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g_money
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FRMC.PK to Help Meet the Nation’s Need for Oil

FormCap Corp. is an emerging exploration and development company in the oil and gas sector. The company’s primary focus is the discovery and development of oil in the continental United States, particularly in the Permian Basin. The Permian Basin is a prolific area that has produced over 35 billion barrels of oil and 100 trillion cubic feet of natural gas. The basin is host to over 20 percent of all domestic oil and gas produced in the United States.

Any oil discovered by FormCap will definitely be needed as the United States competes for scarce energy resources with emerging economies such as China, whose oil imports climb to new highs seemingly every month. Global energy consumption is expected to rise 50% by 2030 to 112.5 million barrels of oil per day. The sharp rise in demand for oil may happen even sooner than 2030 if a strong global economic rebound takes hold.

Adding to the growing demand for oil are concerns about the future supplies of oil. These include geopolitical worries in countries such as Iran, Iraq, Nigeria and Venezuela. But perhaps more importantly are concerns about the diminishing supplies of oil coming from the world’s existing major oil fields, such as Mexico’s Catarell field. The first-of-its-kind study last year by the International Energy Agency (IEA) of the world’s largest 800 oil fields showed that most of the big fields have peaked and production is declining at about a 6.7% rate.

It is with this backdrop that firms such as Goldman Sachs are forecasting that oil prices will average $90 a barrel this year and $110 a barrel next year. And don’t expect help from OPEC – they have said that they do not plan to increase output until a huge amount of oversupply has been absorbed. OPEC itself is expecting $80-$90 a barrel for oil prices in 2010. Natural gas prices have also climbed recently as bitter cold weather has helped to work-off a record-high level of gas inventories.

All of this plays right into FormCap’s hand with its holdings in the Permian Basin. The company’s first project – the Weber City Prospect located in Curry County, New Mexico – gives them about 4,800 acres of oil and gas leases in this prime property in eastern New Mexico. The region is so prolific that some 1,300 reservoirs have been identified as having production ceilings of 1 million barrels or more. And it is still a vastly undeveloped region – even in the more developed Texas-portion of the Permian Basin. Only 28 percent of the potential reserves have been developed to date. FormCap believes that in a successful case, there is potential to drill up to 100 wells on the property which may produce up to 300 million barrels of oil.

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g_money
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Emerging Oil Company

Oil is becoming not only harder to find but also much more costly to extract. That is why domestic, onshore oil fields like the Permian Basin – where cumulative production is over 35 billion barrels of oil and 100 trillion cubic feet of gas – are so vitally important and attractive to US producers. FormCap is a company well positioned to achieve exploration success with its sizable position in the Permian Basin.

To date, the company has acquired 4,800 acres of oil and gas 5-year term mineral leases – the Weber City Prospect – in a Permian Basin region of eastern New Mexico. FormCap offers more bang for the buck for investors, because in contrast to the company’s larger competitors who have much higher overhead costs, a greater percentage of the capital that FormCap deploys for exploration actually goes into the ground.

With 40 acre spacing, FormCap believes it can potentially drill up to 100 wells on the prospect. The company’s primary objective is to extract oil from the Cisco Formation, which is believed to be a ‘giant oil trap’ formed millions of years ago. Based on Gulf Oil’s success drilling a shallow well in the Cisco Formation in 1947 and a modeling of a look-alike existing producing field (the Anton Irish field), FormCap is confident that well recoveries within its acreage could range from 100,000 to over 500,000 barrels of oil per well. Project wells are anticipate to flow at initial rates averaging 300 barrels per day.

If FormCap experiences this type of drilling success, it means that the company’s Weber City Prospect could potentially contain over 220 million barrels of oil. This would mean tremendous upside in a stock selling at its current price. Adding to the company’s favorable exploration opportunity is a management team with a proven track record for successfully exploring and developing lucrative oil and gas projects.

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surfkast
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FRMC looks severely undervalued and has huge potential!!!

FormCap Corporation – Corporate Update




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

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surfkast
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FRMC to uplisting to OTCBB soon....interesting

"Finally, the Company is making its 15c-211 filing for listing on the Over-the-Counter Bulletin Board (OTCBB)"
http://finance.yahoo.com/news/FormCap-Corporation-Corporate-bw-1316715709.html?x =0&.v=1

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surfkast
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Waiting for this baby to catch on!!
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From what I see in the dates from past P/R's, we should be seeing something any day now.

