KIRKLAND LAKE, ON, June 26 /CNW/ - RJK Explorations Ltd. (RJX.A: TSXV)
("RJK") is pleased to announce that several of the gas & oil permits it holds
are along the north shore of the St. Lawrence near Sept. - Iles. They are
contiguous to and completely surround several new permits acquired by another
company active in the St. Lawrence Lowlands, which has not yet announced its
While researching old well data, RJK had become aware of a well drilled
in this area in 1970. It appears that a drilling company was in the process of
drilling a water well near Sept. Iles when they encountered gas, which blew
out the hole. They immediately stopped drilling and under the direction of the
government, sealed the hole with cement. However, several days later the
pressure of the gas began forcing the cement apart so they had to cap the
hole. The gas was analyzed at the time and is shown in the well data on the
Quebec Ministry website to contain 94.6% methane, 4.9% nitrogen, 0.4% ethane
and 0.04% oxygen.
The geological rock cover shown for this immediate area on the Quebec
Ministry of Resources Geological Map is classified as Mafic to Ultramafic
Rocks - Anorthosite and gabbronorite. Normally, this type of rock cover would
not indicate gas or oil. However, because of the accidental gas strike, we
know there is gas below it in this area. For this reason, RJK has moved to
acquire most of acreage in the immediate area of the well at Sept. Iles,
except for that acquired by the other company.
As the gas was encountered at a fairly shallow depth, it is RJK's belief
that the gas would have migrated up from a deeper horizon and has probably
been kept in place by a clay layer as is the case for a number of the shallow
gas wells that have been drilled in the St. Lawrence Lowlands. A map showing
RJK's permits at Sept. - Iles will be posted on the company website tomorrow
in order to take into account today's release of new, updated permit maps by
the Quebec Ministry of Natural Resources.
Forward Looking Statements: This news release contains certain
forward-looking statements. These forward-looking statements are subject to a
variety of risks and uncertainties beyond RJK's ability to control or predict
which could cause actual events or results to differ materially from those
anticipated in such forward-looking statements. Although RJK believes that the
assumptions inherent in the forward-looking statements are reasonable, undue
reliance should not be placed on these forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept the
responsibility for the adequacy or accuracy of this release.
Web Site: http://www.rjkexplorations.com
For further information:
For further information: Glenn Kasner, President, Telephone: (705)
567-5351, Fax: (705) 567-5557, Mobile: (705) 568-7567, E-Mail: