Canada & Philippines

Natural gas, gold, nickel & sulphur

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Message: I'm also newbe here.

Re: onshore reply

in response to by
posted on Aug 29, 2008 05:03AM
its prospective..my words!
Part of our permits is in the St. Lawrence River where it is called Lac St. Pierre. The fact that it is partly in the lake does not lessen its oil and gas opportunity. In fact the two shallow wells we drilled before with tested gas are in the lake. We believe all our permits have the same types of gas potentials - shale, Beekmantown, Black River Trenton, plus shallow gas.
Petro St-Pierre Inc. is our minority joint venture partner in the project and their minority interest in our project is their only asset. We are purchasing it so that Altai will own 100% of our permits in the St. Lawrence Lowlands and 15% gross royalty in the Talisman permit.
Best regards,
Maria Au
Secretary-Treasurer
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