Petrolympic

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-	'''Petrolympic''' (TSX: V.PCQ) is a Canadian junior with a leasehold presence in the [[Saint Lawrence Lowlands|St. Lawrence Lowlands]] [[Utica shale]] play.	+	'''Petrolympic''' (TSX: V.PCQ) is a Canadian junior with a leasehold presence in the [[Saint Lawrence Lowlands|St. Lawrence Lowlands]] [[Utica shale]] play. It has an interest in 1,903,098 acres of permits for oil and gas exploration in the Appalachian Basin of Quebec, Canada. In the [[Saint Lawrence Lowlands|St. Lawrence Lowlands]], it owns a 30% interest in 673,021 acres through a joint venture with ''Resource & Energie Squatex inc (Squatex)'' and a 100% interest in 180,439 acres on the south shore of the St. Lawrence River. These holdings give it access to drilling in the Utica shale, [[Lorraine shale]] and the [[Trenton-Black River]] formations. It also holds another 30% interest in a large permit with Squatex on the neighboring Gaspe Peninsula.

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Revision as of 07:27, 10 June 2009

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Petrolympic (TSX: V.PCQ) is a Canadian junior with a leasehold presence in the St. Lawrence Lowlands Utica shale play. It has an interest in 1,903,098 acres of permits for oil and gas exploration in the Appalachian Basin of Quebec, Canada. In the St. Lawrence Lowlands, it owns a 30% interest in 673,021 acres through a joint venture with Resource & Energie Squatex inc (Squatex) and a 100% interest in 180,439 acres on the south shore of the St. Lawrence River. These holdings give it access to drilling in the Utica shale, Lorraine shale and the Trenton-Black River formations. It also holds another 30% interest in a large permit with Squatex on the neighboring Gaspe Peninsula.