Michael Binnion, President and Chief Executive Officer of Questerre, commented, “This is an important well for us as it is the first well on our 100% seven-section block in Kakwa North. We have licensed additional locations and plan to drill up to two more wells on this block in 2014.” Offsetting our joint venture producing block, the 14-29-63-6W6M well (“14-29”
Michael Binnion, President and Chief Executive Officer of Questerre, commented, “This is an important milestone for Red Leaf and the future of oil shale. We are looking forward to construction beginning for the first commercial scale capsule this summer.” With the issuance of the Construction Permit for its EcoShale production capsule by the Utah Division of Water Quality, Red Leaf
Michael Binnion, President and Chief Executive Officer, commented, “In the quarter we began executing the Montney development plan to achieve our production target of 6,000 boe/d by the second half of 2015. Our first 100% well was spud in the quarter. It will be completed after breakup to prove up the condensate rates on our 10-section block in Kakwa South.
The 16-07 Well was drilled to a total measured depth of 5053m including a horizontal leg of approximately 1000m. The well was logged and is currently being cased. Subject to equipment availability and weather, the 16-07 Well will be completed after spring breakup this June. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Being the first operated well
The 02/14-30 Well is the first well on the joint venture acreage that has been completed in the D4 unit, an upper interval of the Montney formation. The 02/14-30 Well was drilled to a total measured depth of 4563m with a horizontal leg of approximately 1100m or 200m-500m shorter than the previously drilled horizontal wells. The well was completed using
Michael Binnion, President and Chief Executive Officer, commented, “We had a very good year focused on building our new core area in the Montney. Following our discovery well in mid-2012, we aggressively acquired a land position to give us the scale needed for development. We now hold 59 net sections in a condensate-rich fairway that is being proven up by