On March 16, 2011, the Company signed a Farm-Out Agreement for oil and gas exploration in the Peco Area of Alberta. The Farm-Out Agreement between FormCap Corp. and a private Alberta Corporation is comprised of a Seismic Option, a Farm-Out and a Participation clause. The Agreement stipulated a commencement date for the shooting of a 3D seismic program on the Farm-Out Lands not later than June 1, 2011 and a Commencement Date of November 1, 2011 for spudding and continuous drilling of a Test Well.

Due to conditions in the oil and gas industry these dates were amended to October 1, 2011 for commencement of seismic program and February 1, 2012 for the spudding of a Test Well. The Agreement provides FormCap 60 days following completion of the seismic program to elect to drill the Test Well. Upon completion of the Test Well FormCap shall have earned a 40% working interest in the well subject to a 10% Gross Overiding Royalty payable to the Farmor. The Farmor may elect to convert the Gross Overiding Royalty to a 50% interest in FormCap’s working interest ( ie: a 20% working interest).

On January 5, 2012 the Registrant appointed Mr. Jim Kootnekoff as a director of the company.

Mr. Kootnekoff is the Founder and President and CEO of SecuSolutions LTD. SecuSolutions Ltd is an IT Security Consultancy and Product Development Company based in Calgary Canada with a sub office located in Tokyo Japan. Mr. Kootnekoff has worked in the IT security industry for the past 13 years with a total of 7 years based in Tokyo. He has worked both as an independent contractor in North America, and as the founder and CEO of a top tier security consulting firm based in Tokyo Japan.

While in Japan, and as CEO, Mr. Kootnekoff led the business development and marketing of several ground breaking products and services in the Japanese security industry. Mr. Kootnekoff also provided high level security consulting, products and security education to some of the largest corporations in Japan including the local and federal government.

Over the past 13 years Mr. Kootnekoff, has given countless speeches on the topic of security throughout Japan, China and abroad at both private and public venues. He has spoken on various topics of security such as Cyber Terrorism, Cyber Crime, Risk Management, Spyware, Malware and Phishing.

He has worked closely with Symantec Japan, IBM Japan and other Japanese based security companies to help spread awareness of security issues and challenges facing private and public companies in Japan and around the world.

Mr. Kootnekoff brings a network of security experts consisting of some of the most elite individuals in the industry to his company SecuSolutions Ltd.