Date Time Source Headline Symbol Company
01/05/2010 9:15AM BW FormCap Corporation – Corporate Update USOTC:FRMC FORMCAP CORP
12/16/2009 9:15AM BW FORMCAP Establishing Operatorship in New Mexico USOTC:FRMC FORMCAP CORP
12/08/2009 9:00AM BW Formcap Hires Senior Geologist Thomas Markham USOTC:FRMC FORMCAP CORP
11/30/2009 5:10PM BW FormCap Corporation – Corporate Update USOTC:FRMC FORMCAP CORP
11/23/2009 4:26PM Form (10-Q) - Quarterly Report USOTC:FRMC FORMCAP CP CMN (OTC)
11/18/2009 2:27PM Form (3) - Initial Statement of Beneficial Ownership USOTC:FRMC FORMCAP CP CMN (OTC)
11/17/2009 6:02AM EDGAR - Notification that Quarterly Report will be submitted late (NT 10-Q) USOTC:FRMC FORMCAP CP CMN (OTC)
11/03/2009 6:02AM EDGAR - Amended Annual Report (10-K/A) USOTC:FRMC FORMCAP CP CMN (OTC)
10/30/2009 4:47PM Form (8-K) - Current report filing USOTC:FRMC FORMCAP CP CMN (OTC)
10/20/2009 9:00AM BW FORMCAP Acquires 4,800 Acres in New Mexico USOTC:FRMC FORMCAP CORP.
09/25/2009 7:24PM BW FORMCAP Receives Termination Letter from Morgan Creek USOTC:FRMC FORMCAP CORP
09/04/2009 6:01AM EDGAR - Amended Current report filing (8-K/A) USOTC:FRMC FORMCAP CP CMN (OTC)
08/24/2009 9:15AM BW Due Diligence Completed on the Frio Draw Prospect USOTC:FRMC FORMCAP CORP
08/21/2009 3:26PM Form (8-K) - Current report filing USOTC:FRMC FORMCAP CP CMN (OTC)
08/21/2009 6:01AM Form (10-Q) - Quarterly Report USOTC:FRMC FORMCAP CP CMN (OTC)
08/14/2009 3:23PM EDGAR - Notification that Quarterly Report will be submitted late (NT 10-Q) USOTC:FRMC FORMCAP CP CMN (OTC)
08/05/2009 4:59PM Form (8-K) - Current report filing USOTC:FRMC FORMCAP CP CMN (OTC)
07/09/2009 12:39PM MWUS FORMCAP Negotiates Option Agreement on New Mexico Prospect USOTC:FRMC FormCap Corp.
06/17/2009 9:15AM BW FORMCAP Announces Cancellation of Joint Venture Development Agreement with MLXjet, Inc. and MLXjet Media Corp USOTC:FRMC FORMCAP CORP
05/22/2009 12:04PM Form (10-Q) - Quarterly Report USOTC:FRMC FORMCAP CP CMN (OTC)
05/06/2009 5:33PM BW FORMCAP Appoints Graham Douglas President & CEO USOTC:FRMC FORMCAP CORP
03/19/2009 7:00AM BW FORMCAP Enters into Joint Venture Development Agreement with MLXjet, Inc and MLXjet Media Corp USOTC:FRMC FORMCAP CORP

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surfkast
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Management Team, Advisors & Consultants
FormCap’s current management team is led by Graham Douglas. Consultants and Advisors have been engaged on a contract basis as required to minimize expenditures during this start-up phase. Many of these individuals will join the team in a more formal manner as Director’s and Officer’s of FormCap, once funding is secured.

