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junex inc (JNX) Snapshot

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02/14/14 - C$1.19
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junex inc (JNX) Details

Junex Inc. operates as an oil and natural gas exploration company in Quebec, Canada. The company’s properties are located in sedimentary basins in the St. Lawrence Lowlands, on the Gaspé Peninsula, on Anticosti Island, and in the Appalachian region. It holds exploration rights on approximately 5.2 million acres of land located in the Appalachian basin. The company also sells natural brine; and provides oil and gas well drilling services. In addition, it offers geophysics and geology consulting services to its partners that operate in oil and gas exploration. Junex Inc. was founded in 1999 and is based in Québec City, Canada.

Founded in 1999

junex inc (JNX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$159.7K
Co-Founder and Chairman
Total Annual Compensation: C$90.0K
Chief Financial Officer, Vice President of Co...
Total Annual Compensation: C$113.7K
Vice President Operations
Total Annual Compensation: C$99.4K
Compensation as of Fiscal Year 2013.

junex inc (JNX) Key Developments

Junex Inc. Receives Drilling Permit from the Quebec Government for the Drilling of First Horizontal Well on its Galt Oil Property

Junex Inc. announced that it has received a drilling permit from the Quebec government for the drilling of Junex's first horizontal well on its Galt Oil Property, that is situated in a sparsely populated region approximately 20 kilometers from the town of Gaspé in eastern Quebec. The Junex Galt No. 4 Horizontal well, the first of a series of horizontal wells planned for the next phase of the project, will be drilled by Junex's Foragaz No. 3 drilling rig from the existing Junex Galt No. 4 vertical wellbore towards the Galt No. 3 well in the Forillon Formation. The Junex Galt No. 4 vertical well drilled in 2012, that will serve as the vertical pilot hole portion for this horizontal wellbore, encountered a 241 meter-thick fractured, oil saturated carbonate sequence in the Forillon Formation. Based on a number of in-depth studies performed by Junex and independent experts over the past two years, the Junex Galt No. 4 Horizontal wellbore trajectory is designed to optimally intersect the maximum number of open, near-vertical, natural fractures in the Forillon. The next phase of operations on the Galt Oil Property is planned to consist of: The drilling of the Galt 4 Horizontal well (drilling permit obtained); the drilling of the Galt 5 Horizontal well (drilling permit request submitted); the acquisition of 3D seismic data, and; the drilling of the Galt 6 & 7 Horizontal wells whose locations will be chosen based on 3D seismic data and results of the Galt 4 and 5 Horizontal wells.

Laurent Lemaire Resigns as Member of the Board of Directors of Junex Inc

Junex Inc. announced that Mr. Laurent Lemaire has decided not to renew his mandate as member of the Board of Directors.

Junex Inc., Annual General Meeting, Jun 17, 2014

Junex Inc., Annual General Meeting, Jun 17, 2014., at 11:00 Eastern Daylight. Location: Club Saint-James. Agenda: To receive and consider the financial statements of the company for the fiscal year ended December 31, 2013 and the auditors' report thereon; to elect directors; to appoint auditors and authorize the directors to fix their remuneration; and to transact such other business as may properly be brought before the Meeting.


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