Overview

Morgan Creek Energy Corp. is a natural resource exploration company engaged in the acquisition and development of strategic oil and natural gas properties. Morgan Creek Energy is actively engaged in the generation and development of oil and gas prospects in the more prolific producing regions of the southern-continental United States of Texas and New Mexico.

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Investment Highlights

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Profile

Morgan Creek Energy has been created and staffed to locate, acquire and develop low-risk oil and gas prospects in energy-rich regions worldwide. By developing high quality prospects and employing skilled contract consultants using the industry’s leading technology, Morgan Creek Energy seeks to control project costs and success rates. The Company is dedicated to becoming the industry’s ‘lowest cost’ producer.

The Company currently has an oil prospect in New Mexico, a natural gas structure in Texas and option to acquire a 70% working interest in Bonanza's 85% working interest (a 59.50% net working interest) in the Prospect, up to October 28, 2010. With the Company's current focus being oil and natural gas rich areas in a geographically stable country such as the U.S., it is able to focus more on their core business and less on governmental policies and sometimes complicated dealings with international governments, especially in developing countries.

The Company has selected the New Mexico Oil Prospect based on its potential for immediate production of oil from relatively shallow wells. Two giant oil fields lie within the target trend and have produced over 2.2 billion barrels of oil. The Company's leased block currently sits at 7,540 acres with a pending transaction that would see the company holding a total of 15,407 acres.

MCKE has selected the Natural Gas structure in Texas based on its potential to contain a very large gas structure. An initial well drilled in 2007 confirms managements’ belief that the previously untapped trend contains gas shows.

The imbricated Ouachita thrust fold belt marks a margin boundary between the East Texas Basin and the Gulf Coast Basin. This basin margin occurs where the two primary US continental plates collided and rolled over each other. Intense fracturing has developed secondary porosity within the thrust sheets, which overlay the foreland Pennsylvanian source beds, creating significant oil and gas traps.

Morgan Creek’s interest in the Emmons Prospect focuses on the ‘stacked’ structural traps just north of Waco. The initial target location has been selected. While the Company prepares for the drilling phase, the land team is moving forward to complete leasing activities on multiple strategic properties in the target area. The well permitting process will immediately follow these activities..

Bonanza Resources has completed a multi-component interpretive 3-D survey on approximately 8,500 acres to image the Morrow A and B sands. The 3-D interpretive survey has identified 40 drill ready target locations. Using this data as a basis, the Company plans to proceed with exploration drilling on the North Fork 3-D prospect this year.

Company President Peter Wilson stated, "This agreement and program are important to Morgan Creek Energy because they help set a new direction for the Company going forward. I expect this to be one of several key projects that give Morgan Creek the ability to add solid value in this energy cycle."

The Company has been busy since June of this year announcing these and other announcements.  As a result, investors have taken notice of the Company and its stock is up from around the $0.20 level in June to the current price of around $0.60.

The world has reached a tipping point with regards to worldwide oil resources, and most analysts agree that the world has reached the stage of peak oil. The concept of peak oil is easily misunderstood It's not that we're out of oil -- there's still a trillion barrels of oil under the Earth's crust -- it's just that we've developed all the easy-to-access and easy-to-refine oil deposits --and these are now declining.

Jeff Rubin, the former chief economist for CIBC World Markets, predicts that the price of oil will rise to US$225 a barrel by 2012. For readers who dismiss Rubin, think about this:We are in the midst of the biggest recession since the Great Depression and oil has already risen above US$80 a barrel. In 2003, few pundits would have thought US$80 oil was possible. (And Rubin's past predictions have proven deadly accurate: In 2006, he predicted oil would hit US$150 a barrel in 2008.)

To meet rising oil demand, companies are now oil drilling on the ocean floor, miles under the sea, in the Arctic in hostile conditions, and in the tar sands, where it takes a barrel of oil equivalent in the form of natural gas to refine three barrels of oil. The effect of all these trends -- smaller deposits, harder-to-access locations and harder-to-refine oil -- means that the cost to extract oil from new sources is rising. The rate of extraction from the new deposits is slower than the declining rate of production from the traditional oil fields..

The law of supply and demand states that when the demand for a good increases faster than the supply, prices will rise.(Source: Canada.com)

While short-term oil prices may flounder a bit due to the recent run-up of oil from March lows, the long term trends are still bullish. But regardless of the actual price of crude oil, if one of the Company's properties can find significant oil or natural gas, the outcome will be very positive for the Company and all their shareholders alike..

Looking at the Company's technicals, the chart seems to be developing a bullish pennant pattern. We can get all into why we think this is a pennant forming, but a picture is worth a thousand words, so take a look at this link which describes the pennant pattern and compare it with MCKE's chart pattern. Notice any striking similarities?

