Cougar Oil and Gas Canada Inc. (OTCBB:COUGF)announced the successful acquisition of 2,176 hectares or 5,377 acres of mineral rights at the recent July 7 Alberta provincial land sale.

The press release is quoted as saying:

These leases (mineral rights) are located immediately adjacent to Cougar Canada’s existing Trout leases and are all within the identified Trout Core area. The Corporation now holds approximately 15,000 acres of provincial mineral rights. The lease types are a standard provincial 5 year Petroleum and Natural Gas lease including all formations from surface to basement. These leases will also benefit from the recently announced Alberta royalty incentives, which include a 5% New Well Royalty Rate for the first year of production.

Click here to access the entire press release

Click here to access Cougar Oil and Gas Canada Inc. Corporate Site

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