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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

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Post by bobbybombson Nov 28, 2011 9:17pm
419 Views
Post# 19272977

Gastem

GastemThe Montreal company Gastem, headed by former Liberal cabinet minister Raymond Savoie, intends to move forward with a proposed exploratory well in the area of Restigouche Southeast.It was last Tuesday night, in the municipality, a public meeting to explain to people what constitutes drilling it provides.

About sixty people - including a couple of Restigouche Southeast - four of the candidates for elections in Bonaventure and the regional press were the appointment Tuesday.The company explained that it provides no current operations or oil production.Raymond Savoie recalled on several occasions that the well planned, with a depth of 2800 meters, is one called "stratigraphic", aimed first and foremost a knowledge of the terrain."It should not be allowed to imply to people that suddenly there will be other wells and gas production in the short term [...].It is a scientific step.We do that to our knowledge of the geology and subsurface structures in the Gaspé, "defended Mr. Savoie.However, he served in the medium term, it was impossible to predict whether the oil would be made ??on the land on which the company has gas rights, which range from the Ascension in New.No fragmentation hydraulic ... at Restigoucheobviously concerned about the impact these drilling on the environment, citizens have chained the potential issues.One of them, Bob Eichenburger, asked the leader if he could Gastem promise that there would be no recourse, in the Gaspé, the fragmentation process hydraulics."I can not make that commitment for 10 years or 15 years is not realistic.I can tell you that there is no hydraulic fracturing in Restigouche, that's clear, "he replied.As for Jean-Sebastien Bernier, Biofilia biologist hired by the company, he argued that no significant environmental risk was in. "We studied the presence of streams, wetlands, forest sector the wildlife habitat and the legal framework [...].It has adopted measures to protect rivers larger than the Municipal and the Ministry of Environment asked, "he said.According to him, no river is at risk, nor the ecological reserve Restigouche, which is 7 km of drilling sites."The drill pipe is lined with walls of formwork.It is a measure of protection of groundwater, "for his part said Savoie.If Gastem gets its exploration licenses, as it provides, its drilling could begin in late December.These take place over a little over a month.The project is estimated between three and four million.
https://lechodelabaie.canoe.ca/webapp/sitepages/content.asp?contentid=216170&id=1953&classif=En%20manchettes

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