This pattern is quite accurate, and is considered a continuation pattern. Pennant and flag patterns are what pattern chartists call half-mast patterns. That is, they form midway in a trend and you can project the distance already travelled from the start of the trend from the pattern to estimate the end of the trend. A pennant pattern fails in its continuation prediction only 19% of the time in an uptrend..

In MCKE's case, the most recent rally occurred in the middle of November at roughly $0.35 and topped off at about $0.75. According to the pennant pattern, that would make the next stretch of this rally the potential to run at least another $0.20 to $0.30 cents, bringing the stock to about $0.80 to $0.90 cents. Again, this is all assuming that the end of the pennant formation occurs shortly and it isn't one of the odd chances where the pennant pattern does not pan out. In order to confirm the pennant formation, a day with really strong volume that breaks the pennant formation is needed.

Support seems to be strong around the early $0.60 and then again around $0.50. A stop loss is suggested around those levels depending on your risk appetite. As always, these are only our interpretations of MCKE's chart, we strive to give you all the information we can and always encourage our investors to do their own due diligence and consult with a financial advisor before making any trading decisions.

The need for oil will continue to be one of the most sought after resources for decades to come, and the Companies that can seek the undiscovered oil & natural gas and extract it to the surface will also be in great need. With MCKE having several key properties all across the U.S., especially one that lies within a target trend that has produced over 2.2 billion barrels of oil, chances of success are dramatically increased. With the recent run-up in prices in the stock as well as the Company's strategically located properties, we encourage our investors to take a closer look into Morgan Creek Energy Corp. (OTCBB:MCKE).

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Projectss

Oil Prospect - New Mexico

Management has selected this project based on its potential for immediate production of oil from relatively shallow wells. Two giant oil fields lie within the target trend and have produced over 2.2 billion barrels of oil.

The San Andres, a carbonate sequence of Permian Age, is one of the most prolific oil producing horizons of North America.

There are three major porosity cycles developed within the San Andres. Each cycle represents a separate transgressive event and each event is characterized by a lower shale sequence overlain by carbonates and grading into evaporites.

The youngest porosity cycle is developed along an 80-mile stretch in an east to west direction, from the Texas - New Mexico border to the Pecos River of New Mexico. Over 2.2 billion barrels of oil have been produced from this cycle from depths less than 5,500’. Two giant oil fields lie within this trend; the Wasson and the Slaughter-Levelland.

The oldest porosity cycle is represented in the east to west trending asphalt pit near the town of Santa Rosa, New Mexico. Estimated to have contained 90 million barrels of oil in place (New Mexico Bureau of Mines), this trap was breached during the Tertiary Period and now is exposed at the surface..

Morgan Creek’s leased block currently sits at 7,540 acres with a pending transaction that would see the company holding a total of 15,407 acres. Drilling to the target depth poses no serious operational hazards, but completion procedures will have to include sizeable hydraulic fracture programs based on sidewall cores and log analysis. Overall drilling, completion and equipping base costs, projected at $875,000 per well. The initial target location has been selected.

Natural Gas Structure - Texas

Management has selected this target based on its potential to contain a very large gas structure. An initial well drilled in 2007 confirms managements’ belief that the previously untapped trend contains gas shows.

The imbricated Ouachita thrust fold belt marks a margin boundary between the East Texas Basin and the Gulf Coast Basin. This basin margin occurs where the two primary US continental plates collided and rolled over each other. Intense fracturing has developed secondary porosity within the thrust sheets, which overlay the foreland Pennsylvanian source beds, creating significant oil and gas traps. The Ouachita facies thrust sheet trend reservoirs can be traced from the highly faulted Potato Hills Field in Latimer County, Oklahoma (total recoverable gas reserves estimated at 700 Bcf), south into northeast Texas where they trend off to the southwest north of Waco, and finally terminate in the Pinon Field in Pecos County, Texas (total recoverable gas reserves estimated in excess of 1.0 Tcf).

Morgan Creek’s interest in the Emmons Prospect focuses on the ‘stacked’ structural traps just north of Waco. In fall 2007, Morgan Creek drilled its Boggs #1 Ouachita Jackfork Sand test to 4,223’. The Boggs well results indicated a very clean Ouachita sand section with good crossover (gas effect) on logs. The well was completed and tested 1.5 Mmcf/d, but produced water at about 600 Bpd. The produced water was analyzed but did not demonstrate the salt characteristics of the area Ouachita formation water (much too fresh). The well was then shut-in pending further study.

The initial target location has been selected. While the Company prepares for the drilling phase, the land team is moving forward to complete leasing activities on multiple strategic properties in the target area. The well permitting process will immediately follow these activities..

