Junex Inc
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| - | Here is where some info about '''Junex Inc.''' | ||
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| Quebec City, Quebec-based Junex Inc. (TSXV: JNX) is a Canadian junior gas exploration company holding rights to more than 6 million acres of land located in the Appalachian basin in the Province of Quebec. | Quebec City, Quebec-based Junex Inc. (TSXV: JNX) is a Canadian junior gas exploration company holding rights to more than 6 million acres of land located in the Appalachian basin in the Province of Quebec. | ||
| - | The company focuses on the [[Lorraine shale|Lorraine]] and [[Utica shale]] formations and the potential for the [[Trenton-Black River]] formation. Junex's leases are primarily in the [[Saint Lawrence Lowlands]]. | + | The company focuses on the [[Lorraine shale|Lorraine]] and [[Utica shale]] formations and the potential for the [[Trenton-Black River]] (TBR) formation. Junex's leases are primarily in the [[Saint Lawrence Lowlands]]. |
| - | It is part of a joint ventrue to develop the St. Lawrence Lowlands with [[Forest Oil Corporation|Forest Oil]] and [[Gastem]]. It also owns almost 8% of the common stock of [[Petrolia]] and 1% of [[Gastem]]. | + | It is part of a joint venture (JV) to develop the St. Lawrence Lowlands with [[Forest Oil Corporation|Forest Oil]] and [[Gastem]]. It also owns almost 8% of the common stock of [[Petrolia]] and 1% of [[Gastem]]. More information about the JV can be found on the [[Forest Oil Corporation|Forest Oil wiki page]]. |
| - | According to a June, 2009 report Junex is participating in a complex farm out agreement with [[Candaian Quantum Energy|Fairlady Energy]] over the 54,363 acre Lowland's Nicolet Permit (#2002RS056). Under the agreement, Junex had the right to earn up to a 50% working interest in the property by drilling, coring and logging two earning wells to the base of the Utica shale prior to the end of 2009. The first of these wells, St-Gregoire No.3, had already been drilled to a depth of 875 meters. Core samples retrieved during the drilling of the well identified the presence of gas. A fourteen mile [[seismic testing|seismic survey]] has recently been completed, and the results were to be used to help select a site for the second well there. The second well was planned go 1600 meters deep with a 36 meter Utica shale core sample cut. | + | According to a June, 2009 report Junex was participating in a complex farm out agreement with [[Canadian Quantum Energy|Fairlady Energy]] over the 54,363 acre Lowland's Nicolet Permit (#2002RS056). Under the agreement, Junex had the right to earn up to a 50% working interest in the property by drilling, coring and logging two earning wells to the base of the Utica shale prior to the end of 2009. The first of these wells, ''St-Gregoire #3'', had already been drilled to a depth of 2,871 feet. Core samples retrieved during the drilling of the well identified the presence of gas. |
| + | It had targeted the Lorraine and Utica shale formations on the upthrown side of the Yamaska Fault. | ||
| - | * Mr. Jean-Yves Lavoie is the company's President and CEO. | + | The June report continued that an 8.7 mile [[seismic testing|seismic survey]] had been recently completed. The results were to be used to help select a site for a second well on the Nicolet property. The second one was planned to go 5,250 feet deep with a 118 foot Utica shale core sample cut. The seismic was to be used for positioning this well on the Yamaska Fault Zone's downthrown side. |
| + | '''''Update''''': A November, 2009 press release from Junex announced that the company had earned its 50% working interest in the Nicolet Permit by drilling the ''St-Gregoire #2'' This is the aforementioned second well drilled to the base of the Utica shale formation. It had been drilled to a depth of 5,311 feet and 140 feet of Utica shale cores cut. These had been saved and sent on to ''CBM Solutions'' for lab analysis. Subsequently, the analysis provided demonstrated positive indicators for natural gas in both Lorraine and Utica shale cores. The positive readings on both wells reinforces the presence of gas in both the deeper ''and'' shallower parts of the permit. | ||
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| + | Junex was again in the news in late November, 2009 when it contracted with [[GASFRAC Energy Services Inc]] to conduct the first ''propane'' [LPG] [[Hydro-fracturing|frac]] ever completed in eastern Canada for its ''Augustin-de-Desmaures #1'' Utica shale well. The frac was conducted between a depth of 1,432 and 1,553 feet which is very shallow by all previous standards in Quebec. | ||
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| + | A March, 2010 Junex press release announced that during the year the company planned to drill two test wells on the ''Lyster Property'' in the [[Saint Lawrence Lowlands|St. Lawrence Lowlands]] where it holds a permit for 108,360 acres. The purpose was to core the wells, and evaluate the gas potential in this overthrust zone, from Utica shale as well as TBR. The top of the TBR was at a depth of 5,906 feet. The Junex permit was located approximately 9.3 miles from the very prolific St. Edouard #1A horizontal well recently drilled by [[Questerre Energy Corporation|Questerre Energy]]. Junex believed the area being explored may be part of the same trend in which the St. Edouard well lies. Two older wells drilled near the property indicated that the Utica shale was almost 3,300 feet thick. The company also had extensive [[Seismic data|seismic data]] covering this area. The first of the two wells was set to drill when weather conditions improved in spring. | ||
