PanTerra Resources Corp. (PANNF)

[J.C.N.]

http://biz.yahoo.com/ccn/071219/200712190433031001.html?.v=1


CALGARY, ALBERTA--(Marketwire - Dec. 19, 2007) - Darrell Brown, President and CEO of Mooncor Oil & Gas Corp. (the "Corporation") (TSX VENTURE:MOO - News), is pleased to report that the Corporation has signed an agreement with PanTerra Resource Corporation, acquiring PanTerra's 50% interest in the previously jointly-owned White Hill Lakes heavy oil and shale gas property. This acquisition allows Mooncor to focus on the heavy oil potential of the White Hill Lakes property and gives Mooncor operatorship and a 100% ownership interest at White Hill Lakes........