MCKE - MORGAN CREEK ENERGY CORP

Morgan Creek Energy Corp. was incorporated under the laws of the State of Nevada on October 19, 2004 and has been engaged in the business of exploration of oil and gas bearing properties in the United States since its inception. The Company is a natural resource exploration and production company currently engaged in the exploration, acquisition and development of oil and gas properties in the United States and within North America. The primary activity and focus of the Company is its leases in Texas (Quachita Prospect). The Company operates in a highly competitive industry, competing with major oil and gas companies, independent producers and institutional and individual investors, which are actively seeking oil and gas properties throughout the world together with the equipment, labor and materials required to operate properties. The production and sale of oil and gas are subject to various federal, state and local governmental regulations, which might be changed from time to time in response to economic or political conditions and could have a significant impact upon overall operations.

Morgan Creek Energy Corp. Moves Into Drilling Phase With a Now Increased 70% Majority Working Interest in the North Fork 3-D Prospect

http://finance.yahoo.com/news/Morgan....html?x=0&.v=1

DALLAS, Dec. 4 /PRNewswire-FirstCall/ -- Morgan Creek Energy Corp. ("The Company") ("Morgan Creek") (OTC Bulletin Board: MCKE; M6C1-Frankfurt) has received an AFE (Authorization For Expenditure) prepared by Castelli Exploration, Inc. for the drilling and completion costs on its test well on Section 19 of the North Fork 3-D Prospect in Beaver County, Oklahoma.

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Symbol Price Change
MCKE.OB 0.65 0.00


{"s" : "mcke.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} According to an Amended Agreement signed on December 1, 2009 between Morgan Creek and Bonanza Resources ("Bonanza"), Morgan Creek has an option to acquire a 70% working interest of Bonanza's 85% working interest (a 59.50% net working interest) in the Prospect, up to October 28, 2010. Morgan Creek also has an exclusive right to drill and complete one well on the prospect to earn its 70% working interest in the entire 5,600-acre prospect.

Under the proposed AFE, the projected dry hole and completion expenditures are approximately US $950,000. The AFE is derived from detailed drilling information to target Morrow A and B Sands at approximately 8,700 feet.

Morgan Creek Energy is intending to drill this well in order to prove targets in the Morrow A and B Sands, which have been shown to produce between 300 and 500 barrels of oil per day in this area. In order to develop this target, Morgan Creek and its consultants have used sophisticated 3-D Seismic imaging together with skilled interpretation of the new seismic imaging. Over US $900,000 has been spent on the seismic groundwork used to validate this prospect, and a total of US $1.5 million has been spent on the prospect to date, including acquisition costs.

About Morgan Creek Energy Corp.:

Morgan Creek Energy Corp. is a natural resource exploration company engaged in the acquisition and development of strategic oil and natural gas properties. For further information see: www.morgancreekenergy.com

Morgan Creek Energy Corp. Arranges $2 MM Financing; Adds Participation Partners to Develop North Fork 3-D Prospect

http://finance.yahoo.com/news/Morgan....html?x=0&.v=1

DALLAS, Dec. 8 /PRNewswire-FirstCall/ -- Morgan Creek Energy Corp. ("The Company") ("Morgan Creek") (OTC Bulletin Board: MCKE; M6C1-Frankfurt) has arranged a Private Placement financing and will add two participating partners (the "Partners") to jointly develop the North Fork 3-D Prospect in Beaver County, Oklahoma.






Morgan Creek Energy has arranged up to a $2 million dollar financing on a Private Placement basis at the offering price of $.50 cents per unit with each unit being comprised of one common share and one-half warrant. Each full warrant is exercisable to purchase a further share at $1.00 per share for one year.






