Dear Investor,
Calgary, Alberta -- Questerre Energy Corporation (?Questerre? or the ?Company?) (TSX,OSE:QEC) is pleased to report on the test results from the St. Edouard No. 1A horizontal well in the St. Lawrence Lowlands, Quebec.
The horizontal well was successfully completed with 8 stage fracture stimulations. Clean-up and flow back commenced January 29, 2010. Initial rates were over 12 MMcf/d. During the test, the well flowed natural gas at an average rate of over 6 MMcf/d.
The well is currently still flowing on an extended production test. The current rate is approximately 5 MMcf/d at a flowing tubing pressure of 4412 kPa (640 psi) with a choke size of 5/8 inch.
Michael Binnion, President and Chief Executive Officer of Questerre, commented, ?This first horizontal result is simply excellent!?
During the completion, microseismic data was gathered using the St. Edouard No. 1 vertical well as a monitoring well. Preliminary analysis indicates the fracs were successful in stimulating sufficient rock volume in the entire Utica sequence.
Mr. Binnion added, ?The initial rates from St. Edouard exceed our internal threshold for commercial production on a per well basis based on targeted development costs.?
The Company and the operator are evaluating pipeline options to tie-in the St. Edouard location.
Questerre Energy Corporation is an independent energy company focused on shale gas in North America. The Company is concentrated on establishing commerciality of its Utica shale gas discovery in the St. Lawrence Lowlands, Quebec.
For further information, please contact:
Questerre Energy Corporation
Anela Dido, Investor Relations
23/2 2010 08:47 Hegu 0
26199 Sorry Jem, så ikke dit indlæg, mens jeg sad og fiflede med mit eget på notebooken.
Det bliver en fed dag.
Med venlig hilsen
Hegu
Det bliver en fed dag.
Med venlig hilsen
Hegu