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FormCap Establishing Operatorship in New Mexico

Posted by admin on December 16, 2009 · Leave a Comment 

FormCapCorp logoReno, Nevada US, December 16, 2009 /FSC/ – FORMCAP Corp. (FRMC – OTCBB_Pink_Sheets), announced today that it has 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.

Filed under Hot Oil Stocks, Hot Resource Stocks · Tagged with FormCap Corp., oil, oil and gas

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