FormCap Corporation, an emerging oil and gas exploration company, owes its potential to a closely knit team of professionals that have already assembled 4,800 acres of promising oil and gas mineral leases.

• Graham Douglas, President – An experienced executive, with 35 years of financial and operational management success in North American and international markets, Graham Douglas has been an early stage investor and has been key in raising funding for several companies in a variety of industries, including oil and gas exploration. In several instances, he has managed companies through transitional periods or difficult circumstances.

Since 1992, he has been active as a business consultant in the area of corporate restructurings, mergers and acquisitions, as well as corporate finance and public offerings. Earlier in his career, he served as the Chief Operating Officer of a large west coast Canadian transportation, warehousing, and sea terminal operation, overseeing the company’s restructuring and the eventual sale of its operating entities. He has also worked in the banking industry in corporate finance, and in the commercial/industrial real estate development and construction industry.

• Thomas Markham, Chief Geologist – Thomas Markham is a long-time professional geologist, specializing in evaluation and development of oil and gas plays in the mid-continental U.S. He has extensive geological experience in oil and gas exploration, having worked with ARCO, TENNECO, and BEPCO on a wide range of projects. He has been responsible for directing teams of geologists, and has managed annual budgets of up to $21 million.

He has successfully drilled and completed proprietary prospects of 88 oil and gas wells in Texas, New Mexico, and Oklahoma, and has been published in the American Gas Journal. He was invited on a technical tour of the former Soviet Union to review oil and gas assets, and has also been a guest speaker at the American Association of Petroleum Landman’s (AAPL) “Buying Oil and Gas Properties” seminar.

• Randall K. Boatright – Randall Boatright has extensive experience in the energy business, and was formerly EVP, CFO, and Director of Abraxas Petroleum Corporation (AMEX:ABP), as well as a Controller of a large private independent oil and gas company. He is also a CPA, and has worked with Coopers & Lybrand LLP, and also served as Interim President and CEO, CFO, and Director of Dexterity Surgical, Inc.

In addition to the above, FormCap Corporation uses MAC Advisory Services, a mini-cap advisory service with oil and gas expertise. The firm is headed by Mark Teinert and David Parker, with over 50 years of combined experience related to oil and gas finance, accounting, and capital equipment, as well as corporate finance, merchant banking, and management of development stage companies.

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