Gastem Inc. explores and develops oil and gas properties. It holds approximately 1.1 million acres of exploration land in the St. Lawrence Lowlands, the Gaspe Peninsula, and the Magdalen Islands in Quebec. The company, through its subsidiary, Gastem USA, has an 80% interest in exploration properties in New York State and a 100% interest in Virginia properties. Gastem Inc. was incorporated in 2002 and is based in Montreal, Canada.