Junex spuds Paspebiac at 1,500 meters depth

Québec based junior oil and gas exploration company, Junex has recently spudded the well Paspebiac #1, located at 12 kilometers from Paspebiac in Gaspesie, Eastern Canada. A 12 1/4 inches surface hole was drilled to a depth of 220 meters and a 95/8 inches casing was cemented with the rig Barber #1 owned by Junex.

This rig was released two weeks ago after having drilled through a depth of 431 meters. The hole will be completed to the total target depth of 1,500 meters with the other rig (U-34 #2) owned by Junex. This rig is already on site and the well has currently reached a depth of 685 meters. Junex expects this well to be completed by the end of September.

The Paspebiac #1 well is the first to be drilled on the 1 million acres block of permits held by Junex (100%) in the area of Baie-des-Chaleurs. This well is being drilled on a large dome structure of nearly 30 km2 of horizontal closure and of 300 meters of vertical closure. The well is targeting a seismic anomaly at the level of the Silurian limestones at a depth of 1,500 meters.