable Cougar to promptly execute its dedicated work program for the core area properties of Trout, with the goal of increasing existing production significantly.”

Cougar Oil and Gas Canada, based in Calgary, is a production and development company focused on the acquisition, exploration and development of crude oil and natural gas reserves in the Trout Field Area in North Central Alberta within the Western Canadian Sedimentary Basin (WCSB). The Company also intends to develop oil and gas reserves of new First Nations Treaty Land Entitlement (TLE) claims, which is adjacent to company’s core assets: the Trout Field Area producing properties. Within the First Nations communities, Cougar has the opportunity to explore and develop approximately 345,000 acres of mineral rights.

SISM Research (http://www.sism.com) is a private investment research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995.  SISM Research publishes research on micro- to small-cap companies trading on the OTC, NASDAQ, AMEX and TSX stock exchanges.  SISM research coverage platforms are geared toward institutional and individual investors in both North America and in Europe. SISM Research, as a member-provider of the FIRST Research Consortium (http://www.investrend.com/FIRST), takes steps to ensure the independence and integrity of SISM’s published research that exceed those of the CFA Institute Code of Ethics and Standards of Professional Conduct and the CFA-NIRI Guidelines, by following the exacting “Standards for Independent Research Providers”, which are also in accordance with guidance set forth by U.S. Securities and Exchange Commission’s Advisory Committee on Smaller Public Companies.

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