Tiger-Cat Energy Announces Farm-in in Australia

FSC / Press Release 
Tiger-Cat Energy Announces Farm-in in Australia 
Calgary, Alberta CANADA, November 16, 2006 /FSC/ - Tiger-Cat Energy Ltd. (TCE -
TSX Venture), ("Tiger-Cat") is pleased to announce that it has entered into an
agreement with Tri-Star Petroleum Company and Tri-Star Australia Holding Company
(both referred to herein as "Tri-Star": website www.tristarpetroleum.com),
through which agreement  Tiger-Cat (by its wholly owned Australian subsidiary
Bronco Energy Pty Ltd. ("Bronco") (Tiger-Cat and Bronco are together referred to
as "Tiger-Cat")) has agreed to farm-in on certain lands held by Tri-Star (the
"Farm-in Agreement").  As part of the transaction, Tiger-Cat will grant to
Tri-Star an Overriding Royalty (the "Tri-Star Royalty") of 3.125% of the
Tiger-Cat transfer interest of revenues from production. In addition, after
payout of the costs of Tiger-Cat, Tri-Star will be entitled to convert the
Tri-Star Royalty to 10% of the transfer interest held by Tiger-Cat. Completion
of the transaction is conditional upon government approval being received for
the assignment
of the Authorities to Prospect ("ATPs").  Tiger-Cat Energy Ltd. has guaranteed
the obligations of Bronco under the Agreement. 
The Farm-in agreement provides that for the payment of AUS$350,000 by Tiger-Cat,
Tiger-Cat will acquire all of Tri-star's interest in four ATPs located in the
state of Queensland, Australia. The four ATP's are known as ATP 631, ATP 735,
ATP 803, and ATP 804. The four ATPs occupy approximately 870,675  acres (3,525
square kilometers) and are located in the Bowen Basin and Surat Basin, of
Queensland approximately 400 km northwest of Brisbane. The four ATPs are in
close proximity to existing coal seam methane ("CSM") production and pipeline
and other infrastructure necessary for the sale of CSM.  Research by the
Australian Gas Association estimates the Bowen and Surat Basin coal seam gas
resource at between 124,000 and 192,000 producible petajoules (one petajoule
equals approximately 0.97156 Bcf). 
A summary of the ATPs to be acquired is as follows: 
-***- 
-------------------------------------------------------------------------
ATP^     Basin(s)     Location          Area     Before        After 
(acres)   Payout &      Payout & 
Royalty       Royalty 
Conversion    Conversion 
Acquired      Acquired 
Working       Working 
Interest *    Interest*
-------------------------------------------------------------------------
ATP 631  Surat/Bowen  East of Roma      222,300   79.2%         71.3%
-------------------------------------------------------------------------
ATP 735  Bowen        West of Moura     185,250   97.8%         88.1%
-------------------------------------------------------------------------
ATP 803  Surat/Bowen  West of Taroom    314,925   100%          90%
-------------------------------------------------------------------------
ATP 804  Bowen        East of Rolleston 148,200   66.7%         60%
------------------------------------------------------------------------- 
-****- 
*Acquired Working Interest includes State Royalty (approximately 10%) and
includes the Tri-Star Royalty. 
^An ATP allows the holder to undertake a range of exploration activities,
including geophysical surveys, filed mapping and exploratory drilling. Once
petroleum identified as being present, the holder of an ATP may apply for a
Petroleum Lease which allows for additional exploration, appraisal and
development of the lands. 
In addition, Tiger-Cat announces that it has hired Cameron Selin as Chief
Operating Officer, Australia.  Mr. Selin is a resident of Australia. He is a
chartered Professional Engineer and as well holds a Masters of Business
Administration degree. He has worked in the oil and gas industry since 1986 both
in Australia and internationally. His employment history includes over five
years of employment with Santos Ltd. (one of Australia's largest oil and gas
producers). Mr. Selin will be responsible for Tiger-Cat's operations in
Australia. 
In addition, Christopher McArthur has ceased to be a director and officer of
Tiger-Cat and its subsidiaries. Mr. McArthur was formerly the President and
Chief Financial Officer of Tiger-Cat. John Zang CEO will assume the role of
President and Willey Wong, who is currently Vice President of Finance, will
assume the role of Chief Financial Officer on an interim basis. 
John Zang, President and CEO, stated that "management believes that the
acquisition of the Australian properties will provide Tiger-Cat with a real
growth opportunity. While the operations at the Reagan, Alberta property will
continue, the growth potential of that property is limited. Management believes
that in today's oil and gas environment Australia presents Tiger-Cat with an
opportunity to see significant growth. We believe that with the addition of Cam
Selin Tiger-Cat has the necessary knowledge and expertise to further develop its
business in Australia." 
Tiger-Cat Energy Ltd. is listed on the TSX Venture Exchange under the trading
symbol TCE.  Tiger Cat's offices are located at 905, 500 4th Avenue S.W.,
Calgary, Alberta, T2P 2V6. 
The TSX Venture Exchange does not accept responsibility for adequacy or accuracy
of this Press Release. 
For more information contact: 
Tiger-Cat Energy Ltd.
John Zang
President and C.E.O
(403) 698 8318 
This news release does not constitute an offer to sell or the solicitation of an
offer to buy the securities in any jurisdiction, including but not limited to,
the United States. The Tiger-Cat common shares have not been and will not be
registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any state securities laws and may not be offered or sold in
the United States except in certain transactions exempt from the registration
requirements of the U.S. Securities Act and applicable state securities laws.
Except for the historical and present factual information contained herein, the
matters set forth in this news release, including words such as "expects",
"projects", "plans", "anticipates" and similar expressions, are forward-looking
information that represents management of Tiger-Cat's internal projections,
expectations or beliefs concerning, among other things, future operating results
and various components thereof or the economic performance of Tiger-Cat. The
 projections, estimates and beliefs contained in such forward-looking statements
necessarily involve known and unknown risks and uncertainties, which may cause
Tiger-Cat's actual performance and financial results in future periods to differ
materially from any projections of future performance or results expressed or
implied by such forward-looking statements. These risks and uncertainties
include, among other things, those described in Tiger-Cat's filings with the
Canadian securities authorities. Accordingly, holders of Tiger-Cat shares and
potential investors are cautioned that events or circumstances could cause
results to differ materially from those predicted. Tiger-Cat disclaims any
responsibility to update these forward-looking statements. 
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-0- Nov/16/2006 21:05 GMT
 
 
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