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
Second Shale Gas Well Drilled Successfully
Return to Press Releases2007-07-25
Calgary, Alberta - Questerre Energy Corporation ("Questerre" or the "Company") (TSX, OSE: QEC) is pleased to announce that the operator of the St. Louis de Richelieu well reported that the well was drilled on time and on AFE with positive results.
The St. Lawrence Lowlands, Quebec well was spud on June 23rd and total depth of 1,760 meters was reached on July 13th at the Trenton Black River formation. Cores were retrieved from the Utica Shale formation and sent for analysis. Logging was also completed and the Utica Shale formation thickness was 220 meters with excellent gas shows throughout.
The well has been plugged back to the intermediate casing and suspended pending further work that the operator expects will be undertaken shortly.
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.
Barrel of oil equivalent (“boe”) amounts may be misleading, particularly if used in isolation. A boe conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel and is based on an energy equivalent conversion method application at the burner tip and does not necessarily represent an economic value equivalent at the wellhead.
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