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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 bobbybombson Aug 12, 2011 10:39am
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Post# 18935267

RE: RE: Gastem- Fall Drilling

RE: RE: Gastem- Fall Drilling

Thursday, August 11, 2011 at 4:53 p.m.  Drilling for the Iles-de-la-Madeleine (PC)


ÎLES-DE-LA-MADELEINE, Qc -  The oil and gas company Gastem maintains its objective to drill an exploratory well off the Iles de la Madeleine by the end of the fall.  For two days, the company has conducted several meetings with local stakeholders and announced that it will begin its process of public information during the week of Aug. 22.  According to the president of Gastem, Raymon Savoie, exploitation of natural gas is needed to develop Îles-de-la-Madeleine. He was confident of obtaining the support of the population.  Gastem technicians continue their efforts now to find, with the municipal hydrogeologists, the best drill site. The company will conduct an exploratory permit application after the consultation process.  Thereafter, a hearing will decide whether Quebec's Bureau d'audiences publiques environment (BAPE) is required before the operation phase.

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