CALGARY, Alberta, Aug. 27, 2018 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) updated activities at Kakwa North, offsetting its joint venture production in the area.
The operator, Kicking Horse Oil & Gas Ltd., has commenced completion operations on the first well, 103/16-29-063-6W6M well (the “103/16-29 Well”) which includes a 2700m horizontal leg in the Montney Formation.
Drilling operations also commenced on the second well, 100/01-04-064-6W6M (the “01-04 Well”) The well is programmed to include an approximate 2900m lateral in the Montney Formation. Questerre will hold a royalty interest in the 103/16-29 Well and the 01-04 Well, subject to standard payout provisions.
Questerre Energy Corporation is leveraging its expertise gained through early exposure to shale and other non-conventional reservoirs. The Company has base production and reserves in the tight oil Bakken/Torquay of southeast Saskatchewan. It is bringing on production from its lands in the heart of the high-liquids Montney shale fairway. And pursuing oil shale projects with the aim of commercially developing these massive resources.
Questerre is a believer that the future success of the oil and gas industry depends on a balance of economics, environment and society. We are committed to being transparent and are respectful that the public must be part of making the important choices for our energy future.