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Last C$0.90 CAD
Change Today +0.05 / 5.88%
Volume 99.8K
JNX On Other Exchanges
Symbol
Exchange
OTC US
Venture
Frankfurt
As of 3:56 PM 04/1/15 All times are local (Market data is delayed by at least 15 minutes).

junex inc (JNX) Snapshot

Open
C$0.85
Previous Close
C$0.85
Day High
C$0.92
Day Low
C$0.85
52 Week High
02/26/15 - C$2.02
52 Week Low
12/16/14 - C$0.23
Market Cap
59.6M
Average Volume 10 Days
121.3K
EPS TTM
C$-0.03
Shares Outstanding
66.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for JUNEX INC (JNX)

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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. Completes its Most Recent Phase of Oil Production Testing in its Galt No. 4 Horizontal Well

Junex Inc. announced that it has completed its most recent phase of oil production testing in its Galt No. 4 Horizontal well. This latest phase started on February 26, 2015 and ended on March 11, 2015. The company deliberately set the production rate during this latest phase according to its plan such that an average rate of 206 barrels of oil per day (BOPD) was maintained during the final ten days of this period. Since the Galt No. 4 Horizontal well finished drilling, Junex has recovered a total volume of 7,200 barrels of light, sweet crude oil from combined production testing operations and well cleanup/swabbing operations. According to its plan announced on February 2, the well is now shut-in such that the pressure build-up of the Forillon reservoir will be measured over the period of spring break-up. 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. More than 2,370 barrels of light, sweet crude oil was produced during this latest phase of production testing of oil discovery in the first horizontal oil exploration well ever drilled by industry in Quebec. No hydraulic fracturing operation of this conventional reservoir was performed in this 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.

Junex Records Steady Rate of 316 Barrels of Oil Per Day in its Galt No. 4 Horizontal Well

Junex Inc. announced that a steady production rate of 316 barrels of oil per day (BOPD) was recorded over the most recent five days of its latest phase of production testing in its Galt No. 4 Horizontal well. This phase started on February 9, 2014, with the maximum oil production rate over a 24-hour period since this date attaining 396 BOPD. Over a three-day period at the beginning of this latest phase of testing, the well flowed naturally and unassisted by the pump at a deliberately-restricted rate of 85 BOPD. The pump was then started and was in operation thereafter. During this latter period, various pumping parameters were adjusted and ultimately Junex sequentially increased the rate to a steady production rate of 316 BOPD measured over the latest five-day period. A total volume of 2,723 barrels of light, sweet crude oil has been produced so far during this second phase of production testing of oil discovery in the first horizontal oil exploration well ever drilled by industry in Quebec. No hydraulic fracturing operation of this conventional reservoir was performed in this 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.

Junex Inc. Starts Longer Production Test at its Galt No. 4 Horizontal Well

Junex Inc. announced that, since shutting-in the well for pressure build-up about one week ago, technical data was collected at the surface as to the oil level and the pressure build-up in the well. These data indicated that a rapid pressure build-up has occurred since pumping the 2,017 barrels of light, sweet oil during the production test in the Galt No. 4 Horizontal well. In addition, the oil level in the well is stable. It is Junex's opinion that these are indicative of an oil reservoir with very good reservoir characteristics. In light of these new technical data, Junex will resume its production testing operations in its Galt No. 4 Horizontal well in the upcoming days once it reconfigures the surface pumping equipment with the aim to pump oil at a higher rate than 161 barrels of oil per day (BOPD) previously recorded. Also, the well will be pumped for a longer period of up to 1 1/2 months in order to produce a larger volume from the Forillon reservoir surrounding the wellbore such that a better understanding as to the reservoir characteristics should be obtained for future optimal development of the oil accumulation. The adjacent 100% Junex acreage has not yet been independently evaluated for its resource potential. These landholdings are situated approximately 20 kilometers from the town of Gaspe in eastern Quebec.

 

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