# BHCC PROVIDES UPDATE ON SUBSIDIARY MOONCOR ENERGY INC Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/bhcc-provides-update-on-subsidiary-mooncor-energy-inc--08b5ead1-f20b-481e-98fd-a4791e338eac Original source: https://webfiles-primary.thecse.com/news_releases/en/4269/76805286-0c8d-4bdc-a255-506e696b1070 Publisher: cse Original announcement: 2026-10-01T18:09:27.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T18:34:39.137Z Atlas analysis updated: 2026-10-01T18:34:39.137Z - Company: Blue Horizon Global Capital Corp. - Ticker: BHCC - Exchange: CSE - Region: Alberta - Primary commodity: Oil - Secondary commodities: None reported - Document categories: Resource update, Permitting - Extracted: 2026-10-01 18:34:39 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary Blue Horizon's subsidiary, Mooncor Energy, has released an independent reserve report confirming 47,170 barrels of heavy oil reserves in Alberta. Additionally, the Alberta Energy Regulator has granted Mooncor's request for a regulatory appeal regarding a previous abandonment order, providing a path to seek variances for compliance. Reasoning: The document provides a dual update: a new reserve evaluation confirming asset value and a positive regulatory milestone regarding an abandonment order, though both are contingent on future financing. - Positive factor: Successful regulatory appeal request granted by AER - Positive factor: Independent reserve report confirms tangible asset value - Positive factor: Clear path to production via planned workover - Negative factor: Requirement for securing financing to execute workover - Negative factor: History of regulatory non-compliance and abandonment order Facts used in scoring: 2 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides a new reserve report from MKM Engineering. Evidence · text > Mooncor commissioned MKM Engineering \("MKM"\), an independent qualified person reserves evaluator, to prepare a reserve report **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: MKM Engineering is identified as an independent qualified reserves evaluator. Evidence · text > Mooncor commissioned MKM Engineering \("MKM"\), an independent qualified reserves evaluator ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/bhcc-provides-update-on-subsidiary-mooncor-energy-inc--08b5ead1-f20b-481e-98fd-a4791e338eac#fact-resource-facts-0) Lloydminster heavy oil assets · oil #### Identity - Project: Lloydminster heavy oil assets - Commodity: oil - Region: canada\_ab - Reported Region: Alberta - Ticker: BHCC #### Resource scope - Estimate type: resource - Reporting standards: other - QP Signed: Yes - Qualified person names: MKM Engineering - Resource group id: resource:7a4f950ce769d3c5e1f0 - Deposit or zone: Lloydminster heavy oil field - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: proven - Contained Metal: 47170 - Contained Unit: barrels #### Prior Estimate - Resource Date: 2026-08-01 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-01T00:00:00.000Z Reasoning: Proved reserves confirmed by independent report. - Positive factor: Confirmed by independent evaluator MKM Engineering Evidence · text > Total Proved + Probable Reserves: 47,170 barrels of heavy oil. #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/bhcc-provides-update-on-subsidiary-mooncor-energy-inc--08b5ead1-f20b-481e-98fd-a4791e338eac#fact-resource-facts-1) Lloydminster heavy oil assets · oil #### Identity - Project: Lloydminster heavy oil assets - Commodity: oil - Region: canada\_ab - Reported Region: Alberta - Ticker: BHCC #### Resource scope - Estimate type: resource - Reporting standards: other - QP Signed: Yes - Qualified person names: MKM Engineering - Resource group id: resource:4c4751e2f3baa20726d3 - Deposit or zone: Lloydminster heavy oil field - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: probable - Contained Metal: 47170 - Contained Unit: barrels #### Prior Estimate - Resource Date: 2026-08-01 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-01T00:00:00.000Z Reasoning: Probable reserves confirmed by independent report. - Positive factor: Confirmed by independent evaluator MKM Engineering Evidence · text > Total Proved + Probable Reserves: 47,170 barrels of heavy oil. #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.