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Ressource & Energie Squatex Inc.

Address 7055 Boulevard Taschereau, Brossard, QC, J4Z 2K6, CA
Tel 450-766-0861
Website squatex.com

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Reassessment of assets in Massé structure indicate much higher resources than previously determined

Ressources & Energy Squatex and its partner Petrolympic Ltd. have announced a major reassessment of resources for the eastern part the Massé structure performed independently by Sproule Associates Limited. The Massé structure is located in the Lower St. Lawrence permits, some 25 km southeast of Mont-Joli, in the Appalachian Basin of Quebec. Squatex owns a 70% interest in 656,093 hectares (1,621,241 acres) of exploration permits in Quebec over which it is the operator under a joint operation agreement with Petrolympic (30%).