JNX, GMR, QECSeems like the who's who of Quebec O&G is involved
Under this agreement, Junex has waived its back-in right as well asits right of first refusal in the exploration licenses comprising theGastonguay and Gaspe properties (6,334 km2) held by Petrolia. For itspart, Petrolia has waived its right of first refusal in the explorationlicenses held by Junex in the Baie-des-Chaleurs and in the TaconicFront in the Gaspe region.
In counterpart, Petrolia and Junexbecame 50%-50% co-venturers in a block of licenses covering a corridorof about 291 km2 located between the Galt property and thePetrolia-Haldimand discovery well. Junex will be the operator in thisarea. Petrolia has granted to Junex a 0.5% to 2.5% royalty on theeventual production of hydrocarbons from the Gastonguay and Gaspeproperties. Junex still owns 9.4% of the issued and outstanding commonshares of Petrolia.
Man... Does our little PEA have allot of Land
Looks like Institutional is starting to buy into QEC. Lets see how long it will take for them to notice PEA