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Utica submits new offer for Junex as Cuda ramps up activity
After Quebec-focused Junex Inc. rejected its initial offer in early July, Montreal-based Utica Resources Inc. submitted a revised offer to acquire all the outstanding shares of Junex on July 23. Junex holds an operated 52.87% WI in the Galt oil discovery in the Gaspé region of Québec, which is estimated to hold 81 MMbbl of best estimate discovered OOIP. Junex holds 1.0 gross acres in the St. Lawrence Lowlands prospective for Utica shale gas......
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