FormCap Corp.’s (FRMC.PK) Recent Consulting Agreement to Develop Weber City Prospect
FormCap Corp. recently announced that it had entered into a consulting and option agreement with Mr. Norman Mackenzie of Calgary, Alberta, Canada to develop and execute the drilling and development plan for the company's Weber City Prospect. The Weber City Prospect consists of approximately 5,800 acres, with room for over 120 well locations, that are strategically positioned in the Permian Basin. The Permian Basin is well known to US oil and gas investors. It is a prolific area, located in Texas and New Mexico, that has produced over 35 billion barrels of oil and 100 trillion cubic feet of natural…