Graham Douglas, President
Graham Douglas is an experienced business executive with 35 years of financial and operational management. After graduating in 1970 with a Bachelor of Commerce Honors degree, Mr. Douglas was employed by two large Canadian banks in the area of corporate finance. From 1978 through 1985, Mr. Douglas was involved in the commercial/industrial real estate development and construction industry in a financial capacity, progressing to be the President of the Company. In the period 1986 through 1992, Mr. Douglas was the Chief Operating Officer of a large west coast Canadian transportation, warehousing, freight forwarding and sea terminal operator. In this capacity, he oversaw the restructuring of the company’s operations and the eventual sale of the various operating entities. Beginning in 1992, Mr. Douglas has been active as a business consultant in the area of corporate restructurings, mergers and acquisitions, corporate finance and public offerings. Mr. Douglas has been an early stage investor and assisted in raising later stage funding for several companies in a variety of industries. Industries include the following: beverage, food processing, clothing, tourism, real estate, construction, telecommunications, hightec, mining and exploration, heavy equipment auction, oil and gas exploration and biofuels. In several instances, Mr. Douglas has taken temporary positions in management and governance through transitional periods or in difficult circumstances. Mr. Douglas is a resident of Mexico and works throughout North America and the international markets.

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surfkast
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FORMCAP Establishing Operatorship in New Mexico




FORMCAP CORP (FRMC.PK) 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

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surfkast
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Stock retirement
On March 3, 2009, 120,000,000 shares issued on October 16, 2007 on promissory notes were retired to treasury.

On May 11, 2009, 200,000 restricted shares issued on March 3, 2009, with Black Hawk Financial, Inc. were retired to treasury.

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surfkast
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This one has to be super thin! Broke up a 5000 share buy!!!!

http://ih.advfn.com/p.php?pid=trades&cb=1264709587&symbol=FRMC

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surfkast
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FRMC on the top of my list!
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surfkast
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They claim that the Weber City Prospect could contain as much as 200+ million barrels of oil.

200 million barrels is BILLIONS OF DOLLARS

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surfkast
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I hope some peeps pick upon this one.
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g_money
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Weber City Prospect could contain as much as 200+ million barrels of oil.

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g_money
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200 million barrels x $75 per barrel = $15bil -i FRMC way undervalued at the current pps!!!

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g_money
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Weber City Prospect could contain as much as 200+ million barrels of oil.

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surfkast
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Good morning! Lets see if this baby wakes up today. Looks thin to $1.00 to start.
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surfkast
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FormCap holds 100% Working Interest (80% Net Revenue Interest) in the 4,900 acre Weber City Prospect located in Curry County, New Mexico.

New Mexico Quick Facts
New Mexico is a leading U.S. producer of crude oil and natural gas.
New Mexico natural gas production accounts for close to one-tenth of the U.S. total.
The San Juan Basin located in New Mexico and Colorado contains the Nation’s largest field of proved natural gas reserves.
New Mexico rivals Colorado and Wyoming as the Nation’s top coalbed methane producer, and approximately one-third of all natural gas produced in New Mexico is coalbed methane.
The Blanco Hub, located in the San Juan Basin, is a major transportation point for Rocky Mountain natural gas supplies heading to West Coast markets.
******New Mexico’s Permian Basin holds three of the 100 largest oil fields in the United States. *********

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surfkast
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In New Mexico, oil and gas pool names have both a geographic and a stratigraphic component (e.g. Bisti Gallup). The first part of the pool name is the field name and is usually derived from the geographic location of the the pool (e.g. Bisti). The second part of the pool name is the stratigraphic name and is derived from the stratigraphic unit that produces the oil or gas (e.g. Gallup). Because of this system of pool nomenclature, pool boundaries may overlap where production in an area is obtained from more than one stratigraphic unit. Therefore, the oil and gas pool maps are organized stratigraphically. There are currently 21 maps in NW New Mexico and 24 maps in SE New Mexico. Oil and gas pool boundaries indicated on these maps are the legal boundaries of the pools as provided by the New Mexico Oil Conservation Division
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surfkast
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Two giant oil fields lie within the target trend and have produced over 2.2 billion barrels of oil.

San Andres Carbonates
Northwest Shelf of the Permian Basin
Northeast New Mexico

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surfkast
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Is the new light on small companies a plus for FRMC?
You be the judge.

In Exxon Deal, Signs of the New Gusher

By JAD MOUAWAD and CLIFFORD KRAUSS
Published: December 14, 2009
Over the last decade, a handful of the nation’s small energy companies pulled off a coup. Right under the noses of the industry’s biggest players, they discovered huge amounts of natural gas in fields stretching from Texas to Pennsylvania.

Now, the biggest energy companies are paying attention.

