Our neighbors in Canada (Junex) have recently released an update and have increased its Prospective Original Gas-in-Place Volumes and Potentially Recoverable Prospective Gas Resources for its St. Lawrence Lowlands Permits ~ the sooner we start drilling the better.
Junex Inc. is pleased to announce that Netherland, Sewell & Associates, Inc., an independent petroleum consulting firm based in Texas, has provided their "Best Estimate" of the prospective original gas in place ("OGIP") volumes for the Utica Shale on Junex?s Orleans Permits in the St. Lawrence Lowlands at 5.58 Trillion Cubic Feet ("TCF"). When combined with the 48.34 TCF of prospective OGIP volumes for the Utica Shale for most of Junex's permits in the St. Lawrence Lowlands as previously announced by Junex on April 19, 2010, the revised total volumes for most of Junex's Utica Shale permits now stand at 53.92 TCF.
MPO Price at posting:
$1.08 Sentiment: ST Buy Disclosure: Held
