Altai holds a large, non joint ventured, land package with 100% interest in the heart of the St. Lawrence Lowlands Utica Shale gas play in Quebec – the Sorel-Trois Rivières natural gas property of five permits aggregating to 68,483 hectares (169,221 acres), with significant potential for hydrocarbon production and storage. In addition, Altai retains a 15% gross royalty in the adjoining permit of 12,334 hectares (30,477 acres) held by Talisman Energy Canada, and a 50% joint venture interest in Malartic gold property in the Val d'Or area, Quebec. The company is debt free and well capitalised.