Petrolympic Ltd., engages in the acquisition, exploration, and development of petroleum and natural gas properties in the United States and Canada. The company holds a 100% interest covering an area of 56,152 hectares in the St. Lawrence Lowlands shallow sandstones and carbonates platform on the south shore of the St. Lawrence River; 30% interest of the 216,933 hectares with Ressources et Energie Squatex in the Utica Fairway and the underlying Trenton-Black River carbonates; and 12% interest of the total land package 8,000 hectares through an Agreement with Canbriam Energy in the Utica Fairway and the underlying Trenton-Black River carbonates. It also holds 100% interest in the Mitis and the Matapedia properties covering an area of 40,688 hectares located in the Gaspé Peninsula region; and 30% interest in approximately 431,160 hectares in 24 exploration permits located on the south shore of the St. Lawrence River between Rimouski and Riviere-du-Loup. In addition, the company has interests in the Chittim Ranch property in western Texas; and has an agreement to acquire a 100% interest in Evangelic Lake Gold Property that consists of 24 mining claims (cells) covering 600 hectares located in Southwest of Espanola, Ontario, District of Sudbury. Further, it holds an agreement to acquire the Rayon d'Or gold property that consists of two contiguous claims covering an area of 285.9 acres located in the east of the Val d´Or mining camp, Quebec. Petrolympic Ltd. is headquartered in Toronto, Canada.
Read More
