Junex Inc. has recovered 180 barrels of oil over a 24-hour period (or an "initial rate" of 180 barrels of oil per day) from a production test at its Galt No. 3 well. This well is on Junex's Galt Oil Property that is situated approximately 20 kilometers from the town of Gaspé in eastern Quebec.
Mr. Peter Dorrins, Junex's President & Chief Executive Officer, remarked: "The Galt No. 3 vertical well was tested to harvest more information about the Forillon reservoir as part of finalizing the test design for the upcoming Junex Galt No. 4 Horizontal well. While not being a stabilized rate that would typically be much lower, we believe that this initial production rate in our Galt No. 3 well, which has been shut-in since 2011, nonetheless provides an indication as to the potential of the naturally-fractured Forillon reservoir on our Galt Oil Property."