Formcap Corp. announced that it's technical team was initiating a comprehensive and systematic strategy to explore for oil and gas at the Company's Weber City Prospect. A six member multi-disciplined technical team, which was assembled by Norman Mackenzie, FormCap's Calgary based operational partner, will utilize the most advanced technology available to delineate drill targets, as well as determine the size and scope of the initial seismic and geophysical program. The members of the technical team have a combine 150+ years of oil and gas exploration and development experience. The team is comprised of in-house professionals and technical consultants with the necessary expertise and experience to complete any action for the prudent and timely exploration and development of the Weber City Prospect. The company plans to drill initial wells to test four potentially productive hydrocarbon zones; the San Andres, Clearfork, Wolfcamp and Cisco formations. Formcap has sufficient land cover to fully develop discoveries on 40 acre spacing.

Formcap Corp announced that it has increased its acreage position in the Permian Basin by approximately 1,000 gross acres to 5,800 acres of oil & gas leases, all with primary terms of five years. The company stated that these new leases are part of an on-going acquisition plan currently under way in New Mexico. The company is looking at other acquisition opportunities. Graham Douglas, FormCap's President and CEO said: "As part of our long-term strategy, FormCap is continuing to secure additional acreage in the Weber City Prospect area. We are also actively pursuing and evaluating other potential acquisitions for the company."

On 11/17/2009, Formcap Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

FORMCAP Establishing Bonded Operator Status in New Mexico

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORPFRMC.PKNewsMexicoMexico. FormCap holds 100% Working Interest in approximately 5,800 grossacres of oil & gas leases in the Permian Basin, all with primary termsof five (5) years. The Company’s operational partner led by Calgarybased Norman Mackenzie, confirms that the technical team is completingits deliberations and an initial well will be proposed shortly.The Weber City Prospect is strategically positioned in the PermianBasin, a prolific area that...
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FORMCAP Announces $1 Million Financing

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORPFRMC.PKNews) is pleased to announce aPrivate Placement of up to 3.5 million units at $0.30 per unit for grossproceeds of $1,050,000. Each Unit will consist of one common share andone share purchase warrant. Each share purchase warrant will entitle theholder to purchase one additional common share at $0.35 per share. Sharepurchase warrants will expire two years after the date of issuance.Shares and warrants will be subject to restrictions under Rule 144.Ab...
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SmallCapSentinel.com Pursuing the Prolific

Quote: In an aftermarket release Friday, FormCap announced that its technical team is initiating a comprehensive and systematic strategy to explore for oil and gas at the Company's promising Weber City Prospect.The Weber City Prospect is 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 U.S. To date, FormCap has increased its land p...
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FORMCAP Establishing Bonded Operator Status in New Mexico

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORPFRMC.PKNews) is establishing itself as aBonded Operator in the State of New Mexico in anticipation of its firstproposed well on the Weber City Prospect located in Curry County, NewMexico. FormCap holds 100% Working Interest in approximately 5,800 grossacres of oil & gas leases in the Permian Basin, all with primary termsof five (5) years. The Company’s operational partner led by Calgarybased Norman Mackenzie, confirms that the technical team is com...
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SmallCapSentinel.com Pursuing the Prolific

Quote: In an aftermarket release Friday, FormCap announced that its technical team is initiating a comprehensive and systematic strategy to explore for oil and gas at the Company's promising Weber City Prospect.The Weber City Prospect is 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 U.S. To date, FormCap has increased its land p...
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FORMCAP'S Technical Team Initiates Exploration Program

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORP’sFRMCNews) technical team is initiating acomprehensive and systematic strategy to explore for oil and gas at theCompany’s Weber City Prospect. A six member multi-disciplined technicalteam, which was assembled by Norman Mackenzie, FormCap’s Calgary basedoperational partner, will utilize the most advanced technology availableto delineate drill targets, as well as determine the size and scope ofthe initial seismic and geophysical progra...
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FORMCAP Announces $1 Million Financing

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORPFRMC.PKNews) is pleased to announce aPrivate Placement of up to 3.5 million units at $0.30 per unit for grossproceeds of $1,050,000. Each Unit will consist of one common share andone share purchase warrant. Each share purchase warrant will entitle theholder to purchase one additional common share at $0.35 per share. Sharepurchase warrants will expire two years after the date of issuance.Shares and warrants will be subject to restrictions under Rule 144.Ab...
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FORMCAP'S Technical Team Initiates Exploration Program

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORP’sFRMCNews) technical team is initiating acomprehensive and systematic strategy to explore for oil and gas at theCompany’s Weber City Prospect. A six member multi-disciplined technicalteam, which was assembled by Norman Mackenzie, FormCap’s Calgary basedoperational partner, will utilize the most advanced technology availableto delineate drill targets, as well as determine the size and scope ofthe initial seismic and geophysical progra...
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FormCap Corporation - Corporate Update

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORP (FRMC.PK) is pleased provide the following CorporateUpdate.FormCap has completed the acquisition of the Weber City Prospect locatedin Curry County, New Mexico consisting of 4,800 acres, all with 5 yearprimary term leases. These leases have now been assigned and dulyrecorded; FormCap now holds 100% Working Interest (80% Net RevenueInterest) in the acreage. The Company has commenced activities inpreparation for drilling its initial 7,000 foot well to test ...
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Formcap Hires Senior Geologist Thomas Markham

