Mooncor Oil & Gas Corp (CVE:MOO) has submitted its Statement of Reserves Data and Oil and Gas Information showcasing the natural gas and oil reserves, present in the Provinces of Saskatchewan and Alberta, and the value of prospect net revenue of the firm. A copy of the report is available under the firm’s profile on the SEDAR online site.
The reserves data is dependent on an evaluation by “DeGolyer MacNaughton” with an operative date of December 31, 2015. This data summarizes the firm’s natural gas liquids, natural gas and crude oil reserves and the net present values of prospective net revenue for the mentioned reserves utilizing constant prices and costs and anticipated costs and prices.
Mooncor is a junior gas and oil exploration firm. It has interests in lands in the Teton and Pondera Counties in Northwestern Montana, the Duvernay/Muskwa liquids rich shale gas region in Alberta, Hamburg, and in southwest Ontario where the prime focus remains on conventional gas and oil opportunities.
Earlier in January, the company reported that its subsidiary unit, Primary Petroleum Company USA, Inc., was approached by AGC to market their 3D Seismic. Mooncor has engaged AGC to commercialize the Primary Petroleum seismic database and includes sites of the firm’s coverage on data searches in the region. AGC has approached to its numerous customers working in the northern Rockies area to solicit any interest in the firm’s 3D Seismic.
The objective of the firm is to license its 3D Seismic which the firm considers will lead to imminent opportunities for potential partnerships, joint ventures or farm in agreements.
In the last trading session, the stock price of Mooncor gained 25% to close the week at $0.0250. The gains came at a share volume of 1.97 million compared to average share volume of 1.02 million. After the recent gain, the market cap of firm now stands at $4.19 million.