Junex provides more detail on the resource evaluation of its Galt oil field (Scandinavian Oil-Gas Magazine)

Junex provides more detail on the resource evaluation of its Galt oil field

Published Sep 1, 2015

Junex Inc. is pleased to provide more details about the resource evaluation completed by Netherland, Sewell & Associates, Inc., (NSAI) as announced by the Company on June 9, 2015.

Netherland, Sewell & Associates, Inc., (NSAI), a firm of worldwide petroleum consultants based in Texas, provided an update of their Best Estimate of the total Oil-Initially-In-Place (OIIP) resources at 557 million barrels for the Forillon and Indian Point formations on Junex's Galt Field property on the Gaspe Peninsula.

This represents a 227 million barrel increase (69%) with respect to NSAI's previous Best Estimate of the total OIIP resources as outlined in a press release made by Junex on March 27, 2013.

Tags: Junex Inc.

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