Leclercville #1 viste pæne resultater, men ikke nok til stand alone !
Dagens melding, som betød at mit udbud røg 9 sekunder efter (men nu dykker den måske kraftigt i skuffelse så uptrend brydes):
Calgary, Alberta - Questerre Energy Corporation
(Questerre or the Company) (TSX,OSE:QEC) reported
today that testing will commence shortly on multiple
shale intervals for the St. Edouard #1 well in the
St. Lawrence Lowlands, Quebec. This follows a recent
open-hole test of the deeper Trenton Black-River
(TBR) interval in this well.
Michael Binnion, President and Chief Executive
Officer of Questerre, commented, With the
significant natural fracturing and over-pressured
intervals encountered while drilling, we look forward
to the stimulation and testing of the shales in St.
Edouard #1. This well offsets the Leclercville #1
well that recently tested 900 mcf/d on a stabilized
basis from the Utica.
Testing of multiple intervals in the upper shale
sequences will begin this summer once equipment and
personnel are mobilized.
The TBR carbonate interval was acid stimulated and
the well flowed sweet natural gas over a three-day
test period with a final rate of 2.2 mmcf/d and
wellhead pressure of 2000 psi (14 Mpa) on a 7/32 inch
(5.6 mm) choke. No water was produced on this test.
The well is currently shut-in for buildup and further
testing. Based on an initial review of the pressure
data, the Company anticipates the TBR zone in this
well will not support the tie-in costs to the
distribution system on a stand-alone basis.
Mr. Binnion further added, The natural fracturing
contributed to strong initial flow rates from the
TBR. More importantly, the cuttings indicate altered
limestone that confirms the potential for the TBR
exploration model. While we do not expect to tie-in
this well, we believe the TBR remains a valid
exploration target and plan to test additional
prospects with future wells.
This news release contains forward-looking
information. Implicit in this information are
assumptions regarding commodity pricing, production,
royalties and expenses, that, although considered
reasonable by the Company at the time of preparation,
may prove to be incorrect. These forward-looking
statements are based on certain assumptions that
involve a number of risks and uncertainties and are
not guarantees of future performance. Actual results
could differ materially as a result of changes in the
Companys plans, commodity prices, equipment
availability, general economic, market, regulatory
and business conditions as well as production,
development and operating performance and other risks
associated with oil and gas operations. There is no
guarantee made by the Company that the actual results
achieved will be the same as those forecasted herein.
This news release does not constitute an offer of
securities for sale in the United States. These
securities may not be offered or sold in the United
States absent registration or an available exemption
from registration under the United States Securities
Act of 1933, as amended.
Questerre 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.
Dagens melding, som betød at mit udbud røg 9 sekunder efter (men nu dykker den måske kraftigt i skuffelse så uptrend brydes):
Calgary, Alberta - Questerre Energy Corporation
(Questerre or the Company) (TSX,OSE:QEC) reported
today that testing will commence shortly on multiple
shale intervals for the St. Edouard #1 well in the
St. Lawrence Lowlands, Quebec. This follows a recent
open-hole test of the deeper Trenton Black-River
(TBR) interval in this well.
Michael Binnion, President and Chief Executive
Officer of Questerre, commented, With the
significant natural fracturing and over-pressured
intervals encountered while drilling, we look forward
to the stimulation and testing of the shales in St.
Edouard #1. This well offsets the Leclercville #1
well that recently tested 900 mcf/d on a stabilized
basis from the Utica.
Testing of multiple intervals in the upper shale
sequences will begin this summer once equipment and
personnel are mobilized.
The TBR carbonate interval was acid stimulated and
the well flowed sweet natural gas over a three-day
test period with a final rate of 2.2 mmcf/d and
wellhead pressure of 2000 psi (14 Mpa) on a 7/32 inch
(5.6 mm) choke. No water was produced on this test.
The well is currently shut-in for buildup and further
testing. Based on an initial review of the pressure
data, the Company anticipates the TBR zone in this
well will not support the tie-in costs to the
distribution system on a stand-alone basis.
Mr. Binnion further added, The natural fracturing
contributed to strong initial flow rates from the
TBR. More importantly, the cuttings indicate altered
limestone that confirms the potential for the TBR
exploration model. While we do not expect to tie-in
this well, we believe the TBR remains a valid
exploration target and plan to test additional
prospects with future wells.
This news release contains forward-looking
information. Implicit in this information are
assumptions regarding commodity pricing, production,
royalties and expenses, that, although considered
reasonable by the Company at the time of preparation,
may prove to be incorrect. These forward-looking
statements are based on certain assumptions that
involve a number of risks and uncertainties and are
not guarantees of future performance. Actual results
could differ materially as a result of changes in the
Companys plans, commodity prices, equipment
availability, general economic, market, regulatory
and business conditions as well as production,
development and operating performance and other risks
associated with oil and gas operations. There is no
guarantee made by the Company that the actual results
achieved will be the same as those forecasted herein.
This news release does not constitute an offer of
securities for sale in the United States. These
securities may not be offered or sold in the United
States absent registration or an available exemption
from registration under the United States Securities
Act of 1933, as amended.
Questerre 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.
