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 (http://www.rjkexplorations.com/Sept-Iles-08-2008.pdf).
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 clay horizons.
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.