Formcap Corp. FRMC

About: FormCap Corp. (FRMC)

FormCap Corporation (OTCQB: FRMC) is an emerging oil and gas exploration and development company. Our primary focus is the discovery and development of oil producing wells in the lower US states, primarily targeting the Mississippian. This prolific area has numerous producing zones, including the Layton, Lansing-Kansas City, Bartlesville, Stalnaker, and the Arbuckle. Total depths of 4,000 foot provides short drilling time; with wells being drilled in only 7 days. Access to water sources is easily obtained with two projects located within five miles of township 32 south range, 5 east. Access to drilling rigs for vertical and horizontal wells are in large supply, which creates attractive pricing for drilling and completing a well for under $500,000 per vertical well. Total production in Cowley County, Kansas is over 160 million barrels of oil and over 200 billion cubic feet of natural gas. Historical fields adjacent to FormCap’s acreage AMI include the Hittle Field, which has produced 10,900,000 barrels of oil and the David Field with over 7,000,000 barrels of oil in the Bartlesville and Arbuckle zones.

An acreage position in Cowley County, Kansas will provide for an initial Mississippi Lime Project possibility. The participation of Shell Oil, Sandridge, Chesapeake, Range Resources, and Chaparal Energy in this area has increased leasing values and drilling activity throughout southern Kansas.

The overall prospects for positive results in the Mississippian lime project are high. The State of Kansas has produced over 6 billion barrels of oil, with the large percentage coming from between the Central Kansas uplift and the Nemaha up-lift. A strong trend is projected through the proposed townships and ranges, which is confirmed by historic well data, seismic and sub-surface interpretation. Recent wells drilled in Township 32S R5E are associated with our proposed acreage position in the trend moving north and east, which shows multizone potential with up to 5 zones per well that can produce. Wells in this area have shown good showings of oil, strong bottom hole pressures (BHP) or good fluid, which correlates with low depletion rates. Strong zone pressures with fair oil/fluid recovery, indicates zone development, which should be associated with nearby oil reservoir potential.




50 West Liberty Street,
Suite 880
Reno, Nevada 89501
http://www.formcapcorp.com

E-mail: info@formcapcorp.com
T: (775) 285-5775
F: (775) 285-5776





Share Structure
Market Value1 $2,750,209 a/o May 16, 2014
Shares Outstanding 102,238,238 a/o Apr 11, 2014
Float 40,860,009 a/o Aug 13, 2013
Authorized Shares 200,000,000 a/o Aug 13, 2013
Par Value 0.001

Shareholders
Shareholders of Record 98 a/o Apr 15, 2014

Corporate Actions Ex. Date Record Date Pay Date

Security Notes
•Capital Change=shs decreased by 1 for 200 split. Pay date=2-22-01
•Capital Change=shs decreased by 1 for 200 split Pay date=10/12/2007.
•Capital Change=shs decreased by 1 for 50 split. Ex-date=10/01/2012.



Transfer Agent
President Stock Transfer Company
Suite 217 - 515 West Pender Street
Vancouver, BC, V6B-6H5
+1(604) 876 5526
http://www.presidentstocktransfer.com
info@presidentstocktransfer.com

Auditor/Accountant
Sadler, Gibb & Associates LLC
291 South West
UT, 84025
United States

Legal Counsel
The McGeary Law Firm
405 Airport Fwy
TX, 76201
United States


Financial Reporting/Disclosure
Reporting Status U.S. Reporting: SEC Filer
Audited Financials Audited
Latest Report Dec 31, 2013 10-K
CIK 0001102709
Fiscal Year End 12/31
OTC Marketplace OTCQB

Profile Data
SIC - Industry Classification 7372 - Prepackaged software
Business Status Exploration Stage Company a/o Jul 10, 2009


Incorporated In: NV, USA
Year of Inc. Not Available
Employees Not Available

Company Officers/Contacts
Graham Douglas President

Company Directors
Jim Kootnekoof

Company Notes
•Formerly=Gravitas International, Inc. until 10-07
•Formerly=WTAA International, Inc. until 12-01
•Formerly=Canadian Cool Clear Water, Inc. until 10-99
•Formerly=Corbetts Cool Clear Water, Inc. until 10-98
•Formerly=Aarden-Bryn Enterprises, Inc. until 9-98
Service Providers
Accounting/Auditing Firm

Sadler, Gibb & Associates, LLC
2455 Parleys Way
Sutie 320
Salt Lake City, UT, 84109
United States


Legal Counsel

The McGeary Law Firm, P.C.
1600 Airport Fwy
Suite 300
Bedford, TX, 76022
United States


Investor Relations Firm

Not Available

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FORMCAP MANAGMENT


Management

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. As the company progresses, it is planned that these individuals will join the team as Directors and Officers.

