Junex inc.

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During the third quarter, exploration operations consisted primarily of the implementation of drilling operations on the Gaspé Peninsula and a geophysical survey on Anticosti Island.  In parallel, evaluation efforts were completed on various projects in the St. Lawrence Lowlands and on the Gaspé Peninsula. In the St. Lawrence Lowlands, field operations consisted of the maintenance and monitoring of the well sites operated by Junex.

  • 14 December 2016 Galt Long-term oil production testing of Galt No. 4 Horizontal well continued over the third quarter and the cumulative oil recovered from production testing since the well was drilled, as of September 19th, stands at approximately 14,100 barrels, which firmly places Junex's Galt No. 4 Horizontal well as having the largest oil recovery ever seen in Quebec's history. The oil produced from the Galt... Read more >
  • 14 December 2016 Anticosti During the first quarter of 2014, the company had signed a Letter of Intent ("LOI") with Ressources Québec that could have led to an exploration program in two stages for a total maximum of $90 million funded entirely by RQ and a third partner from the industry to be identified. In return for their investment, Ressources Québec and the industry partner would have earned an 80% interest in a... Read more >
  • 14 December 2016 Silurian Basin, Gaspe Peninsula Baie des Chaleurs Project The positive results obtained on the Galt Project since 2012 prompted Junex to pursue various exploration projects on its other exploration permits on the Gaspé Peninsula. In 2014, surface geological field work was carried out on the southern Gaspé Peninsula to improve knowledge of the regional source rocks in order to better assess the Silurian-aged petroleum system. The same Source rock that... Read more >
  • 14 December 2016 Permian Basin, Texas Schleicher County Project Junex announced an oil discovery in a well recently drilled with partners on its properties in the Permian Basin in Schleicher County, West Texas. 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... Read more >