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GMR

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Share Name Share Symbol Market Type
TSXV:GMR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Gastem Inc.: St. Hyacinthe HZ1A Well Underway

05/08/2010 2:27pm

Marketwired Canada


Gastem (TSX VENTURE:GMR) is pleased to announce that the St. Hyacinthe HZ1A well
on the 37,247 hectare Canbriam Energy/Gastem St-Hyacinthe Property has been
spud. Planned Measured Depth of the well is 3,360 meters, with a lateral section
of 1,000 meters, and should be reached in approximately three weeks. 


The St. Hyacinthe HZ1A horizontal well is the final well of a four well
continuous program composed of three horizontal wells and one vertical well on
the St-Hyacinthe Property to be drilled and tested during 2010. Fracture
completion of the well will be done as part of a program to stimulate all 3
horizontal wells following the drilling of this last horizontal well. Pipeline
infrastructure is present on the property. 


"The drill rig has moved from St. Barnabe, where the second horizontal well has
been successfully drilled and cased, to the site of the St. Hyacinthe well,"
said Mr. Raymond Savoie, CEO of Gastem. "Once this drill program has been
completed, all horizontal wells will be fracture stimulated and results will be
made known as soon as available." 


Gastem is an independent oil and gas exploration and development company based
in Montreal. The company holds exploration and storage permits and rights in the
St. Lawrence Lowlands, the Gaspe Peninsula and the Magdalen Islands in Quebec as
well as rights and interests in New York State and Virginia.


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