Graham Douglas, President & CEO
Graham 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 1986 through 1992, he 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, Graham has been active as a business consultant in corporate restructurings, mergers and acquisitions, corporate finance and public offerings. He has been an early stage investor and assisted in raising later stage funding for several companies in a variety of industries which include: beverage, food processing, clothing, tourism, real estate, construction, telecommunications, hightech, mining and exploration, heavy equipment auction, oil and gas exploration and biofuels. In several situations, Graham has taken temporary positions in management and governance through transitional periods or in difficult circumstances. He is a resident of Mexico and works throughout North America and the international markets.

Thomas Markham, Senior Geologist
Tom is a professional geologist specializing in the evaluation and development of oil and gas plays in the onshore United States. He received his Masters of Geology from LSU in 1976 and then pursued a career working with ARCO, BEPCO, Houston Oil and Minerals, and Tenneco, in technical positions of increasing responsibility. During this period, Tom as an individual geologist and as part of exploration and development teams discovered and developed more than 75 million net equivalent barrels of oil. With increasing budget and managerial responsibilities, Tom managed geoscience teams of up to fifteen graduate professionals with budgets of from $11 to $23 million. Along with managerial skills, his geoscience specialties include well survey (“logs”) analysis and interpretation, evaluation of depositional and diagenetic systems, seismic — stratigraphic application to the exploration and exploitation of hydrocarbon reservoirs, and definitive risk/reward economic evaluation of oil and gas projects.

He has recently acted as Chief Geologist in charge of the supervision and generation of a 21,000 acre Pennsylvanian gas play in the Permian Basin. In Oklahoma, Tom was instrumental in play development and directed negotiations with the Osage Tribe of Oklahoma for drilling rights on 57-quarter sections (9,120 acres). He has been an independent oil and gas geologist managing project generation and evaluation for various industry and non-industry groups primarily in the Mid Continent.

Tom has successfully drilled and completed proprietary prospects (while providing the supervision of seismic, leasing, drilling, completion, and production activities) of 88 oil and gas wells (to 10,500’) in Texas, New Mexico, and Oklahoma. He was the generating geologist of a 5 TCFG overthrust play in Central Texas, he finalized a New Mexico San Andres stratigraphic play (50 to 100 MMBO at 4,000’) and a Permian Basin Devonian structural play. He has managed the screening and evaluation of Springer – Atoka sub-basin prospects of the Anadarko Basin (3-D).

Tom has been published in the American Gas Journal and he has been invited on a technical tour of the former Soviet Union to review oil and gas assets. He was also guest speaker at the American Association of Petroleum Landman’s (AAPL) “Buying Oil and Gas Properties” seminar.

Jim Kootnekoof, Director
Jim is the Founder and President and CEO of SecuSolutions LTD., which is an IT security consultancy and product development company based in Calgary Canada. He has worked in the IT security industry for the past 16 years with a total of 7 years based in Tokyo, both as an independent contractor in North America, and as the founder and CEO of a top tier security consulting firm based in Tokyo Japan.

While in Japan, and as CEO, Jim led the business development and marketing of several ground breaking products and services in the Japanese security industry. He has also provided high level security consulting, products and security education for some of the largest corporations in Japan including the local and federal government.

Over the past 16 years, Jim has given countless speeches on the topic of security throughout Japan, China and abroad at both private and public venues. He has spoken on various topics of security such as Cyber Terrorism, Cyber Crime, Risk Management, Spyware, Malware and Phishing. He has worked closely with Symantec Japan, IBM Japan and other Japanese based security companies to help spread awareness of security issues and challenges facing private and public companies in Japan and around the world.Jim brings a network of security experts consisting of some of the most elite individuals in the industry to his company SecuSolutions Ltd.