Exxon said this month, in its long-term outlook on energy demand, that it expected natural gas consumption to grow faster than oil or coal consumption over the next two decades.

After largely ignoring the surge in domestic resources, Washington is starting to pay attention, too, as Congress struggles to come up with an energy and climate bill that will reduce carbon emissions.

What may be emerging, industry analysts say, is a marriage between companies with deep pockets that need to expand their fossil-fuel reserves and companies that have staked out enormous fields but have little financial wherewithal to develop them.

http://www.nytimes.com/2009/12/15/business/energy-environment/15exxon.html

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surfkast
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FRMC Lets see if we get some EOD, EOW, EOM buying!
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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

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Extremely pleased with the EOD, EOW, EOM volume today!!!
Maybe news next week?

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FRMC.PK Chief Geologist Thomas Markham, a Closer Look

Formcap Corp., a rising star in the world of oil and gas, hired Mr. Thomas Markham as a consulting Senior Geologist in December of 09 largely as what President and CEO of FRMC Graham Douglas called a “critical first step” towards developing the 4,800-acre Weber City Prospect.

Mr. Markham earned a Masters in Geology from LSU in 1976 and has since gone on to spearhead multiple projects evaluating and developing oil and gas reserves for commercial use throughout the continental United States. Markham, through his various exploits (including working for sector powerhouses like Arco, Bepco, Tenneco, and Houston Oil and Gas), has discovered and developed some 75 Million net equivalent barrels of oil.

The last 12 years have seen Markham directing teams of up to 15 geologists with budgets from $11-$21M at leading plays; i.e., areas where hydrocarbon accumulations or prospects of a given type occur, such as the Pinon, Brunson Ranch, Allen Hill, Brown Bassett Extension, J.D. Shale, and NYY projects.

Markham is no stranger to successfully managing geoscience teams with multimillion dollar budgets, where he brings to bear his numerous specializations like well survey and analysis, deposit analysis (including diagenetics, or changes in the sediment after its initial deposition), seismic analysis, stratigraphic analysis – concerning rock layers or strata vis-à-vis hydrocarbon exploitation – and overall profitability analysis regarding the development potential of oil or gas projects.

With abundant experience throughout the U.S., including Alaska’s Prudhoe Bay and even recent offshore experience in South America, Markham brings his wealth of expertise to bear for FRMC’s investors.

Recent work in the Permian Basin, on a 21k-acre play in Pennsylvania, where Markham was Chief Geologist, and in Oklahoma where he was instrumental in negotiating for drilling rights with the Osage Tribe of Oklahoma to develop some 9,120 acres, are just examples of Markham’s track record. It is impossible in the space of one short article to truly portray the level of competence, excellence and professionalism Markham is acclaimed for.

Drilling and completion of proprietary prospects in Texas, Oklahoma and New Mexico, to depths of up to 10,500’ on some 88 oil and gas wells – where Markham oversaw everything from seismic analysis to leasing and production – afford abundant evidence of his prowess and thorough knowledge of resource development from planning to execution.

A 5 trillion cubic feet of gas (TCFG) overthrust play in Texas, where Markham was generating geologist; a stratigraphic play in New Mexico San Andres with wells to 4k feet and an estimated ceiling of 100 million barrels which he finalized; and the evaluation of data modeling of reserves in the Anadarko Basin are other examples of Markham’s recent work.

Published in prestigious industry publications like the American Gas Journal, and even asked to review reserves for the former Soviet Union, Markham was also recently asked to be guest speaker at the “Buying Oil and Gas Properties” seminar organized by the American Association of Petroleum Landmen.

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FRMC.PK Ideally Situated in the Prolific Oil Vicinity of the Permian Basin

FormCap Corp. is an emerging junior company in the oil and gas sector. The company owns 4,900 acres – the Weber City Prospect – in the Permian Basin, an area well known for its hydrocarbon production. The Permian Basin has produced over 35 billion barrels of oil and 100 trillion cubic feet of gas. It is host to over 20 percent of all domestic oil and gas produced in the US.

The ’smart’ money is investing into Permian Basin assets. For example, ExxonMobil (NYSE: XOM) is buying XTO Energy for $31 billion – the largest US energy takeover since Conoco-Phillips acquired Burlington Resources. The takeover occurred in large part due to XTO Energy’s large land position in the Permian Basin. Exxon was not alone in its interest in the Permian Basin. Other large energy companies acquiring assets in the Permian Basin include Occidental Petroleum and SandRidge Energy.

