Junex Inc. says that its Foragaz No. 4 drilling rig is now installed in preparation for the drilling of the Junex Galt No. 5 Horizontal well that the Company plans to spud next week.

As previously announced on June 26th, the Galt No. 5 Horizontal well is the first well of the next phase of operations on the Galt Oil Property that includes the drilling of the Galt No.5 Horizontal well, the completion of a detailed 3D seismic program, then the drilling of the Galt No. 6 and No. 7 Horizontal wells whose final locations will be determined from the 3D seismic data.

The Company has also completed the call for bids for the acquisition of a 3D Seismic program on the Galt Structure. Junex intends to perform these field operations in the coming weeks at the same time as the drilling of the Galt No 5 Horizontal well.

Tags: Junex Inc.