Mooncor Provides Update on Macquarie Tristone Process
CALGARY, ALBERTA--(Marketwire - Oct. 20, 2009) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Mooncor Oil & Gas Corp. ("Mooncor") (TSX VENTURE:MOO) announces that it has
completed the first phase of its process to seek non-binding proposals for
divesting a portion of its interest in lands situated in the Hamburg area
of northern Alberta by means of a farm-out.
The company and its adviser, Macquarie Tristone (the acquisitions and
divestments business of Macquarie Capital Markets Canada Ltd.), are
currently reviewing feedback provided in this process and evaluating the
options available. The process has been extended and further details will
be communicated in due course, as deemed appropriate.
Mooncor has filed a Caribou Management Plan for the 2009 / 2010 winter
season outlining proposed activities in the Hamburg area and anticipates
receiving formal approval of the plan by mid-November.
Business of Mooncor Oil & Gas Corp.
Mooncor Oil & Gas Corp. is a junior oil and gas exploration and development
company. Mooncor is focusing on its shale gas opportunities with a current
emphasis on its high impact proven muskwa shale gas play at Hamburg,
Alberta.
The information in this news release includes certain information and
statements about management's view of future events, expectations, plans
and prospects that constitute forward looking statements. These statements
are based upon assumptions that are subject to significant risks and
uncertainties. Because of these risks and uncertainties and as a result of
a variety of factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and indicated by
these forward looking statements. Although Mooncor believes that the
expectations reflected in forward looking statements are reasonable, it can
give no assurances that the expectations of any forward looking statements
will prove to be correct. Except as required by law, Mooncor disclaims any
intention and assumes no obligation to update or revise any forward looking
statements to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in factors
affecting such forward looking statements or otherwise.
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