Since spring breakup, Questerre participated in the drilling and completion of six (3.71 net) wells with five (3.21 net) wells cased as potential gas producers, one (0.5 net) dry and abandoned for an 83% success rate. Subject to equipment availability and weather conditions, the successful wells will be completed and tied-in prior to year-end.
Over the balance of this year, Questerre plans to drill four to nine additional wells in this area both on its existing acreage as well lands under the farm-in agreement with Apache Canada Ltd.
Michael Binnion, President and Chief Executive Officer, commented, " I am pleased with the early progress made in our drilling program. I look forward to the results of the testing and subsequent completion and tie-in of the wells later this year."
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.
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