From www.country1039.com
A Calgary-based oil and gas company has locked up over 20-thousand acres of land rights in Lambton and Chatham-Kent.
Mooncor Oil & Gas Corporation Vice President Richard Cohen says they’ve had a geologist on site for the past four months.
The goal is to launch a spin-off company called DRGN Resources that will focus on conventional and unconventional drilling for oil, gas, and shale gas.
Cohen says Mooncor will be spending 500 to 700-thousand dollars in the area this summer. The company hopes to be drilling within three to four months.
Cohen says Mooncor will be spending 500 to 700-thousand dollars in the area this summer. The company hopes to be drilling within three to four months.
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