Great Outlook!
So Gentilly will be the second horizontal well in Middle Utica (the definitive target!)
Then, if we will have good results, as expected, the operator Gastem will drill 4 more horizontal wells!
Great.
Life
" (...) Outlook
The developments in Quebec over the last quarter have brought us closer to establishing the commercial
parameters of this emerging play. It has also rekindled market interest in the Utica shale and the
St. Lawrence Lowlands. We were pleased to see this growing enthusiasm at the first Quebec Oil & Gas
Association Conference held in Montreal last month where participation by industry, the Quebec
government and the financial sector was stronger than expected.
We are very excited about the beginning of the middle Utica pilot horizontal program. Upon the
completion of the St. Edouard #1A horizontal well, we expect drilling to commence on the second
horizontal location at Gentilly. Based on the results from the two initial wells, we understand the operator
could drill up to four more horizontal wells as part of this pilot program. """