This takeover indicated a real shift in Exxon’s strategy and validated the independent exploration and production business model of smaller companies, like FormCap, which focus on the development of the Permian Basin areas of western Texas and eastern New Mexico as a key source of energy. The latest drill logs show that interest in the region is on the rise and that the Permian Basin is a hotbed of activity. Recent permit applications show that many other energy companies – Anadarko, Apache, Devon, Chevron and Kinder Morgan – are becoming involved in the area.

It appears that FormCap is ideally situated with their acreage in the Permian Basin. Based on modeling of a look-alike existing producing field – the Anton Irish field – well recoveries are expected to range from 100,000 to over 500,000 barrels of oil per well. Prospect wells are anticipated to flow at initial rates averaging 300 barrels per day, free of formation water. With 40 acre spacing in this prospect, there is room for approximately 100 wells.

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FRMC .46 - About FormCap Corporation
FORMCAP is a reporting issuer with the shares traded on the “Pink Sheets”. FormCap holds 100% Working Interest (80% Net Revenue Interest) in the 4,900 acre Weber City Prospect located in Curry County, New Mexico. 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

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AFTER HOURS NEWS!! -FORMCAP CORP is pleased to announce 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 (5) years. These 5,800 gross acre leases comprise the Weber City Prospect located in Curry County, New Mexico, which lies on the eastern most side of New Mexico bordering the State of Texas. These new leases are part of an on-going acquisition plan currently under way in New Mexico

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 US. Recent M&A activity in the Permian Basin highlights the growing importance of this historically prolific, domestic source of energy. 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 plans to drill an initial 7,000 foot well to test four potentially productive hydrocarbon zones; the San Andres, Clearfork, Wolfcamp and Cisco formations. Over 100 wells (based on 40 acre spacing) could be drilled on the Prospect and it is estimated that these leases could contain over 220 million barrels of oil in a successful case

“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” stated Graham Douglas, FormCap’s President & CEO

About FormCap Corp.: FORMCAP is a reporting issuer with the shares traded on the “Pink Sheets”. FormCap holds 100% Working Interest (80% Net Revenue Interest) in the 4,900 acre Weber City Prospect located in Curry County, New Mexico. 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

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

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FormCap is confident of success for the Weber City Prospect. Detailed mapping, Landsat imagery, seismic analysis and log evaluation outlines a major, combination stratigraphic, structural trap on the Prospect, as was the case in the existing "Anton Irish" field. FormCap has also outlined multiple secondary objectives in the primary producing zones of the Permian Basin in areas of Texas and New Mexico.

To better understand how the Prospect developed geologically, the following provides a brief description of the formation of the Pennsylvanian Reef reservoirs. The Cisco Formation is primarily marine limestone and shales, with the reservoir developed in limestone sequences. During deposition, the Pennsylvanian seas were relatively shallow and warm or tropical. At the same time in this area of the Permian Basin, an incipient basin margin started to develop. Associated with this development, structures evolved on the Pennsylvanian seafloor. Upon these structures, patch reefs began to grow. As the Pennsylvanian sea deepened, the reefs grew vertically in an attempt to stay close to the surface and most critically within the photic or sunlight zone. A major regression or withdrawal of the seas, ended reef deposition. But leaving the reefs exposed led to excellent porosity and permeability development. Several of these Pennsylvanian Reef reservoirs are giant oil traps, producing over a billion barrels of oil in the Permian Basin. The Weber City Prospect focuses on the same type of oil trap.

Detailed mapping, landsat imagery, seismic analysis and log evaluation outlines a major, combination stratigraphic, structural trap on the Prospect; the existing Anton Irish Field. Structural analysis of the Permian Basin over a 20 year period integrate with landsat analysis by a renowned structural geologist outlines a probable compression structure or "pop bloc". South of the structure, Gulf Oil tested significant oil from the Cisco Formation. A shallow well drilled and completed in 1947 as a 1,600' oil producer is located at the crest of the Weber City "pop bloc". Finally, a well off of the northern flank of the Prospect, drilled into over 1,200' of basinal shale and defines the northern limits. As in Anton Irish and Pennsylvanian Reef Fields in the Permian Basin (Kelly-Snyder), individual leases can produce over a million barrels of oil.

