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Gastem Inc GTMIF

Energy Oil & Gas E&P
Gastem Inc is a Quebec-based oil and gas exploration and development company. Its main focus is to develop commercial production of the Utica Shale formations in Quebec and New York State as well as exploring the world-class potential conventional structures of the Magdalen Islands and the Magdalen Basin in Quebec. The company's operations include Yamaska Property, St Jean Block, Joly Property, US Appalachia, and the Gulf of St Lawrence.


GREY:GTMIF - Post by User

Gastem Inc
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Comment by maoaeon Apr 08, 2008 8:05pm
198 Views
Post# 14951046

RE: The real numbers

RE: The real numbersThe numbers are staggering 2TCF in the ground very hard to put a value but $2,000,000,000 at $2.00 an MCF (trading today around $10.00 an mcf). Do the numbers.

 What is the % of that 2TCF Gastem get?

SPI has 100% of 1.8 TCF and has a market cap of less than $38mm.

How do you explain that? SPI undervalued or Gastem overvalued? Are we seeing a Quebec gas shale bubble in the making?

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Dealroom for high-potential pre-IPO opportunities