UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
APRIL 30, 2008
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Date of Report (Date of earliest event reported)
MORGAN CREEK ENERGY CORP.
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(Exact name of registrant as specified in its charter)
NEVADA 0-25455 201777817
____________________________ ________________________ ___________________
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
5050 QUORUM DRIVE, SUITE 700
DALLAS, TEXAS 75254
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(Address of principal executive offices) (Zip Code)
(214) 321-0603
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Registrant's telephone number, including area code
N/A
_____________________________________________________________
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
SECTION 5. CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS
Effective on April 30, 2008, the Board of Directors (the "Board") of Morgan
Creek Energy Corp., a Nevada corporation (the "Company"), accepted the
resignation of Marcus M. Johnson as the President/Chief Executive Officer. Mr.
Marcus remains as a member of the Board of Directors of the Company. On the same
date, the Board of Directors accepted the consent of David Urquhart to act as
the President/Chief Executive Officer and as a member of the Board of Directors.
BIOGRAPHY
DAVID URQUHART, PENG. has thirty-five years of operational, engineering,
management and executive experience in al facets of the equipment fabrication
and hydrocarbon industries. Mr. Urquhart's experience involves production
operations, drilling and completion operations, exploration and exploitation
operations, plant and facility design and construction, process equipment
fabrication, product marketing, project economics, preparation of operating
budgets and acquisitions and divestitures. Mr. Urquhart has designed and applied
programmable systems technology for business analysis and reporting outcomes for
IMB Systems, Microsoft Word, Microsoft Excel, Visio and Lotus Notes. He has also
had extensive national and international exposure in business development,
facility construction and project management, including marketing and sales in
Eastern Europe, the Middle East, the Orient and Africa.
From 1991 to present, Mr. Urquhart is the founder and principal of Westhampton
Ltd., a company specializing in project management and market development. Mr.
Urquhart provides contract operations expertise and project management services
to various companies and organizations seeking to establish themselves in
unfamiliar or offshore environments. These assignments often included the
delivery of new technologies directed at solving modern day production and
process problems. Some of the projects undertaken were delivered through
contracts with Cal-Bow Industries, an offshore associate company focused
primarily on the oil and gas industry markets of Russia, North Africa and the
Middle East.
From 2007 through 2008, Mr. Urquhart contracted with Geneva Resources Inc.
pursuant to which he was responsible for due diligence investigationon the
potential associated with two large lease blocks controlled by Allied Minerals
Ltd. in Plateau State, Nigeria. From 2005 through 2007, Mr. Urquhart contracted
with Mart Resources Inc. to provide design and procurements services on for
production facilities and pipelines in the three Nigerian joint venture projects
being undertaken by Mart. His responsibilitites also included overseeing the
day-to-day operations of the company in Nigeria. He was subsequently appointed
chief operating officer and elected to the board of directors of Allied Minerals
Ltd. From 2003 through 2005, Mr. Urquhart contracted with KC WEllsite Services
as the engineering director. He provided drilling programs, casing design, well
license applications, rig selection recommendations, site construction advice,
third party services selection, cement design, well log interpretation and
operations management to company clients. Mr. Urquhart also developed a joint
design initiative for an Internet site that would provide historical well
drilling graphs and drilling program design formats to the independent oil and
gas operators in Western Canada. From 2002 through 2003, Mr. Urquhart contracted
with TESCO Corporation to develop a deep-well water drilling joint venture
initiative for TESCO in the Sahara Desert Region of Algeria, Tunisia and Libya
utilizing the company's unique casing drilling technology. During the same
period, he also acted as an advisor to Mohamed Djoua, Director of Drilling for
Sanatrach SpA, Algeria's national oil company, in the use of horizontal drilling
techniques suited to the optimization of deep sandstone formations.
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Prior to founding his own company, Mr. Urquhart served as Vice President, Energy
Group for Finex Capital Corporation of Calgary, Alberta.Finex was a Calgary
based merchant banking entity owned by First City Trust, and charged with the
management of an extensive investment portfolio in both energy and commercial
real estate assets.He also served as the senior officer in the establishment of
all Finex owned and operated oil and gas service companies, as well as being
responsible for providing operational management to all Finex oil and gas
production related subsidiary operations.
From the 1960s until 1983, Mr. Urquhart was employed in a variety of successive
senior management positions, primarily in charge of drilling and production
operations for established petroleum development and production companies. The
list of firms includes Petroleum Technologies of Wichita, Kansas (1983 - 1987),
Hexagon Gas Limited of Calgary, Alberta (1977 - 1983) and Suncor Inc. of
Calgary, Alberta (1968 - 1977).
Mr. Urguhart graduated from Dalhousie University in Haifax, Nova Scotia with a
Bachelor of Science majoring in mathematics and minoring in engineering. He also
earned a Bachelor of Engineering from Nova Scotia Technical College. Mr.
Urguhart is affiliated with the Association of Professional Engineers,
Geologists and Geophysicistgs of Alberta, the Canadian Institute of Mining and
Metallurgy - Petroleum Society, the American Society of Petroleum Engineers, and
the Associationof Drilling Engineers. Mr. Urquhart is also a member of the
directors of Mainland Resources Inc., a publicly traded company.
EXECUTIVE SERVICE AGREEMENT
On April 30, 2008, the Company entered into an executive service agreement with
Westhampton Ltd., an Alberta corporation ("Westhampton") and David Urquhart (the
"Executive Agreement"). In accordance with the terms and provisions of the
Executive Agreement, Mr. Urquhart through Westhampton will provide to the
Company such services as required relating to his executive position as the
President and Chief Executive Officer of the Company. In accordance with the
further terms and provisions of the Executive Agreement, the Company shall pay
to Westhampton a monthly fee of $10,000.00 and will grant to Mr. Urquhart
500,000 stock options exercisable at $1.00 per share for a ten year period. The
Executive Agreement may be terminated by either party upon thirty days notice.
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.
Not applicable.
(b) PRO FORMA FINANCIAL INFORMATION.
Not applicable.
(c) SHELL COMPANY TRANSACTION.
Not applicable.
(d) EXHIBITS.
Exhibit No. Description
10.1 Executive Service Agreement dated April 30, 2008 between
Morgan Creek Energy Corp. and Westhampton Ltd. and David
Urquhart
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MORGAN CREEK ENERGY CORP.
DATE: May 2, 2008. /s/ DAVID URQUHART
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Name: David Urquhart
Title: President/Chief Executive Officer
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