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The Kakwa area is situated approximately 75 kilometres south of Grande Prairie in west central Alberta.
Questerre participated in development drilling at both the Kakwa Central and Kakwa North joint ventures during 2024.
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 Central, the operator drilled, completed and tied-in three wells during 2024. Questerre holds a 25% working interest in all three wells. The operator subsequently commenced a follow-up three well program in the fall. Questerre elected to forego participation in this entire program due to the proposed inter-well spacing that is expected to impact overall well recoveries.
At Kakwa North, the operator commenced a three well program in the fall of 2024. Questerre elected to participate in the program and holds a 50% interest in all three wells. The wells were completed in the first quarter of 2025. Subject to results, the Company anticipates a follow-up drilling program could commence later this year.
The Company plans to participate in future drilling programs at Kakwa North and Kakwa Central subject to, among other things, commodity prices, and the costs and design of the proposed drilling and completion programs.
