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


Published Sep 1, 2015
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Junex Inc

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.

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