Latest Updates on Formcap Corp (OTCMKTS:FRMC)

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Las Vegas, NV -- (SBWIRE) -- 12/09/2013 -- Formcap Corp (OTCMKTS:FRMC)traded at $1.23 after 3.91% fall in share price. The share fell to the lowest of $0.01 and touched highest of $1.28 during last 52 weeks. The company enjoys market capitalization of 113.21 million.

FRMC completed geological and geophysical study on the oil leases of 1500 acres. The company can begin drilling at the lease sight in the last quarter of 2014. It has four drilling locations already and it is looking for acquisition of seismic program. Its lease sites are in Burden; Atlanta; Eastman and Combs Fields.

FormCap Corp. operates in oil and gas exploration and development industry. The operations of company are located in Continental United States. The company has four lease sites and in 2011 it had 4,800 acres of oil and gas mineral leases. The rights of company are assigned to Rich Investments Ltd. (Rich) and Leare Developments Ltd.

To find out what OTCMAGIC projects for Formcap Corp for both short term and long term please click here: FRMC

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