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Squatex Energy and Resources (CSE: SQX) New Listing

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Squatex is a junior oil and gas exploration company with interests in 2 projects in Quebec.

Additional Information:

Company: Squatex Energy and Resources
Website: http://www.www.squatex.com
Stock Symbol: CSE: SQX
Date Published: Apr 4, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Squatex Energy and Resources (CSE:SQX) is the latest new listing on the Canadian Securities Exchange, and trades under the symbol “SQX”.

Squatex is a junior oil and gas exploration company with interests in 2 projects in Quebec.

In the St. Lawrence Lowlands, the company’s properties consist of a 70% interest in approximately 2,200 square kilometres held in partnership with Petrolympic, and a 28% interest from the surface to the
Top of Trenton and a 70% in the same block below the Top Trenton, an area covering more than 80 square kilometres pursuant to the Joint Operations Agreement with Canbriam.

These properties represent a significant position in unconventional targets in the Utica-Lorraine shales and in conventional plays within the Trenton-Black River carbonates.

Due to the government of Québec’s strategic environmental assessment on shale gas exploration and exploitation and the resulting delays, followed by the moratorium on exploration of shale gas exploration and exploitation, the company and its partners do not plan to undertake any short-term exploration on
its St. Lawrence Lowlands permits.

The company also owns properties in the Lower St. Lawrence-Gaspé area consisting of a 70% interest in approximately 4,300 square kilometres held in partnership with Petrolympic.

These properties located between Rimouski and Rivière-du-Loup present plays for light oil and gas in reefs and in hydrothermal dolomites.

The company plans to drill 3 additional wells to determine the optimal hydrocarbon accumulation zones in this sector of the Lower St. Lawrence-Gaspé area.

Phase 1 and Phase 2 of the company’s exploration program will target exploration works in the area by using slim hole drilling techniques in order to identify commercial hydrocarbon accumulations while maintaining lower exploration costs and obtaining the best possible geoscientific data for the region.

These drilling techniques were selected for their proven ability to demonstrate the potential for natural gas, liquids and oil at various levels in the Silurian rock.

The company plans to inject about $14 million into these new exploration projects in the next 24 months on this sector of the Lower St. Lawrence-Gaspé region.

The shares are trading at $0.35, and with 105.8 million shares outstanding, the company is capitalized at $37 million.

For more information about the company, please visit the company’s website www.squatex.com, contact
Jean-Claude Caron, President, at 450-766-0861or email jccaron@squatex.com.

I’m Samantha Deutscher for Investmentpitch Media