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[Lawuki2005]

FormCap Corporation – Corporate Update


FORMCAP CORP (FRMC.PK) is an emerging junior in the oil and gas sector. We have recently acquired strategically positioned acreage located in the Permian Basin, a prolific area that has produced over 35 billion barrels of oil and 100 trillion cubic feet of gas, and is host to over 20 percent of all domestic oil and gas produced in the US

Recently, Exxon Mobil bought XTO Energy for $31 billion. This acquisition was the largest U.S. energy takeover since Houston-based Conoco-Phillips acquired Burlington Resources. Exxon’s acquisition of XTO Energy in December 2009 was largely in part for XTO’s significant Permian Basin assets. Recent M&A activity in the Permian Basin highlights the growing importance of this historically prolific, domestic source of energy. Shortly after Exxon’s takeover of XTO, a Bloomberg article on December 14th, 2009, reported that the Exxon acquisition may have signaled a wave of new acquisitions referencing Occidental Petroleum’s purchase of Plains Exploration & Production’s interest in the Permian Basin of West Texas and New Mexico, as well as their Piceance Basin assets of Colorado for $1.25 billion. Likewise, SandRidge Energy recently acquired Forest Oil’s Permian Basin assets for $800 million. The Permian Basin’s development history and stable, long-life production is one of the main reasons FormCap has secured the Weber City Prospect acreage

FormCap holds 100% Working Interest (80% Net Revenue Interest) in the 4,900 acre Weber City Prospect located in Curry County, New Mexico. These leases have been assigned and are duly recorded with initial 5 year terms. The Company has completed its registration to conduct business in the State of New Mexico and is in the process of establishing itself as Operator. The Company plans to drill an initial 7,000 foot well to test four potentially productive hydrocarbon zones; the San Andres, Clearfork, Wolfcamp and Cisco formations. Approximately 100 wells (based on 40 acre spacing) could be drilled on the Prospect. It is estimated that these leases could contain over 220 million barrels of oil in a successful case. Finally, the Company is making its 15c-211 filing for listing on the Over-the-Counter Bulletin Board (OTCBB)

About FormCap Corp.: FORMCAP is a reporting issuer with the shares traded on the “Pink Sheets”. FORMCAP’s mandate is to seek out highly prospective oil and gas properties for acquisition, exploration and development. For more information see our website at www.formcapcorp.com or call [phone] [phone]

Safe-Harbor Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act''), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,'' “would,'' “will,'' “expect,'' “estimate,'' “anticipate,'' “believe,'' “intend,'' and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors

[Lawuki2005]

Antwort auf Beitrag Nr.: 38.893.616 von Lawuki2005 am 05.02.10 20:32:53

FormCap Enters into Operations and Farm-in Agreement


FORMCAP CORP (FRMC.PK) is pleased to announce that it has entered into a Consulting and Option Agreement with Mr. Norman Mackenzie of Calgary, Alberta, Canada, to develop and execute the drilling and development plan for the Weber City Prospect. The Weber City Prospect consists of approximately 4,800 acres with room for 100+ well locations, strategically positioned in the Permian Basin, a prolific area that has produced over 35 billion barrels of oil and 100 trillion cubic feet of gas, and is host to over 20 percent of all domestic oil and gas produced in the US

Mr. Mackenzie has over thirty years experience in the domestic and international energy industry with companies that have developed significant energy projects in the North Sea (UK and Norway), China, Abu Dhabi, Dubai, Egypt, Bangladesh and Libya. In addition, he is Chairman and Founder of C & C Energy Canada Ltd., which is engaged in oil and gas exploration in Colombia, South America; these assets are currently capable of producing over 5,000 BOPD. Companies that Mr. Mackenzie has been associated with have been at the leading edge of technology in all sectors of the oil & gas business. In 1992, Scimitar Hydrocarbons, a public company founded by Mr. Mackenzie, was merged with Rally Energy Corp., which was subsequently sold for over $900 million in 2003. Mr. Mackenzie and his team will develop a strategic development plan that will include the scope of seismic surveys, the delineation of multiple drill targets and access to capital to assist in the ultimate exploitation of FormCap’s leases

