Gastem has received the drill permit for the Gastem Ristigouche-Partie-Sud-Est No1 well applied for in December 2011. The site access and the pad have already been prepared and the company is hoping to spud the well this fall, subject to rig availability.

The primary target of the Ristigouche well is an anticlinal structure in the oil-bearing Silurian West Point Formation known as the Sellarsville slice. The secondary target is in the White Head Formation which holds potential for oil and gas in fractured intervals at a depth of approximately 2.6 km.

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