Investor Relations Contact Information
Questerre Energy Corporation
Anela Dido
1650, 801 Sixth Avenue SW
Calgary, Alberta
Canada T2P 3W2
Tel: [403] 777-1185
Fax: [403] 777-1578
Email: info@questerre.com
News Releases
Questerre Updates Westlock Drilling Program
Return to Press Releases2006-07-13
Calgary, Alberta - Questerre Energy Corporation ("Questerre" or the "Company") (TSX, OSE:QEC) reported today on the recent drilling results in its new core area of Westlock in Central Alberta.
Since spring breakup, Questerre participated in the drilling and completion of six (3.71 net) wells with five (3.21 net) wells cased as potential gas producers, one (0.5 net) dry and abandoned for an 83% success rate. Subject to equipment availability and weather conditions, the successful wells will be completed and tied-in prior to year-end.
Over the balance of this year, Questerre plans to drill four to nine additional wells in this area both on its existing acreage as well lands under the farm-in agreement with Apache Canada Ltd.
Michael Binnion, President and Chief Executive Officer, commented, “ I am pleased with the early progress made in our drilling program. I look forward to the results of the testing and subsequent completion and tie-in of the wells later this year.”
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.
This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company’s plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.
For further information, please contact:
Questerre Energy Corporation
Jason D’Silva, VP Finance
Tel: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com |Web: www.questerre.com
