Sunday, August 29, 2010

Jones County, Mississippi - Haynesville Shale Update

By Andrea:

Morgan Creek Energy Corp. (MCKE.OB) announced today that they acquired roughly 21,000net acres of mineral oil and gas leases in the Haynesville shale. The land is located in Lamar, Jones and Forrest County, Mississippi. The agreement resides with Westrock Land Corp. which is a privately owned company. Westrock will own all rights to the land and hold a minimum 75% net revenue interest.

The Company has entered into this agreement with the mineral leaseholder, Westrock Land Corp., and is based on representations that Westrock owns all rights to all depths including the Haynesville Shale Formation, pursuant to the oil and gas leases with a minimum 75% net revenue interest.

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