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 permits.
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.
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responsibility for the adequacy or accuracy of this release.
Web Site: http://www.rjkexplorations.com