PRESS RELEASE
For immediate distribution
JUNEX'S PARTNER EXERCISES EARN-IN OPTION ON THE RICHELIEU NORTH PERMIT
September 17 2008 - Qu?bec (Qu?bec) // Junex Inc. (JNX : TSXV) is pleased to announce that its partner, Canadian Forest Oil Ltd., has decided to exercise its option to earn an interest in the shale sections of land in the Contrecoeur area located approximately 50 kilometers from the city of Montreal. Canadian Forest Oil Ltd. has the opportunity to invest a certain amount in work commitments in order to become entitled to the assignment of a working interest in the above-mentioned land. In such event, Junex will retain the balance of the working interest in the said land following such assignment along with a 100% working interest in other geological formations, including the Trenton Black-River.
"Forest's expertise will certainly be significant in the development of the Qu?bec Shale Gas play over the coming years and we believe that Junex will greatly benefit from its partner's skills in unconventional gas plays. On the other hand, Junex is solely undertaking exploration operations focussed on evaluating the Shale Gas potential of its extensive 100% working interest land base in the St. Lawrence Lowlands. A 200 line-kilometer 2D seismic survey is currently underway and more wells, including the coring and possible fracing of the Shale sequences, are planned to be drilled once the interpretation of this new seismic data is completed" commented Junex's CEO, Mr. Jean-Yves Lavoie, P. Eng.
About Junex
Junex is a junior oil and gas exploration company that holds exploration rights on more than 6 million acres of land located in the Appalachian basin in the Province of Quebec. Several recent discoveries in the United States and Eastern Canada have stimulated exploration in Quebec, whose sedimentary basin is located in a favourable geological setting for oil and gas discovery. Junex's strategy consists in entering into partnerships with other exploration companies in order to reduce exploration risks. In parallel to its exploration efforts, Junex's goal is to achieve positive cash flows from its natural brine and drilling services operations. Junex also owns approximately 7.9% of the issued and outstanding shares of Petrolia (TSXV : PEA) and 1.1% of the issued and outstanding shares of Gastem (TSXV : GMR).
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
For further information at Junex:
Mr. Jean-Yves Lavoie Mr. Dave P?pin
President Corporate Affairs
418-654-9661 418-654-9661
Dave P?pin, M.B.A.
Vice president des affaires corporatives
Junex inc.
2795, boulevard Laurier
Bureau 200
Qu?bec (Qu?bec) G1V 4M7
T?l?phone : (418) 654-9661 poste 225
T?l?copieur : (418) 654-9662
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Junex Inc.
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EXPLORATEUR |
CODE : JNX.V |
ISIN : CA4818631083 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Junex est une société d’exploration minière basée au Canada. Junex détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont HALDIMAND WELL, SHALE GAS DE BECANCOUR, HALDIMAND et CHAMPLAIN au Canada. Junex est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 32,7 millions CA$ (25,0 millions US$, 21,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 06 juin 2008 à 8,22 CA$, et son plus bas niveau récent le 19 décembre 2014 à 0,24 CA$. Junex possède 79 650 000 actions en circulation. |