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Overview
Junex (TSX-V: JNX) is a junior oil and gas exploration company that holds exploration rights on more than 4 million acres of land located in the Appalachian Basin in the Province of Québec. Several recent discoveries in the United States and Eastern Canada have stimulated exploration in Québec, whose sedimentary basin is located in a favourable geological setting for oil and gas discovery. Junex’s strategy consists of entering into partnerships with other exploration companies in order to reduce exploration risk. In parallel to its exploration efforts, Junex’s goal is to achieve positive cash flows from its natural brine and drilling services operations. Junex also owns approximately 9.4% of the issued and outstanding shares of Petrolia Inc. and 1.1% of the issued and outstanding shares of Gastem Inc., both of which are junior explorers listed on the TSX Venture Exchange.
