Mooncor Oil & Gas Corp. has Discovered the Southeast Extension of the Horn River Basin Muskwa Shale System

Since most of the Hamburg lands have been previously drilled for deeper targets, Mooncor’s development program will involve virtually no exploration risk. The Duvernay/Muskwa shales are prevalent throughout the Company’s lands and are in the range of 12-25 metres in thickness, which is about half that of the Muskwa shale thickness at Horn River. However, pressure analysis at Hamburg reveal the Duvernay/Muskwa shales to have greater than 1 microdarcy of permeability which is nearly 4 times greater than the permeability at Horn River. As well, the Hamburg shales may have better porosity, due to their reportedly 3-5 times higher siltstone content. The Company’s management was encouraged by flow rates exceeding 1 MMcf/day after a small energized frac program. DeGolyer and MacNaughton Canada Ltd. has provided an NI 51-101 compliant estimate of Contingent Plus Prospective Gas Resources for Mooncor at Hamburg of up to 5.19 TCF Total Original Gas-in-Place and Recoverable Gas-in-Place of up to 1.35 TCF.


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Mooncor’s future development in Hamburg is expected to focus on horizontal drainage and delivery to the vastly under-utilized infrastructure available in the area. Hamburg has all weather access roads and proximity to all needed supplies and services.