Calgary, Alberta - Questerre Energy Corporation ("Questerre" or the "Company") (TSX, OSE: QEC) is pleased to report on the test results from the last two wells drilled in the Vulcan area of Southern Alberta.
One well flowed at 340 boe per day on an 18/64’’ choke during the last 24 hours of a three-day flow test. The second well flowed at 80 boe per day on a 24/64’’ choke during the last 24 hours of a three-day flow test. Questerre and its partners are evaluating tie-in options to the local gathering system for these wells.
The wells were drilled as part of a multi-well program with two industry partners with Questerre holding a 33 1/3% interest. The targets for these wells were new Mannville pools proximate to Questerre’s existing Mannville G Pool where current production is approximately 1,900 boe/d (950 boe/d net). Drilling operations are underway on the third well.
Michael Binnion, President and Chief Executive Officer of Questerre, commented, “I am very pleased spring break up is over and we are back in the field working. This discovery follows up on our past success and shows the exploration potential of the Vulcan area.”
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