SOURCE: Zeus Development Corp

May 30, 2007 11:31 ET

Cougar Energy Ltd to Develop 400 MW UCG Power Station, Houston Conference to Discuss This Development and Others

HOUSTON, TX--(Marketwire - May 30, 2007) - Cougar Energy Ltd announced yesterday that it will develop a 400 MW UCG power station in Pakistan following receipt of a letter of offer from the regional government of Sindh. Cougar (UK) Ltd will finalize a memorandum of understanding (MOU) within a month for an exploration license over 65 sq km of the 100 billion ton Thar coalfield, 300 km east of Karachi.

Cougar UK will have access to a large coal deposit containing coal seams ranging from 8m to 23m thick. Over the next 6-12 months, the company will undertake a drilling and testing program as well as complete a feasibility study for a power station of at least 400 MW within 18 months.

Ergo Exergy Technologies' screening study in 2003 found the deposit was likely to support a UCG operation with output to sustain a power station in the range of 120 MW to 1200 MW. Cougar UK is currently setting up a Pakistan operating company.

This development and others will be discussed June 21-22, 2007 at a Houston conference entitled "Underground Coal Gasification" hosted by Zeus Development Corp and SYNGAS Refiner newsletter. View the full conference agenda online at http://www.syngasrefiner.com/UCG/agenda.asp

Conference participants include Chevron International Exploration & Production, Sasol Technology, American Electric Power, Ergo Exergy Technologies, Inc., Dow Chemical Company, Natural Resources Defense Council, Southern California Edison, AE Coal Technologies India, Antofagasta Minerals, Clean Air Task Force, Cougar Energy Ltd., DKRW Energy LLC, Eskom Holdings, GasTech, Inc., Great Plains Institute, Gujarat Mineral Development Corporation, Heller Ehrman, Laurus Energy, Lawrence Livermore National Laboratory, Matco Capital Ltd., Reliance Industries Limited, Summit Power, Synergia Polygen, TEXYN Sendero Partners, University of Queensland and Value Plus Mining Solutions.

Register online at https://www.zeusdevelopment.com/secure/ucg/register.asp or by calling Zeus Development at 713-952-9500.

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