On December 16th, 2009, FormCap announced that in anticipation of drilling and developing the 4,900 acre Weber City Prospect it 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.

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FormCap Corp. is a domestic oil and gas exploration and development company. The company announced in October the acquisition of 4,800 acres of oil and gas leases, all with primary terms of five years, initiated in June 2009, for a cost of $250,000. The leases, together called the Weber City Prospect, are located in Curry Country, New Mexico.

Geologically, the Weber City Prospect is on the northern flank of the prolific Permian Basin, which is well known for its oil production, having four well-established hydrocarbon formations. The initial well will be drilled to a total of 6,500 feet to test four potential productive hydrocarbon zones: the San Andres, Clearfork, Wolfcamp and finally, the primary objective – the Cisco formation.

Based on a modeling of a look-alike existing producing field (the Anton Irish field), well recoveries are expected to range from 100,000 to over 500,000 barrels of oil per well. With 40 acre spacing in this prospect, there is room for approximately 100 wells. The Weber City Prospect is estimated to contain potentially over 220 million barrels of oil. Prospect wells are anticipated to flow at initial rates averaging 300 barrels per day, free of formation water.

FormCap is confident of success for the Weber City Prospect. Detailed mapping, Landsat imagery, seismic analysis and log evaluation outlines a major, combination stratigraphic, structural trap on the Prospect, as was the case in the existing ‘Anton Irish’ field. The company has also outlined multiple secondary objectives in the primary producing zones of the Permian Basin in areas of Texas and New Mexico.

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FormCap Corporation, an emerging oil and gas exploration company, owes its potential to a closely knit team of professionals that have already assembled 4,800 acres of promising oil and gas mineral leases.

• Graham Douglas, President – An experienced executive, with 35 years of financial and operational management success in North American and international markets, Graham Douglas has been an early stage investor and has been key in raising funding for several companies in a variety of industries, including oil and gas exploration. In several instances, he has managed companies through transitional periods or difficult circumstances.

Since 1992, he has been active as a business consultant in the area of corporate restructurings, mergers and acquisitions, as well as corporate finance and public offerings. Earlier in his career, he served as the Chief Operating Officer of a large west coast Canadian transportation, warehousing, and sea terminal operation, overseeing the company’s restructuring and the eventual sale of its operating entities. He has also worked in the banking industry in corporate finance, and in the commercial/industrial real estate development and construction industry.

• Thomas Markham, Chief Geologist – Thomas Markham is a long-time professional geologist, specializing in evaluation and development of oil and gas plays in the mid-continental U.S. He has extensive geological experience in oil and gas exploration, having worked with ARCO, TENNECO, and BEPCO on a wide range of projects. He has been responsible for directing teams of geologists, and has managed annual budgets of up to $21 million.

He has successfully drilled and completed proprietary prospects of 88 oil and gas wells in Texas, New Mexico, and Oklahoma, and has been published in the American Gas Journal. He was invited on a technical tour of the former Soviet Union to review oil and gas assets, and has also been a guest speaker at the American Association of Petroleum Landman’s (AAPL) “Buying Oil and Gas Properties” seminar.

• Randall K. Boatright – Randall Boatright has extensive experience in the energy business, and was formerly EVP, CFO, and Director of Abraxas Petroleum Corporation (AMEX:ABP), as well as a Controller of a large private independent oil and gas company. He is also a CPA, and has worked with Coopers & Lybrand LLP, and also served as Interim President and CEO, CFO, and Director of Dexterity Surgical, Inc.

In addition to the above, FormCap Corporation uses MAC Advisory Services, a mini-cap advisory service with oil and gas expertise. The firm is headed by Mark Teinert and David Parker, with over 50 years of combined experience related to oil and gas finance, accounting, and capital equipment, as well as corporate finance, merchant banking, and management of development stage companies.

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Even Germany reports about FormCap:

http://penstox.de/index.php?page=/News/FORMCAP-pachtet-weitere-Flaechen-in-New-M exico_10

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Corporate Update from 1/5/10

http://finance.yahoo.com/news/FormCap-Co...

Highlights....

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.

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All material posted by this poster is for informational purposes only

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