SOURCE: High Plains Gas

December 10, 2010 13:06 ET

High Plains Gas Signs Letter of Intent for Strategic Investment in Big Cat Energy

GILLETTE, WY--(Marketwire - December 10, 2010) - High Plains Gas, Inc. (OTCBB: NXPN) today announced it has signed a Letter of Intent to make a strategic investment in Big Cat Energy Corporation (OTCBB: BCTE). Big Cat Energy is the supplier of the ARID® Aquifer Recharge Injection System for environmentally friendly coal bed methane production.

High Plains Gas will acquire 20,000,000 restricted shares of Big Cat Energy common stock and warrants to acquire an additional 10,000,000 restricted shares of Big Cat common stock.

"Our investment in Big Cat comes at a time of growth for both of our companies. The ARID® system is quickly gaining traction in the industry as the most cost effective way to handle produced water in coal bed methane wells. Our use of Big Cat's ARID® technology will reduce dewatering costs, increase long term gas production and reduce permitting times all in an environmentally friendly manner," said Mark Hettinger, Chairman of High Plains Gas. "This venture will enhance the development of Big Cat's technology as well as potentially reduce our production costs and help the environment," added Hettinger.

The ARID® System offers a simple, inexpensive and effective method of water handling with many advantages for the coal bed methane well owner including; dramatically reducing the time required for well permitting, dramatically reducing the time to gas production, eliminating the cost of produced water storage, eliminating well down time from water freezing during colder periods, reducing pump wear and electrical costs, eliminating or dramatically reducing water treatment costs, eliminating the cost of post production land reclamation, recharging the aquifers of land owners with water of the same or better quality, and allowing coal bed methane production in areas requiring environmentally friendly water handling solutions.

About Big Cat Energy Corporation
Big Cat Energy Corporation works with Coal Bed Methane ("CBM") well operators to assist them in implementing cost effective, and an environmentally friendly, method for handling produced water. Big Cat Energy Corporation's ARID Aquifer Recharge Injection System and Service allows CBM operators to save money by re-injecting the water produced from their CBM gas wells thus eliminating surface discharge, and retaining usable water for the landowners future needs.
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About High Plains Gas
High Plains Gas, Inc. is a Gillette, Wyoming based energy company actively engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin. Through its wholly-owned subsidiary CEP - M Purchase LLC, the Company owns the former Marathon "North & South Fairway" assets. These assets consist of 1,614 Coal Bed Methane wells with associated flow lines and over 155,000 net acres. This combined with the company's existing 92 natural gas wells gives the company a strong foundation in the natural gas industry. High Plains Gas will pursue expansion opportunities for the profitable production and transmission of natural gas. High Plains Gas believes it has unique expertise and experience in the refurbishment and reactivation of wells that produce natural gas from coal bed methane formations that helps position it strategically in the Powder River Basin.

Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange Commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.

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