KIRKLAND LAKE, ON, Oct. 2 /CNW/ - RJK Explorations Ltd. (RJX.A: TSXV)
("RJK") wishes to update the status of its Shale Gas Permits which are a part
of the larger St. Lawrence Shale Gas Play in Quebec. RJK has 100% of 263,600
hectares held in 13 Permits and has also optioned a 100% interest in 24,042
hectares held in 1 Permit from Altai Resources Inc. RJK will be earning the
100% interest in the Altai Permit by drilling a minimum of 1200 meters with
Altai retaining a 15% Royalty.
RJK will begin its shale gas exploration program at Sept - Iles since its
research of old well drilling data has found that gas was accidentally
discovered at Sept - Iles at least twice in the last 60 years and has never
been followed up:
- in 1970, a water well being drilled to supply Quebec Hydro crews hit
gas at about 120 meters and then blew out the cement that was being
used to plug it. After several days, the well was plugged and
abandoned, but not before the gas was tested and analyzed as being
94.6% methane, 4.9% nitrogen, 0.4% ethane and 0.04% oxygen.
- within the last month, after news of RJK's gas permits was mentioned
in a Sept - Iles newspaper, the company was contacted by a local
resident whose father was involved in the drilling of water well in
the late 1940's that also hit gas. This well was very similar to the
1970 well and was also plugged and abandoned.
RJK has determined the exact location of both of these wells
Two important points to note are that both wells hit gas immediately
after drilling through a 37 meter thick heavy clay layer lying below 70 meters
of surface sand and that these two gas wells are located 9 km apart in the
middle of a large delta area - measuring approx. 34 km by 16 km. It appears
that the entire delta area is underlain by these flat lying sand and heavy
RJK has retained Bissett Resource Consultants of Calgary to supervise the
initial gas well drilling program and has begun the application for drilling
two initial wells expected to begin drilling within the next several months.
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.
For further information:
For further information: Glenn Kasner, President, Telephone: (705)
567-5351, Mobile: (705) 568-7567, E-Mail: email@example.com, Web Site: