Project Profile
Location: 20 km from the town of Gaspé, eastern Quebec, Canada
Prospective Resources: 233.9 million barrels
Contingent Resources: 26.3 million barrels
Production Average: 240 b/d
Depth: 2,400 metres
The Galt Oil Discovery is located 20 km from the town of Gaspé in eastern Quebec. This discovery well was horizontally drilled from the existing Galt No. 4 Vertical wellbore to a total measured depth of 2,400 metres, of which 1,503 metres was drilled within the oil reservoir. Junex Inc. recorded a steady production rate of 161 barrels of oil per day during the final six days of its 14 day production test in its Galt No. 4 Horizontal well. This production rate of 161 BOPD was limited by the configuration of the surface oilfield pumping equipment at the well. A total volume of 2,017 barrels of light, sweet crude oil was produced during this production test in the first horizontal oil exploration well ever drilled by industry in Quebec. Junex holds a 70% interest in the Galt Oil Property, with Junex’s partner, Mr. Bernard Lemaire, holding the remaining 30% interest.
Operators:
Junex: Operator with 52.87% interest
Ressources Quebec: 17.13% interest
Other (Mr. Bernard Lemaire): 30% interest
Contractors:
Netherland, Sewell & Associates, Inc.: Reserves estimation studies to define Best Estimate of the total Oil-Initially-In-Place (OIIP) resources
Subcontractors: