Letter of Intent – Mooncor acquiring interest in a silver-Zinc project in Germany (the “German Project”) and a silver-copper-fluorite project in Namibia (Click this Link for Deck)
Mooncor Oil & Gas Corp is an exploration and development company concentrating on high-impact,North American oil and gas projects
Mooncor Oil & Gas through its wholly-owned subsidiary Primary Petroleum (USA) has concentrated the majority of its resources in the acquisition of prospective oil and gas acreage in Northwestern Montana. The Company has an operated working interest in a large contiguous land position, in excess of 370,000 gross, 218,000 net acres, in the Southern Alberta Basin in Pondera and Teton Counties of northwestern Montana.
Primary Petroleum (USA) has gone on to identify a number of well supported exploration and development opportunities in formations ranging from the Cretaceous period to the Devonian period . Primary’s land capture is offsetting the previously exploited Pondera Field which produced a total of 29MM barrels of oil.
All Primary’s new play types encompass petroleum systems with carbonate and clastic targets. Favorable mineralogy and multiple pay intervals are some of the key characteristics demonstrated by the plays developed.
Primary is currently acquiring fee simple and state lands in Western Montana. The area is characterized by multi-zone oil and gas targets, is close to existing infrastructure and has year round access.
A significant amount of trade seismic is available and Primary believes that the area merits further exploration using today’s modern exploration methods.
Mooncor still maintains some of its targeted Muskwa/Duvernay shale gas project at Hamburg, Alberta. Local infrastructure is extensive, pipeline/processing capacity is available and some of the world’s largest oil and gas companies are active in the area.
Mooncor is also pursuing opportunities to realize near-term value from its Lloydminster, Alberta and southwest Ontario assets, The targets in Ontario are relatively shallow and thus require modest per-well capital expenditure.