In a separate arrangement, the Company has agreed in principle, to enter into a participation arrangement with the Partners, to jointly develop the North Fork 3-D Prospect to earn its 70% majority working interest in the Prospect as follows:






Well No.
Morgan Creek Interest
Partners' Interest

1
33.3%
66.7%

2
66%
34%

3
80%
20%

4
90%
10%

All Subsequent wells:
95%
5%











Morgan Creek Energy is intending to drill a test well in order to prove targets in the Morrow A and B Sands, which have been shown to produce between 300 and 500 barrels of oil per day in this area. According to an Amended Agreement signed on December 1, 2009 between Morgan Creek and Bonanza Resources ("Bonanza"), Morgan Creek has an option to acquire a 70% working interest of Bonanza's 85% working interest (a 59.50% net working interest) in the Prospect, up to October 28, 2010.






Morgan Creek also has an exclusive right to drill and complete one well on the prospect to earn its 70% working interest in the entire 5,600-acre prospect.






About Morgan Creek Energy Corp.:



Morgan Creek Energy Corp. is a natural resource exploration company engaged in the acquisition and development of strategic oil and natural gas properties. For further information see: www.morgancreekenergy.com

Morgan Creek Energy Corp. Appoints John Clayton Weldy Jr. to the Board of Directors

http://www.nasdaq.com/aspx/company-n...d-of-directors

DALLAS, Dec. 10 /PRNewswire-FirstCall/ -- The management of Morgan Creek Energy Corp. ("The Company") ("Morgan Creek") (OTC Bulletin Board: MCKE; M6C1-Frankfurt) has accepted the appointment of John Clayton Weldy Jr., BS Petroleum Engr, BS Mechanical Engr, M.S Environmental Engr, as a Board Director effective December 08, 2009.


Mr. Weldy is a highly knowledgeable petroleum engineer with over 18 years of international and domestic experience as a petroleum, mechanical and environmental engineer. Additionally, he has specialized knowledge extending from personal management in well completions, operations and production engineering.


He has over 15 years experience in open-hole completions. He completed the first horizontal open-hole completion for Texaco in unconsolidated sandstone using synthetic based mud in 1993, winning the Highest Innovation award from Texaco for design work in the completion of the 1993 horizontal open hole completion.


Mr. Weldy also has over 16 years of extensive sand control experience. Completion types range from cased and gravel packed (high rate water packs, circulating packs and squeeze packs) to cased hole frac and pack, to open hole sand control. He has extensive experience and knowledge of drilling and completion fluids and was the completion engineering lead at Shell for extensive lab tests of conventional and reversible synthetic based drill in fluids and solids free synthetic based pills for a GOM water injector project.


Mr. Weldy Jr. is currently Senior Completion Engineer at Eni Petroleum, New Orleans, LA, and has worked in senior management and as head of varying operations for Sandridge Energy of Oklahoma City (2008-2009), Deep Water Subsea Completions Engineer at Shell International and Exploration Company of New Orleans, Louisiana (2005-2008), VP Operations at Petroreal of America, Inc., in New Orleans, Louisiana (2004-2005) and as a self-employed consultant to a variety of companies preparing remedial and work over procedures, along with cost-estimates for existing oil and gas wells.


Prior to his senior-level management role, Mr. Weldy held the positions of Production Manager for Century Exploration, Inc. of Metairie, Louisiana (2001-2002); Senior Petroleum Engineer with Watson Energy, LLC. Of Mandeville, Louisiana (2000-2001), and Operations Engineer for Operation Services, Inc. of Lafayette, Louisiana (2000).


He is the co-author of an industry white paper, "Best Completion Practices", SPE paper #52810. John Clayton Weldy Jr. holds a Master of Science Degree in Environmental Engineering from Tulane University, a Bachelor of Science Degree in Mechanical Engineering from the University of Alabama and a Bachelor of Science Degree in Petroleum Engineering from the University of Alabama.


About Morgan Creek Energy Corp.:

Morgan Creek Energy Corp. is a natural resource exploration company engaged in the acquisition and development of strategic oil and natural gas properties. For further information see: www.morgancreekenergy.com