Outside of Quebec
Junex’s block of licenses, which covers more than 2,200 acres, is situated on the edge of the Permian Basin in Schleicher County in West Texas. Towards the end of the third quarter, the operator of the project, Boaz Energy, provided Junex with a proposal for the drilling of additional wells on the property. On December the 5th, Junex announced an oil discovery in a well recently drilled on this property. During clean-up and swabbing operations following drilling, the well flowed at rates up to approximately 50 barrels of oil per hour over a 3 to 4 hour period out of the Strawn Lime interval. A pump was then installed and the well was tested at an average rate of approximately 32 barrels of oil per day over an 18 day period. Testing continues in the well.
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