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The Kakwa area is situated approximately 75 kilometres south of Grande Prairie in west central Alberta.
Total proved and probable reserves as of December 31, 2024, were estimated at 22.5 MMBoe (2023: 25.0 MMBoe) with a before tax NPV-10% of $180.6 million (2023: $178.6 million). The Company currently holds 40,320 (17,700 net) acres in the Kakwa area.
At Kakwa North, three (1.5 net) wells were brought on production during the quarter. Questerre holds a 50% interest in these wells. The operator plans a follow-up program of up to 3 (1.5 net) wells in the fourth quarter of 2026.
At Kakwa Central, the operator completed three wells during the quarter. Questerre elected to not participate in this entire program due to the proposed inter-well spacing that it anticipates could impact overall well recoveries.
The Company plans to participate in future drilling programs at both joint ventures subject to among other things, commodity prices, and the costs and design of the proposed drilling and completion programs.