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORP (FRMC.PK) is pleased to announce that it has engagedMr. Thomas Markham as a consulting Senior Geologist to FormCap.Mr. Markham is a professional geologist specializing in the evaluationand development of oil and gas plays in the onshore United States. Tomreceived his Masters of Geology from LSU in 1976 and then pursued acareer working with ARCO, BEPCO, HOUSTON OIL and MINERALS, and TENNECO,in technical positions of increasing responsibility. During this ...
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FormCap Enters into Operations and Farm-in Agreement

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORP (FRMC.PK) is pleased to announce that it has enteredinto a Consulting and Option Agreement with Mr. Norman Mackenzie ofCalgary, Alberta, Canada, to develop and execute the drilling anddevelopment plan for the Weber City Prospect. The Weber City Prospectconsists of approximately 4,800 acres with room for 100+ well locations,strategically positioned in the Permian Basin, a prolific area that hasproduced over 35 billion barrels of oil and 100 trillion cubic...
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FormCap Corporation - Corporate Update

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORP (FRMC.PK) is an emerging junior in the oil and gassector. We have recently acquired strategically positioned acreagelocated in the Permian Basin, a prolific area that has produced over 35billion barrels of oil and 100 trillion cubic feet of gas, and is hostto over 20 percent of all domestic oil and gas produced in the US.th, 2009, reported that theExxon acquisition may have signaled a wave of new acquisitionsreferencing Occidental Petroleum’s purc...
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FORMCAP Establishing Operatorship in New Mexico

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORP (FRMC.PK) announced today that it has begun theprocess of establishing itself as an Operator in the State of New Mexico.In anticipation of drilling and developing the 4,900 acre Weber CityProspect, FormCap is becoming an Operator in the State of New Mexico.This will provide the Company with complete control over operations onwells developed on its prospects. The Company plans to drill early inthe New Year and establishing FormCap as an Operator will elim...
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FORMCAP Increases Land Position in New Mexico

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORPFRMC.PKNews) is pleased to announce that ithas increased its acreage position in the Permian Basin by approximately1,000 gross acres to 5,800 acres of oil & gas leases, all with primaryterms of five (5) years. These 5,800 gross acre leases comprise theWeber City Prospect located in Curry County, New Mexico, which lies onthe eastern most side of New Mexico bordering the State of Texas. Thesenew leases are part of an on-going acquisition plan currently unde...
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FORMCAP CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement

Quote: FORMCAP CORP.Request a Trial to NEW EDGAR Online Pro Form 8-K for FORMCAP CORP. 11-Feb-2010Entry into a Material Definitive Agreement Privacy PolicyTerms of ServiceSEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in r...
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FORMCAP Increases Land Position in New Mexico

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORPFRMC.PKNews) is pleased to announce that ithas increased its acreage position in the Permian Basin by approximately1,000 gross acres to 5,800 acres of oil & gas leases, all with primaryterms of five (5) years. These 5,800 gross acre leases comprise theWeber City Prospect located in Curry County, New Mexico, which lies onthe eastern most side of New Mexico bordering the State of Texas. Thesenew leases are part of an on-going acquisition plan currently unde...
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FormCap Enters into Operations and Farm-in Agreement

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORP (FRMC.PK) is pleased to announce that it has enteredinto a Consulting and Option Agreement with Mr. Norman Mackenzie ofCalgary, Alberta, Canada, to develop and execute the drilling anddevelopment plan for the Weber City Prospect. The Weber City Prospectconsists of approximately 4,800 acres with room for 100+ well locations,strategically positioned in the Permian Basin, a prolific area that hasproduced over 35 billion barrels of oil and 100 trillion cubic...
Read article

FormCap Corporation - Corporate Update

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORP (FRMC.PK) is an emerging junior in the oil and gassector. We have recently acquired strategically positioned acreagelocated in the Permian Basin, a prolific area that has produced over 35billion barrels of oil and 100 trillion cubic feet of gas, and is hostto over 20 percent of all domestic oil and gas produced in the US.th, 2009, reported that theExxon acquisition may have signaled a wave of new acquisitionsreferencing Occidental Petroleum’s purc...
Read article

FORMCAP Establishing Operatorship in New Mexico

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORP (FRMC.PK) announced today that it has begun theprocess of establishing itself as an Operator in the State of New Mexico.In anticipation of drilling and developing the 4,900 acre Weber CityProspect, FormCap is becoming an Operator in the State of New Mexico.This will provide the Company with complete control over operations onwells developed on its prospects. The Company plans to drill early inthe New Year and establishing FormCap as an Operator will elim...
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Formcap Hires Senior Geologist Thomas Markham

Quote: RENO, Nev.--(BUSINESS WIRE)--FORMCAP CORP (FRMC.PK) is pleased to announce that it has engagedMr. Thomas Markham as a consulting Senior Geologist to FormCap.Mr. Markham is a professional geologist specializing in the evaluationand development of oil and gas plays in the onshore United States. Tomreceived his Masters of Geology from LSU in 1976 and then pursued acareer working with ARCO, BEPCO, HOUSTON OIL and MINERALS, and TENNECO,in technical positions of increasing responsibility. During this ...
Read article