Welcome To The Cuda Oil and Gas HUB On AGORACOM

A Pure Play - Powder River, Light Oil Focused Company

Free
Message: Short Summary for JNX (as of July 31, 2008)

Forest

in response to by
posted on Sep 19, 2008 06:01AM

With Forest behind Junex....big gains will happen...note Junex retains other formations



QUEBEC CITY, QUEBEC--(Marketwire - Sept. 17, 2008) - Junex Inc. (TSX VENTURE:JNX) is pleased to announce that its partner, Canadian Forest Oil Ltd., has decided to exercise its option to earn an interest in the shale sections of land in the Contrecoeur area located approximately 50 kilometers from the city of Montreal. Canadian Forest Oil Ltd. has the opportunity to invest a certain amount in work commitments in order to become entitled to the assignment of a working interest in the above-mentioned land. In such event, Junex will retain the balance of the working interest in the said land following such assignment along with a 100% working interest in other geological formations, including the Trenton Black-River.

Share
New Message
Please login to post a reply