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Gastem Inc GTMIF

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

Bullboard Posts
Comment by Tbonepickenson Feb 09, 2010 5:39pm
482 Views
Post# 16768650

RE: GMR TEST RESULTS

RE: GMR TEST RESULTSThe results are positive. Marginal or negative results are when you do not hit any gas. Remember..... these are results from vertical test wells, not horizontal multi-fracced wells. Additionally, the shale was determined to be 30% thicker than originally thought, that is excellent considering how thick the shale was initially thought to be already. These results also do not include the Lorraine or Trenton Black River. Considering that all the players in the Lower St. Lawrence are still learning about the play, these results are very good and will add to their knowledge base. What would the critics expect at these early stages ?? This is a marathon, not a sprint.

Tbonepickens
Bullboard Posts