Calgary, Alberta - Questerre Energy Corporation (“Questerre” or the “Company”) (TSX, OSE:QEC) is pleased to announce the spud of the A-93-K/94-N-16 (A-7) well as the first well in the multi-well program at the Beaver River Field.
The A-7 well, targeting the shallow Besa River/Mattson horizon, will be drilled at the crest of the structure approximately one kilometer away and up-dip of the A-2 well that has been on production since March 2006. Gas production from A-2 has increased from the initial test rate of 1.64 mmcf/d (273 boe/d) in February to a current rate of 3.4 mmcf/d (566 boe/d). During a five-day test with boost compression the well averaged 4.4 mmcf/d (733 boe/d) against line pressure of 630 psi.
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