Questerre: A-8 Canadian Well Promising
Questerre Energy Corporation reported on the recent test results from the A-8 well at the Beaver River Field in British Columbia.
Following the initial test in January, the well was placed on an extended flow and buildup. Over a 50-hour test period the A-8 well flowed at stabilized rates of approximately 400 mcf/d (67 boe/d) and 900 bbls/d of formation water on a 3/8-inch choke with a flowing tubing pressure of 4300 kPa.
Questerre is currently evaluating further testing of the Nahanni with its partner, Transeuro Energy Corp. The Company is also assessing testing the shallower prospective zones, including the Mississippian Prophet. The construction of pipelines and production facilities for this well will depend on the final test results from the Nahanni and the shallower zones.
Michael Binnion, President and Chief Executive Officer of Questerre, commented, "These full test results are consistent with the preliminary test results announced in January. While we expect to produce the A8 well on a commercial basis we do not expect it to make a material impact on our production numbers as we originally hoped for."
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