FormCap Announces Advisory Board Member and Operator
22 October 2013 - 11:35PM
FormCap Corp. ("FormCap" or "the Company") (OTCQB:FRMC) today
announced that Mr. Norman Mackenzie has joined the Advisory Board
and will oversee operations on behalf of the Company, mainly the
acquisition and drilling targets.
Norman Mackenzie has 40 years of experience in the oil and gas
industry and was one of the founders of C&C Energy Canada Ltd.
(subsequently known as C&C Energia Ltd., which traded on the
TSX under symbol CZE-T). He served as Chairman and Director of
C&C Energy Canada Ltd. from its inception in 2005 to the
closing of the IPO in 2010 and remained a Director of C&C
Energia ltd. until July 2012. More recently he was Chairman
and CEO of Terra Nova Energy, a public exploration and development
company from early 2012 until January 2013. He was President
and CEO of Raptor Capital Corporation, a public exploration and
development company, from 1997 to 2005. In 1990 he was a
founder of Scimitar Hydrocarbons Ltd., a public exploration and
development company, where he served as Chairman from 1990 to 1995
and as a Director until the company merged with Rally Energy Ltd.
in 2002. Norman Mackenzie received a B.A. in Economics and Law
from The University of Cape Town in South Africa in 1969.
Graham Douglas, CEO of FormCap stated: "FormCap welcomes
Mr. Mackenzie and is excited to have an advisor with experience and
the unique skills he has demonstrated over the past years in the
oil and gas industry particularly in the area of initial
exploration and development start-ups."
FormCap is developing Prospects in Cowley County, Kansas where
significant quantities of oil and gas have been discovered and
produced in recent years. The prospects for oil production are
excellent with multi-zone potential for both vertical and
horizontal development. In addition to the Mississippian,
zones producing in this area include the Layton, Lansing-Kansas
City, Bartlesville, Stalnaker and the Arbuckle. Reservoir
properties are excellent with good porosity and permeability in
thicker accumulations of hydrocarbons. Total depths of
approximately 4,000 feet provide drilling time of approximately
seven (7) days with completed wells costing about $500,000 per
vertical well.
FormCap is actively engaged in identifying, financing and
development oil and gas energy resource properties in North
America, including the development of the Cowley County, Kansas,
Mississippi Prospect in Kansas. FormCap continues to review
additional resource properties that combine positive elements of
short-term exploration and development costs with high potential
for long-term success and financial return.
Additional information regarding Mr. Norman Mackenzie can be
found at the Company website: www.formcapcorp.com
On behalf of the Board of Directors, FormCap Corp.
(OTCQB:FRMC)
Signed: 'Graham Douglas'
Graham Douglas, CEO |
FormCap Corp. |
50 West Liberty Street, Suite 880 |
Reno, NV 89501 |
T: +1(775) 285-5775 |
F: +1(775) 285-5776 |
info@formcapcorp.com |
Forward-Looking Information
This press release contains certain "forward-looking
information". All statements, other than statements of
historical fact, that address activities, events or development
that the Company believes, expects or anticipates will or may occur
in the future constitute forward-looking information. This
forward-looking information reflects the current expectations or
beliefs of the company based on information currently available to
the Company. Forward-looking information is subject to a
number of significant risks and uncertainties and other factors
that may cause the actual results of the Company to differ
materially from those discussed in the forward-looking information,
and even if such actual results are realized or substantially
realized, there can be no assurance that they will have the
expected consequences to, or effects on the Company. Factors
that could cause actual results or events to differ materially from
current expectations include, but are not limited to, the
possibility of unanticipated costs and expenses. Any
forward-looking information speaks only as of the date on which it
is made and, except as may be required by applicable securities
laws, the company disclaims any intent or obligation to update any
forward-looking information whether as a result of new information,
future events or results or otherwise. Although the Company
believes that the assumptions inherent in the forward-looking
information are reasonable, forward-looking information is not a
guarantee of future performance and accordingly undue reliance
should not be put on such information due to the inherent
uncertainty therein.
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