Gastem Inc.: St. Hyacinthe HZ1A Well Underway
August 05 2010 - 8:43AM
Marketwired
Gastem (TSX VENTURE: GMR) is pleased to announce that the St.
Hyacinthe HZ1A well on the 37,247 hectare Canbriam Energy/Gastem
St-Hyacinthe Property has been spud. Planned Measured Depth of the
well is 3,360 meters, with a lateral section of 1,000 meters, and
should be reached in approximately three weeks.
The St. Hyacinthe HZ1A horizontal well is the final well of a
four well continuous program composed of three horizontal wells and
one vertical well on the St-Hyacinthe Property to be drilled and
tested during 2010. Fracture completion of the well will be done as
part of a program to stimulate all 3 horizontal wells following the
drilling of this last horizontal well. Pipeline infrastructure is
present on the property.
"The drill rig has moved from St. Barnabe, where the second
horizontal well has been successfully drilled and cased, to the
site of the St. Hyacinthe well," said Mr. Raymond Savoie, CEO of
Gastem. "Once this drill program has been completed, all horizontal
wells will be fracture stimulated and results will be made known as
soon as available."
Gastem is an independent oil and gas exploration and development
company based in Montreal. The company holds exploration and
storage permits and rights in the St. Lawrence Lowlands, the Gaspe
Peninsula and the Magdalen Islands in Quebec as well as rights and
interests in New York State and Virginia.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Gastem Inc. David Vincent 514-875-9034
David.Vincent@Gastem.ca
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