Junex Inc. has received a drilling permit from the Quebec government for the drilling of Junex's first horizontal well on its Galt Oil Property, that is situated in a sparsely populated region approximately 20 kilometers from the town of Gaspé in eastern Quebec.

The Junex Galt No. 4 Horizontal well, the first of a series of horizontal wells planned for the next phase of the project, will be drilled by Junex's Foragaz No. 3 drilling rig from the existing Junex Galt No. 4 vertical wellbore towards the Galt No. 3 well in the Forillon Formation.

The Junex Galt No. 4 vertical well drilled in 2012, that will serve as the vertical pilot hole portion for this horizontal wellbore, encountered a 241 meter-thick fractured, oil saturated carbonate sequence in the Forillon Formation.

Tags: Junex Inc.