MONTREAL, QUEBEC, Oct 7, 2009 (Marketwire via COMTEX) -- Gastem (GMR) is pleased to announce that the Ross No. 1 well, a key component of Gastem USA's New York State Utica Shale Project, was successfully drilled in Otsego County. Total depth (4,950 feet) was reached and casing has been cemented to surface. Significant gas kicks were encountered at targeted intervals.
The Devonian Marcellus Shale, the Silurian Oneida sands and the Utica Shale were intersected and core samples have been taken to evaluate the potential of the three resources. A completion program, including fracture stimulation, focusing on the Utica Shale will commence shortly and should be completed by the end of this month. Gastem is operator of the project and has an 80% working interest in 35,000 acres in this area.
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