Last C$0.54 CAD
Change Today -0.04 / -6.90%
Volume 90.9K
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As of 2:33 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

junex inc (JNX) Snapshot

Open
C$0.58
Previous Close
C$0.58
Day High
C$0.58
Day Low
C$0.54
52 Week High
02/14/14 - C$1.19
52 Week Low
12/16/14 - C$0.23
Market Cap
35.7M
Average Volume 10 Days
194.2K
EPS TTM
C$-0.03
Shares Outstanding
66.2M
EX-Date
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P/E TM
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Dividend
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junex inc (JNX) Details

Junex Inc. operates as an oil and natural gas exploration company in Quebec, Canada. The company’s properties are located in sedimentary basins in the St. Lawrence Lowlands, on the Gaspé Peninsula, on Anticosti Island, and in the Appalachian region. It holds exploration rights on approximately 5.2 million acres of land located in the Appalachian basin. The company also sells natural brine; and provides oil and gas well drilling services. In addition, it offers geophysics and geology consulting services to its partners that operate in oil and gas exploration. Junex Inc. was founded in 1999 and is based in Québec City, Canada.

Founded in 1999

junex inc (JNX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$159.7K
Co-Founder and Chairman
Total Annual Compensation: C$90.0K
Chief Financial Officer, Vice President of Co...
Total Annual Compensation: C$113.7K
Vice President of Operations
Total Annual Compensation: C$99.4K
Compensation as of Fiscal Year 2013.

junex inc (JNX) Key Developments

Junex Inc. Reports a Crude Oil Discovery on Quebecs Gasp© Peninsula

Junex Inc. has reported a crude oil discovery on Quebecs Gasp© Peninsula. This summer, Junex, plans a second well to follow up the Galt number 4 discovery well, but the follow-up is still subject to financing. Longer-term, Junex plans a total of three wells, including the Galt Number 5 planned for this summer, which has already received regulatory approval. While a further two wells also are planned, Junex plans to shoot 3D seismic surveys first before pursuing these, which have not yet obtained regulatory approval. All previous wells drilled in the Gaspé were vertical, while the discovery well was a horizontal well, as the follow-up well will be. The discovery well is about 20 kilometres west of the town of Gaspé, which lies near the eastern end of the peninsula of the same name.

Junex Inc. Provides Update on Galt No. 4 Horizontal Well

Junex Inc. announced that it recorded a steady production rate of 161 barrels of oil per day during the final six days of its 14 day production test in its Galt No. 4 Horizontal well. This production rate of 161 BOPD was limited by the configuration of the surface oilfield pumping equipment at the well. A total volume of 2,017 barrels of light, sweet crude oil was produced during this production test in the first horizontal oil exploration well ever drilled by industry in Quebec. During the first 2 days of the 14 day production test, the rate was deliberately limited at 76 BOPD to permit Junex's engineers to collect representative oil samples. Once this was achieved, the pump rate was set at the maximum rate permitted by the configuration of the surface pumping equipment that allowed the production of oil at the same time as recovering the remaining drilling fluid in the well. Once this recovery of drilling fluid was completed, the well produced oil at a rate of 161 BOPD during the final 6 days of the test. Following this production test, the well was shut-in such that the pressure build-up of the Forillon reservoir will be measured over the next 12 weeks or so. After this, the pressure gauges will be retrieved then the recorded data will be analyzed and interpreted by Junex's engineers and independent industry specialists. This pressure build-up data will provide invaluable information as to the reservoir characteristics of the Forillon reservoir in the Galt No. 4 Horizontal Well, including principally the optimal production rate of the well. This discovery well was horizontally drilled from the existing Galt No. 4 Vertical wellbore to a total measured depth of 2,400 meters, of which 1,503 meters was drilled within the oil reservoir. Numerous significant oil shows associated with fracture porosity recorded during drilling and results from downhole well logging clearly indicate that the oil reservoir is intensely fractured and that the Galt No. 4 Horizontal well intersected the near-vertical natural fractures at an optimum angle of approximately 90 degrees, as forecast in the original well design. Subsequent swabbing operations performed in December and this production test confirm the productive capacity of the Galt oil accumulation.

Junex Inc. Provides Update on Operations at Galt No. 4 Horizontal Well

Junex Inc. announced that it is nearing the end of its swabbing/well cleanup operations at its Galt No. 4 Horizontal Well that it performed in preparation for oil production testing that is planned for January 2015. These swabbing/well cleanup operations were performed to remove the maximum volume of drilling fluids that were remaining in the wellbore in order to permit the entry of oil from the Forillon oil reservoir into the well. Junex will be installing the downhole portion of the oilfield pump and related equipment in the well in the next few days. Industry specialists from Houston will be on location in early January 2015 to install of the surface pumping equipment, after which the final well cleanup operations will be completed. Once these are completed, Junex will then commence oil production testing operations in the well.

 

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