FormCap Corp (FRMC)

[iamnottheone]

FRMC news is out today: looks decent.

Formcap Completes Farmout Agreement Cowley County, Kansas Prospect


Reno, Nevada (FSCwire) - Formcap Corp. (“Formcap” or “the Company”) (OTCQB: FRMC) announced today that it has completed a Farm-out Agreement (“Farm-out Agreement”) with Rainchief Energy Inc, (“Rainchief”) Vancouver, British Columbia.



The oil & gas prospect is 100% controlled by Formcap up to 2400 acres of prospective oil and gas leases (“The Formcap Lands”) located in Cowley County, Kansas. The Lil-Bobby #1-28, a proposed 3,300’ Mississippian well will be drilled in the NE/4 of the SE/4 of Section 28-T30S-R6E.



During the past 90 days; 28 Notices of Intent to Drill in Cowley County have been permitted according to the Kansas Corporate Commission. Notable companies drilling or intending to drill include: Taos Resources, Val Energy, Endeavor Energy Resources, Toto Energy and Jones & Buck Development among others. Targeting the Mississippian Formation with high impact well fracturing has yielded positive results in the area.

http://www.stockwatch.com/News/Item.aspx?bid=U-fsx00004567-U%3aFRMC-20141104&symbol=FRMC®ion=U