Oklahoma Prospect

Morgan Creek Energy Corp. recently announced that they have entered into a Definitive Agreement, with Bonanza Resources Corporation, for an option to to acquire a 70% working interest in Bonanza's 85% working interest (a 59.50% net working interest) in the Prospect, up to October 28, 2010.

Bonanza Resources has completed a multi-component interpretive 3-D survey on approximately 8,500 acres to image the Morrow A and B sands. The 3-D interpretive survey has identified 40 drill ready target locations. Using this data as a basis, the Company plans to proceed with exploration drilling on the North Fork 3-D prospect this year.

Company President Peter Wilson stated, "This agreement and program are important to Morgan Creek Energy because they help set a new direction for the Company going forward. I expect this to be one of several key projects that give Morgan Creek the ability to add solid value in this energy cycle."

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Recent News and Press Releases

Morgan Creek Energy Corp. Plans January Spud Date for First Well on North Fork 3-D Prospect, Oklahoma
PR Newswire (Tue, Dec 15)

Morgan Creek Energy Corp. Appoints John Clayton Weldy Jr. to the Board of Directors
PR Newswire (Thu, Dec 10))

Morgan Creek Energy Corp. Arranges $2 MM Financing; Adds Participation Partners to Develop North Fork 3-D Prospect
PR Newswire (Tue, Dec 8)

Morgan Creek Energy Corp. Moves Into Drilling Phase With a Now Increased 70% Majority Working Interest in the North Fork 3-D Prospect
PR Newswire (Fri, Dec 4)

Amendment of the Terms of the Option Agreement Between Morgan Creek Energy Corp. and Bonanza Resources Corporation
PR Newswire (Tue, Dec 1)

Clarification and Amendment of the Terms of the Option Agreement Between Morgan Energy Corp. and Bonanza Resources Corporation
PR Newswire (Fri, Nov 27)

MORGAN CREEK ENERGY CORP Financials
EDGAR Online Financials (Thu, Nov 19)

Morgan Creek Energy Completes Due Diligence and Targets a Two-Well Drill Program on North Fork 3D Prospect, Oklahoma
PR Newswire (Wed, Nov 18)

MORGAN CREEK ENERGY CORP Files SEC form 10-Q, Quarterly Report
EDGAR Online (Mon, Nov 16)

MORGAN CREEK ENERGY CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
EDGAR Online (Tue, Oct 13)

Morgan Creek Energy Moves Up Drilling Initiative on the North Fork 3D Prospect in Oklahoma
PR Newswire (Mon, Oct 5)

 

Morgan Creek Energy Takes Control and Majority Interest in Frio Draw Prospect in Curry County, New Mexico
PR Newswire (Thu, Sep 24)
 

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Management

Morgan Creek Energy Corp. is guided by a group of experienced senior managers with practical, hands-on knowledge gained from many years of working directly at building value in junior exploration and production operations to major integrated energy companies.

Peter G. Wilson

President, CEO and Director

During the past fifteen years, Mr. Wilson has been involved in the senior level management of public companies. His experience spans a wide range of project development and contract negotiations within the mining, energy and real estate industries. Mr. Wilson has focused on the creation and implementation of market strategies, contract negotiations and financing options for maximum return on investments. His business experience includes diverse international assignments in the United Kingdom, Canada, the United States, Switzerland and Norway. Mr. Wilson has worked extensively with overseas investor groups and within the E&P market in Louisiana and Texas.

From approximately 2007 through the present, Mr. Wilson is the president of Hana Mining Ltd., a publicly listed exploration company seeking to develop a copper-silver project in Botswana, Africa. During approximately 2005 to 2006, He served as the president and chief executive officer of Sun Oil and Gas Corp. During approximately 1997 to 2005, Mr. Wilson was a director and the vice president of International Operations for Petroreal Oil Corp., a small oil producer engaged in energy asset purchases aggregating more than $130,000,000.

During approximately 1993 to 1999, Mr. Wilson was the vice president of Samoth Equity Corporation (now Sterling Center Corp.), where he began his involvement with capital markets and finance. Samoth Equity Corporation gained prominence through the 1990s and grew to a $150,000,000 TSX-listed real estate merchant banking organization involved in lending throughout the southwestern United States and Canada..

Mr. Wilson continues to serve as an advisor to several public and private Houston-based E&P companies, and serves as a director of Offset Energy Corporation operating in the GOM and Houston, Texas.

William (Bill) Thomas

Chief Financial Officer, Director

Mr. Thomas has thirty years of experience in the finance and accounting areas for the natural resource sector. Currently, Mr. Thomas is also the chief financial officer and a member of the board of directors of Mainland Resources, Inc., a Nevada corporation that trades on the OTC Bulletin Board, and the chief financial officer and a director of Uranium International Corp., a Nevada corporation that trades on the OTC Bulletin Board, chief financial officer of Hana Mining and Mira Resources both of which are Canadian public companies.

