Calgary, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX, OSE:QEC) is pleased to announce that construction has commenced to tie-in the A-2 well at the Beaver River Field (the “Field”).
The tie-in follows an extended production test for this well completed late in February. The well continued to clean up with production averaging approximately 2.04 mmcf/d (340 barrels of oil equivalent) over the last 24 hours of the test with an average of 14 bbls/mmcf of water on a 19.05 mm choke.
Questerre anticipates the well will be placed on stream by the middle of the second quarter.
Stimulation operations on the A-6 well were also completed earlier this month. After preliminary clean-up, the well initially flowed natural gas at lower than expected rates. It is currently shut-in for an extended production test while a detailed evaluation of the stimulation data is finalized.
Questerre and its partner believe the results from these two wells have confirmed the commerciality of the Mattson sands. Questerre’s partner recently announced it is developing plans for an initial six well program at the Field for the Mattson sands and for a deep Nahanni test later in the year. To this end Questerre has granted its farm-in partner an extension to complete the initial work program.
Michael Binnion, President and Chief Executive Officer, commented, “We are very pleased with the initial results from the work program. We look forward to working with our partner to develop the full potential of the Mattson sands at the Field.”
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.
For further information, please contact:
Michael R. Binnion, President
Tel: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Web: www.questerre.com