Canada Gas Corp. engages in the exploration and operation of oil and gas properties in Canada. Oil and Gas Properties Bougie Trutch Area The company has a participation agreement with Tenaka Drilling Consortium Ltd., wherein it was granted the right to 15% working interest in 26 sections (26 square miles). It has also earned its working interest. It has 14 Halfway sections with an additional 6 Halfway sections. The company also has a 24% working interest in 14 sections of deep rights. As of January 31, 2009, the company drilled six wells on the Bougie Trutch property, including three producing Triassic Halfway wells, the C-36-A/94-G-15, B-56-A/94-G-15, and A-38-A/94-G-15. The Trutch East Property The Trutch East is located in the prolific natural gas producing Western Canadian Sedimentary Basin in north-eastern British Columbia on trend with the East to West industry expansion of pipeline and support infrastructure. The Trutch East lands consist of 2 sections (district spacing units), which hold the potential for a total of approximately 4 Triassic Halfway development wells (upon half-spacing drilling targets). The property adjoins the company’s Bougie Trutch lands. It retains the right of first refusal on two additional sections on the property. As of January 31, 2009, the company drilled one Triassic Halfway well on the Trutch East property. Its interest in total production was 8,712 MCF, equivalent daily rate of 25.18 MCF/day for the year ended January 31, 2009. Prophet River The company owns a 33.33% of the Prophet River property, which included 19 square mile surface to basement and 2 square miles base of debolt to basement. Mineral Properties Thrust Project The company has an option agreement to acquire a 100% interest in the Polymetallic Thrust project located in North Eastern British Columbia. History The company was founded in 1984. It was formerly known as Wyn Developments Inc. and changed its name to Canada Gas Corp. in 2008.
canada strategic metals inc
(CJC:TSX Venture Exchange)
1080, Côte du Beaver Hall
Montreal, QC H2Z 1S8
|No competitor information is available for CJC.|
|View Industry Companies|
|Price/Cash Flow||NM||Not Meaningful|
Sponsored Financial Commentaries
To contact CANADA STRATEGIC METALS INC, please visit www.csmetals.ca. Company data is provided by Capital IQ. Please use this form to report any data issues.