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Force Energy Corp. (FORC): Stock Quote & Company Profile - Details:

Force Energy Corp., a development stage company, engages in identifying, evaluating, investing in, and qualifying natural gas and oil wells. The company was founded in 2006. It was formerly known as Nuance Resources Corp. and changed its name to Force Energy Corp. in February 2008. Force Energy Corp. is based in Vancouver, Canada.
May 16, 2008 11:22 AM ET

Force Energy Corp.

(FORC:OTC BB)

LAST $2.32 USD
CHANGE TODAY +0.03 1.31%
VOLUME 147.2K
FORC On Other Exchanges
As of 11:06 AM 05/16/08 All times are local (Market data by Reuters is delayed by at least 15 minutes).
OPEN
$2.32
PREVIOUS CLOSE
$2.29
DAY HIGH
$2.34
DAY LOW
$2.29
52 WEEK HIGH
05/16/08 - $2.34
52 WEEK LOW
03/17/08 - $0.65
MARKET CAP
103.7M
AVERAGE VOLUME 3 mo
180.1K
DILUTED EPS TTM
--
SHARES OUTSTANDING
44.7M
FORC Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

FORC Details

2 Employees
Founded in 2006
  Latest 10-K
  Latest 10-Q
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Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

Key developments

Force Energy Corp. Announces Board Changes

Force Energy Corp. appointed Leon J. Hinton and Robert B. Perry to the Company´s Board of Advisors. Both Leon and Robert are accomplished in their respective fields and bring a wealth of knowledge and experience to the Force team. Mr. Hinton is currently a partner and vice president of Cornerstone Natural Resources LLC. Mr. Perry has been working as a sole practitioner who specializes in Tax and is Board Certified in Tax Law by the Texas Board of Specialization.

Force Energy Corp. Announces Intent to Drill Wyoming´s Dripping Rock

Force Energy Corp. announced the intent to develop the Dripping Rock Prospect. Force has entered into an LOI (Letter of Intent) with Desert Mining Inc. to farmout the Dripping Rock Prospect located in Sweetwater County Wyoming: 6th Principal Meridian, Range 94W, Township 14N, Section 6 to the Company. Under the terms of the agreement Force shall pay its share of the lease costs of $363,000 and dry hole costs of $2,000,000 by July 15, 2008 for 75% WI (Working Interest). Upon Completion through tanks, on the earning well, Force shall earn an assignment on the entire lease and all working interest parties shall pay their pro-rata share of any additional wells drilled on the lease. Total A.F.E. (Authority for Expenditure) for the earning well is estimated at $3,634,864 and all adjustments to the A.F.E. shall be credited back to the Farmee.

Rahim Rayani, President and Chief Executive Officer of Force Energy Corp acquired 21.48% stake in Force Energy Corp. (OTCBB: FORC) from James D. Bunney for $0.14 million.

Rahim Rayani, President and Chief Executive Officer of Force Energy Corp acquired 21.48% stake in Force Energy Corp. (OTCBB: FORC) from James D. Bunney for $0.14 million in cash on March 12, 2008. As part of the consideration, Rahim Rayani acquired 9.6 million shares. James Bunney will resign as director of Force Energy. Rahim Rayani will form the Board of Directors. Rahim Rayani completed the acquisition of 21.48% stake in Force Energy Corp. from James D. Bunney on March 12, 2008.

FORC, chart, Force Energy Corp. (FORC): Stock Quote & Company Profile - BusinessWeek

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FORC $2.32 USD +0.03

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Valuation FORC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 1,089.4x
Price/Cash Flow NM Not Meaningful
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