|
|
Article: Altai Updates on Its Utica Gas Project, Quebec.
- Article from:
- Marketwire Canada
- Article date:
- October 8, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
TORONTO, ONTARIO, Oct 8, 2009 (Marketwire via COMTEX) -- Altai Resources Inc. (TSX VENTURE:ATI) (US Sec. Rule 12g3-2(b) File # 82-2950) ("Altai" and the "Company") is pleased to announce that the Quebec Ministry of Natural Resources has granted the Company new oil and gas permits covering all of its 100% owned permits in the St. Lawrence Lowlands, Quebec. The new permits were issued in July 2009 and are valid for a period of ten years subject to statutory work and payment of rent in accordance with the Mining Act (Quebec) which regulates oil and gas permits.
The Company has signed a contract to carry out seismic surveys aggregating to 40 kilometers. Most of the ...