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Gold/Mining/Energy : THE OIL & GAS CLUB

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From: Fredski	2/14/2014 1:09:01 PM
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TSXV:JNX If they unlock Macasty then this one is off to the races. I think it is better than PEA as they are on the deeper side of the fault and could encounter better maturity. Globe says Ressources Quebec to work with Junex, others 2014-02-14 07:01 ET - In the News Also In the News (C-CDH) Corridor Resources Inc Also In the News (C-PEA) Petrolia Inc The Globe and Mail reports in its Friday, Feb. 14, edition that Quebec Premier Pauline Marois announced Thursday the government would launch joint ventures and provide up to $115-million to help finance $190-million in exploratory work on Anticosti Island. The Globe's Shawn McCarthy and Sophie Cousineau write that Anticosti Island is believed to sit on top of promising quantities of oil and gas. The PQ says the province could reap $45-billion in royalties, profit and taxes over the next 30 years if exploration is successful. The Globe says the PQ's monetary expectations are highly speculative given the lack of information on whether oil and gas can be commercially developed. On Anticosti Island, the state-owner, Ressources Quebec (RQ), will partner with two groups that currently hold leases to determine whether they have commercial quantities of oil or gas. It will join with Corridor Resources, Petrolia and French group Maurel & Prom. RQ will provide up to $57-million in funds for the $100-million program, the balance coming from Morel & Prom. RQ will work with Junex and another company whose identity is still unknown in a $90-million exploration program.

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