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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 Tbonepickenson May 17, 2010 9:16am
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Post# 17104773

RE: RE: RE: RE: More news !

RE: RE: RE: RE: More news !Sell....as this will shortly be in the 30 cent range ??

I don't think so. The results they will get from three horizontal holes will be much better than the results from the first two vertical holes. The shale alone is 500 feet thick and the size of the permit they are focusing on is over 90,000 acres. Canbriam (on their website) says they believe they have 14 TCF OGIP. Therefore, with the team of Gastem, Canbriam and Forest Oil working on this drill program this summer, IMHO the share price will be going north, not south. Good luck to all the longs on this one.

Tbonepickens
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities