SmallCapSentinel.com Pursuing the Prolific


LAS VEGAS, March 1, 2010 (GLOBE NEWSWIRE) -- Recent positive economic factors, including better than expected growth of the economy in the fourth quarter of 2009, have fueled interest in oil and gas as many anticipate an increase in demand driven by an improving economy. Obviously, demand drives prices, and rising prices increase profits for companies producing oil.

According to The Commerce Department, the U.S. economy grew at an annual rate of 5.9% in the fourth quarter of 2009, slightly higher than the advance estimate of a 5.7% increase.

This certainly bodes well for oil and gas equities such as FormCap Corp (Pink Sheets:FRMC) which has been making progress in its substantial efforts to garner more oil. In an aftermarket release Friday, FormCap announced that its technical team is initiating a comprehensive and systematic strategy to explore for oil and gas at the Company's promising Weber City Prospect.

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 U.S. To date, FormCap has increased its land position in the Permian Basin prospect to approximately 5,800 gross acres of oil & gas leases, all with primary terms of five (5) years, giving the company substantial opportunity to execute its plan.

In doing so, FormCap has provided to its shareholders the prospect of a future potentially enhanced by the rising price of the very oil the company is seeking.

Find everything being said on the web about FRMC at www.BoardMark.com

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Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCapSentinel.com is property of Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies haven't always approved statements made in this report. This report is neither a solicitation to buy nor offer to sell securities but is for information purposes only and shouldn't be used as basis for any investment decision. IMI isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. IMI has been paid $11,000 by Archon Global for this report and related advertising services regarding FRMC. Paid reports constitute a conflict of interest as to IMI's ability to remain objective in communication regarding subject companies.


            

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