oil & gas exploration
St. Lawrence Lowlands & the Gaspe Peninsula in Quebec
Gastem INC., Montréal, Québec, TSX.V : GMR, is an oil and gas exploration and development company with exploration properties located in the St. Lawrence Lowlands and the Gaspe Peninsula in Quebec.
Gastem is also involved in earn-in projects in Quebec (the Joly Project).
In January, 2008, the Company signed an earn-in option for Utica shale properties situated in New York State.
Our Mission – Exploit a Promising Basin
Gastem is also involved in earn-in projects in Quebec and New York State. During 2007, the company realised initial revenue from a participation in Epsilon's interest in the Amber Bank field in West Virginia.
Our Strategy – The Head Start Advantage
Gastem successfully executed its strategy to be one of the first movers on the prospective and yet untapped Utica Shale. By securing partnerships with gas majors and extending its land property through Quebec and New York State, Gastem has established a dominant position moving towards the exploitation of this significant play. From Quebec to New York State, Gastem aims to be first in the development of the Utica Shale Fairway.
Gastem aims to create shareholder value through the development of a great properties portfolio and high impact projects. The company is positioning itself at the forefront of the Utica Shale Fairway, one of the most promising unconventional gas resources.