Calgary, Alberta - Questerre Energy Corporation ("Questerre" or the "Company") (TSX, OSE: QEC) and Transeuro Energy Corp. (“Transeuro”) (TSX-V:TSU) are pleased to announce that completion operations have commenced on the A-7 well at the Beaver River Field in British Columbia.
The program will include the perforating, fracture stimulation and testing of multiple intervals in the Mattson/Besa River horizon at a depth of 1530m to 1725m. Two separate 100-ton slick-water fracture stimulations will be performed on these prospective intervals. The entire completion program is estimated to cost $1.85 million. Operations commenced late last week and the Company anticipates they will be finalized by March.
The partners also updated the status of the B-3 well. The well is targeting the Mattson/Besa River horizon and is located approximately 6 kilometres south of the A-7 well. Drilling is proceeding according to schedule at a depth of just over 800m. Questerre and Transeuro each hold a 50% interest in the B-3 well. A joint venture operating committee is managing the operations with Questerre appointed as named operator.
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