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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 Apr 19, 2011 5:38pm
306 Views
Post# 18456489

RE: RE: RE: RE: NEW YORK STATE WILL LIFT MORATORIU

RE: RE: RE: RE: NEW YORK STATE WILL LIFT MORATORIURed_Dragon does have a point. Some towns in Otsego County are attempting to introduce by-laws which will ban "heavy" industries such as natural gas exploration.
https://gdacc.wordpress.com/2011/04/08/towns-could-set-trend-with-fracking-bans-%C2%BB-local-news-%C2%BB-the-daily-star-oneonta-ny-otsego-county-news-delaware-county-news-oneonta-news-oneonta-sports/

Gastem has a well (Sheckell's No.1) located in Otsego Town. However, I don't think the company was planning any further exploration because the shale may not be deep enough to comply with the anticipated drilling regulations.

Gastem's other major well (Ross No.1), is located in the town of Maryland, Otsego County. At this time, Maryland is not planning to introduce anti-gas legislation.

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