TORONTO, ONTARIO–(Marketwired – Oct. 3, 2016) – Mooncor Oil & Gas Corp. (“Mooncor” and the “Corporation”) (TSX VENTURE:MOO) said today that it is not aware of any material event that would cause today’s unusual trading volume.
The Corporation would also like to provide a corporate update. Mooncor’s wholly owned subsidiary, Primary Petroleum Company USA, Inc., has been approached back in November of 2015, by an arm’s length party from the United States pertaining to the Corporation’s property in Montana. The interested party has expressed interest in acquiring a licensing agreement for the Corporation’s 3D Seismic covering 125 sections over parts of the Montana property. This is a lengthy process and there can be no assurance that any agreement will be reached. The 3D Seismic was the largest seismic ever conducted in the State of Montana at the time. As per our acquisition announcement made Jan 29, 2015 The Corporation currently has approximately 320 sections, representing net acres of 219,000, in the Pondera and Teton Counties in Northwestern Montana USA.
Business of Mooncor Oil & Gas Corp.
Mooncor is a junior oil and gas exploration company. Mooncor holds interests in lands in the Pondera and Teton Counties in Northwestern Montana, the Muskwa/Duvernay liquids rich shale gas area in Hamburg, Alberta, and in southwest Ontario where the focus has been on conventional oil and gas opportunities.