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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 Rapax11on Jul 26, 2010 3:32am
393 Views
Post# 17295970

RE: Gastem - USA Accelerated acquisitions

RE: Gastem - USA Accelerated acquisitions

I´m excited to read about the final results from "Ross No 1" once the confidentiality is lifted.

Jan 27, 2010
"The Ross well, our first well in New York State, has largely exceeded our expectations and we are accelerating programs," said CEO Raymond Savoie. "Although early, we believe that the area could begin commercial production in the near future."

Since then Gastem has been very silent about this NY-area..

Key developments for GASTEM INC (GMR)

Gastem Mulls Acquisitions

Gastem Inc. is looking for acquisitions. The company, which recently received a receipt for a preliminary short-form prospectus filed in connection with a proposed offering in units, has stated that it wants to use the net proceeds to finance the development of properties and projects in New York State, the potential acquisition of new properties, and for general corporate purposes.

https://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=GMR:CN

Bullboard Posts