“Mr. Mackenzie and his team bring an extremely high level of expertise to FormCap’s exploration and development plan for Weber City Prospect. The fact that he negotiated for rights to financially participate in the development of this Prospect further supports our contention that it is a high quality opportunity” stated Graham Douglas, FormCap’s President About FormCap Corp.: FORMCAP is a reporting issuer with the shares traded on the “Pink Sheets”. FormCap holds 100% Working Interest (80% Net Revenue Interest) in the 4,900 acre Weber City Prospect located in Curry County, New Mexico. Formcap’s mandate is to seek out highly prospective oil and gas properties for acquisition, exploration and development. For more information see our website at www.formcapcorp.com or call [phone] [phone]

[Lawuki2005]

Antwort auf Beitrag Nr.: 38.893.616 von Lawuki2005 am 05.02.10 20:32:53

FormCap Hires Senior Geologist Thomas Markham

RENO, Nev., Dec 08, 2009 (BUSINESS WIRE) -- FORMCAP CORP (FRMC.PK) is pleased to announce that it has engaged Mr. Thomas Markham as a consulting Senior Geologist to FormCap.

Mr. Markham is a professional geologist specializing in the evaluation and development of oil and gas plays in the onshore United States. Tom received his Masters of Geology from LSU in 1976 and then pursued a career working with ARCO, BEPCO, HOUSTON OIL and MINERALS, and TENNECO, in technical positions of increasing responsibility. During this period, Mr. Markham as an individual geologist and as part of exploration and development teams discovered and developed more than 75 million net equivalent barrels of oil. With increasing budget and managerial responsibilities, Tom managed geoscience teams of up to fifteen graduate professionals with budgets of from $11 to $23 million. Along with managerial skills, his geoscience specialties include well survey ("logs") analysis and interpretation, evaluation of depositional and diagenetic systems, seismic -- stratigraphic application to the exploration and exploitation of hydrocarbon reservoirs, and definitive risk/reward economic evaluation of oil and gas projects. He has evaluated and participated in oil and gas programs throughout the continental United States and Alaska (Prudhoe Bay) and was currently involved with analysis of offshore South America Basins as a third party consultant. Onshore United States, Mr. Markham's recent activities have included analysis of over pressured shale gas reservoir systems in the Mississippi Interior Salt Basin; evaluation of a major shear system in New Mexico (Weber City Prospect), and mapping the updip pinchout of Permian age carbonate reservoirs with possible reserve exposure of over 100 million barrels of oil. Tom has published in the American Gas Journal and was invited on a technical tour of the former Soviet Union to review oil and gas assets. He has been a guest speaker at the American Association of Petroleum Landman's (AAPL) "Buying Oil and Gas Properties" seminar. Finally, Tom is the project generator of FormCap's 4,800 acre Weber City Prospect located in Curry County, New Mexico.

"As FormCap prepares to drill the Weber City Prospect, it will need to expand its management team. The addition of Mr. Markham to our team is a critical first step. Tom's experience and understanding of the Weber City Prospect is crucial to optimize our probability of success" stated Graham Douglas, FormCap's President & CEO.

About FormCap Corp.
FORMCAP is a reporting issuer with the shares traded on the "Pink Sheets". FORMCAP's mandate is to seek out highly prospective oil and gas properties for acquisition, exploration and development. For more information see our website at www.formcapcorp.com or call [phone]

[Lawuki2005]

Umsätze ziehen wieder an.

Da kommt was.

[Lawuki2005]

FormCap wird heute explodieren.

Freitag nach Börsenschluß kam noch eine gute News und heute am Montag wird FormCap von etlichen amerikanischen Börsenbriefen empfohlen.