Junex Inc. started drilling its Galt No. 5 Horizontal well using its Foragaz No. 4 drilling rig. This well is the first of a series of horizontal exploration wells to be drilled by the Company as a follow-up to its oil discovery in its Galt No. 4 Horizontal well that recorded oil production rates ranging up to more than 300 barrels of oil per day during production testing earlier this year.

"In our Galt No. 5 Horizontal well, we are building upon the successful well design implemented in our Galt No. 4 Horizontal oil discovery well. The Galt No. 5 Horizontal well is licenced to be drilled to a total measured depth of 2,500 meters, of which about one half is to be horizontally drilled such as to intersect the maximum number of open, near-vertical, natural fractures within the Forillon oil reservoir, including any porous hydrothermal dolomites if present. It is worthwhile mentioning that the Galt No. 4 Horizontal well was not hydraulically fracture stimulated yet it yielded a significant result and therefore we will be applying the same recipe in the Galt No. 5 Horizontal well." said Mr. Peter Dorrins, Junex's President & Chief Executive Officer.

Tags: Junex Inc.