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Petrolympic Ltd V.PCQ

Alternate Symbol(s):  PCQRF

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.


TSXV:PCQ - Post by User

Bullboard Posts
Post by sunnyday1on Jul 31, 2008 9:57pm
222 Views
Post# 15350300

LOTS OF ACTIVITY............

LOTS OF ACTIVITY............ 

Questerre Energy* (QEC : TSX : $3.55), Net Change: 0.35, % Change: 10.94%, Volume: 1,114,918

Talisman Energy* (TLM : TSX : $18.90), Net Change: 0.93, % Change: 5.18%, Volume: 5,091,487

“Utica Shale in Quebec: La nouvelle frontiere.” – Canaccord Adams. The news flow from the Utica Shale Play, ahead of multiple drilling result catalysts in the coming months, continued yesterday. Questerre announced that the operator, Talisman, confirmed that field work is underway on a re-completion of the Gentilly #1 well. Questerre said the Gentilly #1 well will be fracture stimulated in several intervals prospective for shale gas. Following the stimulations, an extensive testing program will be conducted. The object of the program is to assess the potential commerciality of vertical well completions in this thick shale package. The original discovery in the Trenton Black-River zone in this well has been suspended on a temporary basis during this operation. Talisman also confirmed that it is mobilizing a rig to the Lowlands and the next well on Questerre’s acreage is scheduled to spud by mid-August. In a July 28, 2008 research report titled, “Utica Shale in Quebec: La nouvelle frontiere”, Canaccord Adams states that we like how the Utica Shale exploration program is unfolding. The play is now anchored by two big players: Forest Oil (FST) and Talisman. In addition to capital, these producers are bringing expertise and know-how. .

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