Mr. Thomas has held various successive management positions with Kerr McGee Corporation's China operations based in Beijing, China, ending in 2004 with his final position as director of business services. For a brief period after leaving Kerr McGee, Mr. Thomas acted as a self-practitioner in the accounting and finance field. In July 2007 he took on the role of chief financial officer for two public resource companies; Hana Mining Inc. and NWT Uranium Corp.

Recently, Mr. Thomas resigned from NWT Uranium Corp. but continues to serve as chief financial officer for Hana Mining. Mr. Thomas was previously general manager (1999-2002), and finance and administration manager (1996-1999) of Kerr McGee's China operations. While in China, Mr. Thomas was responsible for finance including Sarbanes Oxley reporting, budgeting, treasury, procurement, taxation, marketing, insurance and business development, including commercial negotiations with the Chinese partner, China National Offshore Oil Co (CNOOC) and other Chinese and joint venture partners. Mr. Thomas focused heavily on supporting exploration and development operations for three operated blocks in Bohai Bay, as well as evaluation and negotiation of new venture blocks in East China Sea and the South China Sea. He was also responsible for the liaison with CNOOC and other Chinese oil companies, Kerr McGee US management and joint venture partners, where his main focus was to ensure cost effective and timely achievement of various approved work programs and budgets. He was also Chief Representative for Kerr McGee on the Joint Management Committee (JMC).

Mr. Thomas previously worked as manager of fixed asset accounting for Kerr McGee Corporation's US operations (1996), as finance director of Kerr McGee's UK operations based in London/Aberdeen (1992-1996), and Kerr McGee's Canadian operations in Calgary, Alberta, Canada (1984-1992), including the predecessor company, Maxus Canada Ltd, which was acquired by Kerr McGee Ltd. Over the course of his career, he has been involved in all aspects of managing accounting, budgeting, human resources, administration, insurance, taxation and other business support aspects surrounding oil and gas properties for Kerr McGee. Mr. Thomas was responsible to ensure compliance with COPAS, SEC, FASB and international accounting regulations. He participated on a team that developed the Oracle accounting system application to the Kerr McGee's worldwide operations. He was most notably involved in the company's initial entry into both China and the UK North Sea - start ups of local and expatriate personnel that eventually developed into core areas (over $1 Billion) for Kerr McGee, including the company's first operated offshore oil fields in China (CFD 1-1) and the UK (Gryphon).

In his early career Mr. Thomas also held senior management positions in the finance divisions of Norcen Energy Ltd of Calgary, Alberta (1981-1984), Dennison Mines Ltd of Ontario Canada (1978-1981) and Algoma Steel Corporation of Sault Ste Marie, Ontario, Canada (1977). He was also a Senior Auditor for the accounting firm, Coopers & Lybrand in Toronto, Canada (1975-1977).

Mr. Thomas attained his Chartered Accountant (CA) designation from the Canadian Institute of Chartered Accountants in 1977. He holds an Honors Bachelor of Commerce and Finance degree from the University of Toronto, Ontario, Canada.

Angelo Viard

Director

During the past ten years, Mr. Viard has been involved in providing companies with advisory services including, but not limited to, managerial, investment strategy, finance, information technology, compliance, accounting, business development, mergers and acquisitions, and capital fund raising in a wide range of industry sectors across the United States, South America and Europe. Mr. Viard has been (June 2007-present) the president/chief executive officer of Viard Consulting Services. From approximately August 2006 through June 2007, Mr. Viard was the IT operations manager for Bare Escentuals where he was responsible for developing, coordinating multiple related projects in alignment with strategic and tactical company goals Mr. Viard was also a senior IT audit consultant for PricewaterhouseCoopers LLP.

From approximately December 2004 through August 2005, Mr. Viard was the chief executive officer and founder of Technology Mondial Inc., in Costa Rica. He was previously employed with OpenTV Inc, as IT manager; Thomas Weisel Partners LLC where he was an IT brokerage services manager; BancBoston Robertson Stephens & Co. where he was a senior system engineer, and Environmental Chemical Corporation where he was a technical analyst.

Mr. Viard holds a master in computer science, a BS in business management and administration,and an A/A in computer business administration and network.

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Contact

Morgan Creek Energy Corp.
Quorum
5050 Quorum Drive, Suite 700
Dallas, Texas 75254

Tel.: 214-722-6490
Fax.: 214-722-6499
email: info@morgancreekenergy.com

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FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Morgan Creek Energy Corp. current expectations about its future results, performance, prospects and opportunities. Morgan Creek Energy Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Morgan Creek Energy Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

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Disclaimer

1source4stocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Morgan Creek Energy Corp. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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