Mooncor operations

The Calgary-based company Mooncor Oil has access to land around the borders of Lambton, Chatham-Kent, and Bkejwanong (AKA Walpole Island).

In 2010, there were reports that Mooncor had control over 23,000 acres of land in Ontario. The company previously had mentioned plans to purchase 100,000 acres in Ontario.

The following land holdings are shown in an April 2011 presentation (titled “Leveraging Today’s Shale Gas Opportunity”).

It looks as though the company plans to begin their Ontario fracking operations here, before moving into other areas of Ontario -

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Those maps are from a presentation from the Mooncor Oil & Gas Company. (Here is an archived copy of that document.) Their presentation suggests that the area has “shallow, high-probability targets” with “modest per-well drilling cost.”  The company also indicates that this area is a priority for them because of “extensive local pipeline and processing infrastructure.”

Mooncor has stated that they are (as of May 2011) “pursuing opportunities to realize near-term value from its southwest Ontario assets, potentially through a spin-off into a new entity. The targets in Ontario are relatively shallow and thus require modest per-well capital expenditure.”

More information about threatened areas of southwestern Ontario — including the Great Lakes — is posted on this page of this web site.

Here is the overall map of more areas of southwestern Ontario which have been targeted for exploration -

(That map is from this Toronto Star article.)

In 2008, the following plans and assets were announced -

Mooncor anticipates drilling an Antrim shale gas test well to recover core for evaluation …

Mooncor is advancing plans to spud a second well to be located in Norfolk County, Ontario … targeting the Trenton Black River formation. The well will also provide the Company the ability to core and evaluate the Collingwood/Blue Mountain shales (Utica style shale gas zones). Mooncor has access to approximately 25,000 acres of undeveloped land in this area through it’s joint venture agreement with a junior oil and gas company based in southwestern Ontario.

Here are some April 2011 statements from Mooncor -

Vice-president Richard Cohen said the company has brought on a geologist who is putting together a drilling program for its Southwestern Ontario sites.“We’re pretty excited about the gas and oil potential in Lambton County,” he said.

“We’re in the process of arranging a spinoff, as we announced several months ago, but we are going to be doing a little more work on it as Mooncor over the next month or two.”

That includes drilling “two or three wells” targeting natural gas and oil, he said.

The company has “somewhere between $700,000 and $1 million . . . to spend before year-end on work on the properties,” he said.

The spinoff company will be called DRGN Resources and Cohen said it hopes to become a major player in southwestern Ontario. …

“We’ve never had any trouble accessing capital.”

Cohen said he was been speaking with 21 companies “that we’re targeting as a possible consolidation play into our spinoff.”