Junex

Gaspésie

The basin of Gaspésie covers an area of more than 300,000 hectares. Junex holds 669,235 hectares (1,653,716 acres) under exploration licences in this sedimentary basin.

This region’s geology offers many conventional and unconventional exploration targets, the most well-known being the sandstone of Forillon. Following the production of the Galt gas deposit, Junex continued the sector’s exploration and discovered an important accumulation of oil. According to Netherland, Sewell and Associates, net recoverable prospective gas resources on the Galt licence would be of 13.8 million barrels. The Galt project presently covers an area of 21,935 hectares (52,868 acres).

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In addition to the Galt project, several other regions of Gaspésie show good oil potential. Junex is actively exploring certain sectors such as:

• Reefy silurian limestone and sandstone of the Baie des Chaleurs;
• Cambro-Ordovician carbonates and limestone of the Taconic Front;
• Participation in the development of the Haldimand oil discovery.

Important elements of this work will determine the sequence’s variations in thickness, TOC content, thermal maturity and mineralogical properties.

Anticosti

Anticosti island covers 800,000 hectares. Junex’s project covers an area of 94,403 hectares (233,275 acres) stretching on 5 exploration licences, bordering the south side of the island.

According to Junex’s mapping, these licences are located in an area very favourable to oil exploration. The South Anticosti sector, located below the Jupiter fault is the most favourable for hydrocarbon accumulation in the different identified reservoirs.

The potential units are:

• MacAsty Shales (equivalent to the Utica);
• Dolomite sandstone of the Mingan Group (equivalent to theBlack-River/Chazy);
• Dolomites of the Romaine Group (equivalent to Beekmantown);
• Sandstone of the Vauréal formation.