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| + | In April, 2010 the company announced that it and its 50%-partner in the Nicolet Permit, [[Canadian Quantum Energy]] (formerly ''Fairlady Energy''), were in the process of acquiring 2-d [[seismic data|seismic]] for 150 sq. km. of the property. | ||
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| + | * Jean-Yves Lavoie is the company's President and CEO. | ||
| * André Caillé, one-time head of ''Hydro-Québec'', is a senior advisor to Junex. | * André Caillé, one-time head of ''Hydro-Québec'', is a senior advisor to Junex. | ||
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| + | [[Category:E&P Companies]] | ||
| + | [[Category:Active]] [[Category:Public]] [[Category:Listed-TSX Venture]] [[Category: Canada]] [[Category:Quebec]] [[Category:St. Lawrence Lowlands]] [[Category:Utica shale]] [[Category:Trenton-Black River]] [[Category:1,000,000 or more acres]] | ||
Current revision
Quebec City, Quebec-based Junex Inc. (TSXV: JNX) is a Canadian junior gas exploration company holding rights to more than 6 million acres of land located in the Appalachian basin in the Province of Quebec.
The company focuses on the Lorraine and Utica shale formations and the potential for the Trenton-Black River (TBR) formation. Junex's leases are primarily in the Saint Lawrence Lowlands.
It is part of a joint venture (JV) to develop the St. Lawrence Lowlands with Forest Oil and Gastem. It also owns almost 8% of the common stock of Petrolia and 1% of Gastem. More information about the JV can be found on the Forest Oil wiki page.
According to a June, 2009 report Junex was participating in a complex farm out agreement with Fairlady Energy over the 54,363 acre Lowland's Nicolet Permit (#2002RS056). Under the agreement, Junex had the right to earn up to a 50% working interest in the property by drilling, coring and logging two earning wells to the base of the Utica shale prior to the end of 2009. The first of these wells, St-Gregoire #3, had already been drilled to a depth of 2,871 feet. Core samples retrieved during the drilling of the well identified the presence of gas. It had targeted the Lorraine and Utica shale formations on the upthrown side of the Yamaska Fault.
The June report continued that an 8.7 mile seismic survey had been recently completed. The results were to be used to help select a site for a second well on the Nicolet property. The second one was planned to go 5,250 feet deep with a 118 foot Utica shale core sample cut. The seismic was to be used for positioning this well on the Yamaska Fault Zone's downthrown side.
Update: A November, 2009 press release from Junex announced that the company had earned its 50% working interest in the Nicolet Permit by drilling the St-Gregoire #2 This is the aforementioned second well drilled to the base of the Utica shale formation. It had been drilled to a depth of 5,311 feet and 140 feet of Utica shale cores cut. These had been saved and sent on to CBM Solutions for lab analysis. Subsequently, the analysis provided demonstrated positive indicators for natural gas in both Lorraine and Utica shale cores. The positive readings on both wells reinforces the presence of gas in both the deeper and shallower parts of the permit.
Junex was again in the news in late November, 2009 when it contracted with GASFRAC Energy Services Inc to conduct the first propane [LPG] frac ever completed in eastern Canada for its Augustin-de-Desmaures #1 Utica shale well. The frac was conducted between a depth of 1,432 and 1,553 feet which is very shallow by all previous standards in Quebec.
A March, 2010 Junex press release announced that during the year the company planned to drill two test wells on the Lyster Property in the St. Lawrence Lowlands where it holds a permit for 108,360 acres. The purpose was to core the wells, and evaluate the gas potential in this overthrust zone, from Utica shale as well as TBR. The top of the TBR was at a depth of 5,906 feet. The Junex permit was located approximately 9.3 miles from the very prolific St. Edouard #1A horizontal well recently drilled by Questerre Energy. Junex believed the area being explored may be part of the same trend in which the St. Edouard well lies. Two older wells drilled near the property indicated that the Utica shale was almost 3,300 feet thick. The company also had extensive seismic data covering this area. The first of the two wells was set to drill when weather conditions improved in spring.
In April, 2010 the company announced that it and its 50%-partner in the Nicolet Permit, Canadian Quantum Energy (formerly Fairlady Energy), were in the process of acquiring 2-d seismic for 150 sq. km. of the property.
- Jean-Yves Lavoie is the company's President and CEO.
- André Caillé, one-time head of Hydro-Québec, is a senior advisor to Junex.
