Canadian oil company Junex says their new horizontal well is commercial, even at today’s oil prices
Quebec oil and gas company Junex (ticker: JNX) announced earlier this week that it plans to restart production of its Galt No. 4 horizontal well in the Gaspe Peninsula in Quebec, Canada, following rapid pressure build-up after the company shut in the well.

The Galt No. 4 well is the first horizontal oil well in Quebec, according to Junex President and CEO Peter Dorrins. The well produced at a steady rate of 161 BOPD of light, sweet crude duri...

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