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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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 earlybird_787on Jul 28, 2010 9:42am
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Post# 17302714

RE: Legislators return to Albany

RE: Legislators return to AlbanyNo comments on this story? I am surprised.

At the moment the company is raising capital to develop its property in New York State. So, if the drilling moratorium is extended, how will that affect fund raising?

According to GMR, the market is assigning no value to the N.Y property, so I guess the stock price will be not be adversely affected if the moratorium is extended. However, if the proposed Bill is allowed to die, we may get a small pop tomorrow because investors may assume that drilling will recommence in the Fall, after new regulations are issued.

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Dealroom for high-potential pre-IPO opportunities