Force Energy Corp.
1400 16th Street
16 Market Square
Denver, CO 80202 USA
Force Energy Corp. (FORC) is a lithium and hydrocarbon exploration and development company based in Denver, Colorado. The company is currently focusing the majority of its efforts on exploring and developing the Zoro 1 Lithium property, which is located in the Snow Lake area of west-central Manitoba, Canada. Force Energy also maintains a 50% working interest in the Hayter Well, located in Alberta, Canada.
The Zoro 1 property is 52 hectare (128 acres) in size and located near the East Shore of Wekusko Lake in west-central Manitoba, Canada. There are seven zoned pegmatite dykes on the property, the westerly most of which is some 6m high and 27m wide, stretching for a length of 183m. The deposits are of significant merit but require further exploration and work.
The early-stage economic value indications are compelling at Zoro 1 given drilling reserves coupled with data from trenching placing a calculation total of 1,727,550 undiluted tonnage at 0.945% Li2O (lithium oxide). A Phase 1 program is expected to be pursued at an estimated of cost of $475,000 to confirm the extent of the pegmatite at depth and along strike, providing the basis necessary for further drilling and determining a modern day resource of the target.
At a recent World Lithium Supply and Markets conference in Santiago, Chile, the world's top three lithium producers and research groups TRU Group and Roskill presented an outlook for lithium projecting a three-fold increase in global lithium demand. Driven primarily by hybrid and all electric vehicles, demand for lithium is expected to rise to approximately 250,000 to 300,000 tpa by 2020. As lithium consumption continues to rise as a rapid pace, Force Energy is well positioned to capitalize the growing demand.
SEC Filings: http://finance.yahoo.com/q/sec?s=FORC.OB
Project : Zoro 1 Lithium Property
Force Energy Corp maintains a 100% working interest in the Zoro 1 Lithium Property in the Snow Lake area of west-central Manitoba, Canada.
The Zoro 1 property is a 52 hectare (128 acre) tract of land located near the East Shore of Wekusko Lake in west-central Manitoba, Canada. There are seven zoned pegmatite dykes on the property. The main, most westerly dyke is 4.5 to 6 m high, 27 m wide and 183 m long.
A historic reserve estimate for Li2O has been calculated on limited drilling on a single dyke on the Zoro 1 property. Drilling indicated reserves coupled with data from trenching have been calculated with a total undiluted tonnage given as 1,727,550 at 0.945% Li2O. The deposits are of significant merit but will require further exploration and work. Force Energy plans to explore and develop its Zoro 1 Lithium property.
According to the United States Geological Survey (USGS), global end-use markets for lithium include ceramics and glass, batteries, lubricating greases, air treatment, continuous casting and primary aluminum production. Batteries, especially rechargeable batteries, are the market for lithium compounds with the largest growth potential as major automobile companies pursue the development of lithium batteries to power hybrid electric cars.
» Map of Claim Location
» Map of General Geology
» Map of Surficial Geology
» Map of Magnetic Intensity
» USGS Report on Lithium (PDF)
Force Energy Corp. maintains a 50% working interest in County Line Energy Corp. interest in the Hayter Well (10D Hayter 10-8-40-1 W4M) located in Alberta, Canada. The well was spudded in January 2007 and drilled to a total depth. The well logs revealed a gas zone of 4 to 5 meters of thickness in a shallow zone and a heavy oil pay zone of 2 meters of thickness in the target Dina Sand zone. Although the results in the Dina sand were lower than expected and a decision was made to case the well in 2007, should prices rise in the future, the Hayter could produce an economic well.
County Line Energy completed a $650,000 3D seismic program covering nine sections of land in pursuit of a potential multi well heavy oil drilling opportunity. The geological model was based on interpretation from a previous well, which produced 16,000 barrels of heavy oil. The seismic program was designed to determine whether the structure found in this well existed to a larger extent on the subject property. The 3D seismic revealed an extremely large anomaly with similar characteristics. The nature of this large anomaly suggested that a multi well drilling opportunity might exist. Although this well will likely be completed as a producing well the results of the drilling have negated the ultimate potential of the Hayter property.
Tim DeHerrera, President & CEO
Mr. DeHerrera brings a vast amount of experience to Force Energy (FORC). Mr. DeHerrera has been president, chairman or on the board of directors of several publicly traded and private entities during his career in corporate finance. During the past several years he has been a consultant to numerous companies in oil and gas exploration, technology and credit card financing. Mr. DeHerrera has extensive experience in investment banking, capital formation, capital restructures, private placements, lender negotiations and overall business development.
Channon C. "Craig" Bourgeois, Technical Advisor
Mr. Bourgeois is brings 25 years of executive experience in all phases of oil & gas exploration and development to Force Energy. Mr. Bourgeois holds a B.S. in Petroleum Geology from the University of Louisiana, Lafayette. With successful discoveries as Geophysical Engineer / Geologist for major oil companies such as Sunoco, Inc. and Oryx Energy – Mr. Bourgeois brings a unique blend of technical competence and business acumen to the company. His geographic areas of expertise include the Gulf Coast, Rocky Mountain Region, Mexico, Brazil, Australia, and the North Sea.
Leon Hinton, Land Advisor
Mr. Hinton is currently a partner and vice president of Cornerstone Natural Resources LLC – an oil and gas exploration and production company located near Denver, Colorado. Following his seven years as a Commissioned Officer, Infantry Branch, in the U.S Army, Mr. Hinton commenced his petroleum industry career beginning with Texaco in 1973. During his 35 years in the oil-patch, Mr. Hinton has held managerial and vice presidential positions with Snyder Oil Company, Husky Oil Company, and Sun Exploration and Production Company.
Robert B. Perry
Robert B. Perry has a Masters in Law in Taxation from Georgetown University in DC. After working for the Department of Treasury from 1973 - 1979 he went on to working for Sun Company and Sun Oil Company from 1979 - 1986. For the past 23 years Mr. Perry has been working as a sole practitioner who specializes in Tax and is Board Certified in Tax Law by the Texas Board of Specialization. He has presented cases before the 5th circuit (Texas cases) and 10th circuit (Colorado cases) and U.S. Supreme Court.