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Morgan Creek Energy Announces Operational Update.

Article Excerpt
DALLAS, Dec. 19 /PRNewswire-FirstCall/ -- Morgan Creek Energy Corp. (BULLETIN BOARD: MCRE) (Frankfurt, Berlin: M6C) (the "Company") provides the following update regarding the Company and its various project interests:

Reduction to Issued and Outstanding Shares: Morgan Creek Energy has recently cancelled 12,000,000 restricted shares in the capital of the Company. As a result, the issued and outstanding common shares of the Company as at the date of this new release is 29,814,905.

Dallas Operating Offices: The Company is establishing field operating offices located at 501 Second Avenue, Suite A500, Dallas Texas 75226, for geological and operational support.

Ouachita (Wash-A-Taw) gas and oil exploration program, Texas: As announced by the Company on November 2, 2006, the Company is presently staking and in process of permitting to drill a single well to twin the historical pre-1923 well drilled on the property sometime during January of 2007. The historical well drilled over 200 feet of natural gas and is within 1,000 feet of a gas pipeline. The new vertical well is expected to reach a depth of approximately 3,600 feet in order to test specific formations that management believes may contain significant gas. Depending on what is encountered when drilling, deeper test drilling of the same well bore may be considered. If proven successful, gas shows in the target formations would help validate the Company's present...