Oil Exploration and Production in Quebec

Benefit from application of new geophysical exploration technologies and provincial tax breaks
The Business
The Project involves further exploration and development of oil production from three licensed areas in Quebec totaling 420 square kilometers. Initial independent evaluation shows potential for more than 44 million barrels in the pilot block and total of 250 million barrels in all three blocks. There are tax credits and benefits from oil and gas exploration in Quebec.

Previous surveys and wells in the region have proven the existence of the hydrocarbons in the area. New technologies including the satellite remote control have been applied and data from more than 250 wells drilled in surrounding area have been studied and reevaluated. New geophysical and geological survey technologies provide savings of time and expenditures and can be conducted in an environmentally friendly manner.

Market
Infrastructure is a well developed in the area including highway access and an extensive network of unpaved roads within the licensed area with bridges strong enough for 70-ton trailers. There is a railroad crossing the prospect. An oil pipeline (MPL) that supplies Montreal refineries is about 80 kilometers south.

Canadian private junior exploration company is seeking financing for development of the pilot block.

Sector: Energy
Segment: Exploration/Production
Region: North America
Financing Size: $20m to $50m
Contact: Alexey Kalashnikov
Company: NJ & Exploration Inc.
Telephone: —
Email: [email protected]