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doing very well thanks... whats gonna pop this morning...
looking for some green movement here today
good morning FRMC board
top of the mng rev... how we doing this am
Good Morning and Happy HumpDay TOC Squad!!!
Lets all have a green day guys and gals!!!
looking for FRMC to move up
Good Morning FRMC board
mornin rev... hold the fort down fo me?
Good Morning TOC Crew!!! Looking for a green day...
In and Out of the office all week the next 2 weeks...
Stay tuned for some monster picks when i get back
FRMC .35 x .43 7K vol
L2 .35 x .43 7K vol
Good Morning FRMC board!!!
Good Morning and Happy Monday TOC Crew Be on in a few... looking forward to a nice and profitable Feb!!!
1. 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.
2. 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.
3. 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.
4. 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.
dig anythig else good up
next week should get really fun imo
very nice
closed at .44 on 35.4K vol nice
29.4K vol
.44 nHOD
CGMCQ on fire today
FormCap Corporation (OTCBB-Pink Sheets: FRMC) is an emerging Exploration and Development company in the Oil & Gas sector. Its primary focus is the discovery and development of oil in the Continental United States. To date, the Company has assembled 4,800 acres of oil and gas mineral leases, the Weber City Prospect, located in Curry County, New Mexico. There is potential to drill up to 100 wells estimated to produce over 300 million barrels of oil in a successful case. The Weber City Prospect has been defined by detailed geological information; well log data, seismic, Landsat and independent third party geological interpretation.
FRMC Share Structure from PinkSheets:
Estimated Market Cap
$16,643,471 as of Jan 26, 2010
Outstanding Shares
43,798,607 as of Aug 21, 2009
Number of Shareholders of Record
262 as of Apr 15, 2003
FRMC Share Structure from PinkSheets:
Estimated Market Cap
$16,643,471 as of Jan 26, 2010
Outstanding Shares
43,798,607 as of Aug 21, 2009
Number of Shareholders of Record
262 as of Apr 15, 2003
FRMC in mid Dec also begun the process of establishing itself as an Operator in the State of New Mexico.
In anticipation of drilling and developing the 4,900 acre Weber City Prospect, FormCap is becoming an Operator in the State of New Mexico. This will provide the Company with complete control over operations on wells developed on its prospects. The Company plans to drill early in the New Year and establishing FormCap as an Operator will eliminate the need for Third Party contracting of these services.
“Having complete operational control over production on our prospects will eliminate the need for Third Party contracted services, improving the over-all economics of prospects developed in New Mexico,” stated Graham Douglas, FormCap’s President & CEO.
FRMC back in the beginning of Dec 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.
FRMC Interactive Chart:
http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=FRMC&time=&freq=
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 FRMC website at www.formcapcorp.com or call (888) 777-8777.
FRMC 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).
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 FRMC has secured the Weber City Prospect acreage.
FormCap Corporation - Corporate Update
Symbol Price Change
FRMC.PK 0.38 0.00
Press Release Source: FORMCAP CORP On Tuesday January 5, 2010, 9:15 am EST
RENO, Nev.--(BUSINESS WIRE)--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 (888) 777-8777 (888) 777-8777.
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.
Contact:
FORMCAP Corp.Graham Douglas, 1-206-619-8900 1-206-619-8900gdouglas@formcapcorp.com
FRMC .38 x .44 1x2 29K vol
L2 .38 x .44 1x2 29K vol
another 2.5K vol thru at .43
Thank you for your recent symbol request.
Based on your suggestion, we have added [TTCS] to our charting database:
http://stockcharts.com/h-sc/ui?s=ttcs
things a beast
im sure looking forward to that
FRMC .38 x .43 2.5K vol
CGMCQ .015 - .29!!!!
L2 .38 x .43 2.5K vol