Questerre Energy Corporation reports the test results from the second well at Kakwa North in west central Alberta.

The operator recently completed the second farm-in well, 100/01-04-64-6W6M well (the "01-04 Well"), with a 2900m horizontal leg in the Montney Formation. During the last 24 hours of a 200-hour production test, the 01-04 Well flowed 9.8 MMcf/d of natural gas and 1,124 bbls/d of condensate (2,770 boe/d). Although the early results from the 01-04 Well are encouraging they are not necessarily indicative of long-term performance or ultimate recovery.

The operator intends to tie-in the 01-04 Well to the pipeline currently under construction. Questerre will hold a royalty interest in the 01-04 Well subject to standard payout provisions. 

Michael Binnion, President and Chief Executive Officer of Questerre, commented, 
“With two wells testing at an average rate of 2,800 boe/d, we are proving up the potential of Kakwa North. One more farm-in well should spud early next year. Together with our recently acquired 17 sections, we are looking forward to developing this large contiguous block with our partner.”

The Kakwa-Resthaven area is situated approximately 75 kilometres south of Grande Prairie in west central Alberta.

Among other zones of interest, the area is prospective for condensate-rich natural gas in the deep, over-pressured fairway of the Montney formation, at a depth of approximately 3,100 metres to 3,600 metres. Questerre’s wells are currently targeting one of three prospective intervals in the Upper Montney formation.  Economics are enhanced by relatively high liquids content, particularly condensate, and Crown royalty incentives. Questerre currently holds 18,560 (10,880 net) acres in the area, including a 100% working interest in 4,480 acres (“Kakwa North”) and a 100% interest in 3,840 acres (“Kakwa South”).