Canadian Quantum Energy Corporation Announces Resolution of Outstanding Litigation & Commencement of Drilling Operations on Nicholet Permit, Utica Shale Play, Quebec
Canadian Quantum Energy Corporation ("Canadian Quantum" / "the Company") (TSX VENTURE:CQM) is pleased to announce that a judgment has been rendered by the Quebec Superior Court thereby resolving the outstanding litigation pertaining to the 22,000 hectare Nicholet Permit # 2002RS056 ("the Nicholet Permit") located in the St Lawrence Lowlands, Quebec.
Under the terms of the Junex Settlement Agreement, Junex Inc., ("Junex") a Quebec based oil and gas operator, is now in the process of transferring the Nicholet Permit to Fairlady Energy Inc. ("Fairlady").
- Published: 27 March 2009
- Written by Editor