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Mooncor Oil & Gas Corp. Releases update to shareholders

Mooncor Oil & Gas Corp. (MOO.V) distributed a corporate update to shareholders this morning. It said: "Mooncor was an early mover in the Muskwa/Duvernay liquids-rich gas shale opportunity. Announcements by several companies in recent months regarding land acquisition and drilling plans have signalled recognition by the broader industry of the potential for this play. We understand that the wait for a joint venture partner has been long, but with natural gas prices stabilizing and prices for condensate and other NGLs exhibiting impressive strength (movement in crude oil prices provides a good barometer), we believe we are in a position at which the project is very attractive on a fully risked basis, and that this is reflected in the interest currently being shown by potential partners," said Darrell Brown, President and CEO, in a statement.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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