Petrolympic Ltd V.PCQ

Alternate Symbol(s): PCQRF

Energy Oil & Gas E&P

Petrolympic Ltd. is a Canada-based gold and lithium mining company. The Company is focused on its lithium exploration assets in the James Bay region, Basserode and Fourniere in Abitibi region as well as its gold exploration assets at Vauquelin and Rayon d’Or in the Val d’Or region, all in the Province of Quebec, Canada. The Li-1 and Li-2 Properties are in the James Bay - Eeyou Itschee area, approximately 125 kilometers (km) north of the town of Chibougamau. The Basserode and Fourniere Lithium Properties are in the Abitibi-Temiscamingue region, southwest of the Val d’Or mining camp, Quebec. Belcourt Property consists of 125 claims distributed in four blocks (Belcourt North, South, Central and West blocks), all proximal to one another and covering a total of 5,479 hectares. Its Rayon d’Or and Vauquelin Gold Properties are located within a gold mining camp in Northwestern Quebec. The Company also owns St. Lawrence Lowlands, Gaspe and Evangeline Lake Property.

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Petrolympic Ltd

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Post by pumpndump1on Jun 29, 2008 4:59am

371 Views

Post# 15241977

Barnett Shale vs. Utica Shale

Both are very similar geological basins.
the Utica is thicker and closer to surface.
Gas sells 40% lower than spot at the Barnett.
Gas sells at a premium above spot around the Utica. 100% more than the Barnett.
Quebec could supply gas to the whole northeastern seaboard and
the pipelines are already in place.

Barnett land going for $25,000/acre plus 25% royaly.

PCQ valued at $80/acre at present

At $25,000/acre PCQ would be worth over $200 a share without the royalty.

Gas is needed in Quebec.

Texas already has lots.

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