Junex

Welcome To The Junex HUB On AGORACOM Exploration of oil and gas in Quebec
Forest Oil
over 16 years ago
0
Re: Forest Oil
over 16 years ago
0
SP
over 16 years ago
0
Re: SP
over 16 years ago
0
Re: Forest Oil
over 16 years ago
0
in response to duncanmcl's message
1 well on Junex land

1 well on Gastem land

5.2 tcf resource calculation, 4.1 tcf for Forest, 9 to 13% to Junex (0.13 * 5 tcf)

3 horizontal wells to be drilled this year very important to project

I have read press release dated April 1, 2008 from Gastem, Questerre Energy, and Junex which give an erroneous impression that both wells are on Gastem land.  The Utica shale is uniform across 339,000  acres (269,000 net to Forest).  If the wells are spaced at 160 acres the total project will be 2000 wells for a a total capital expenditures of 4 to 8 billion dollars!
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Junex
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