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Message: Re: NEWS > Questerre Energy Corporation : Liard Basin Shale Well Flows at 10 mmcf/d

This is great news and great timing since the markets are going up.

"After a minor stimulation, the A-5 well flowed sweet dry natural gas at a stabilized rate of 10 mmcf/d (1,667 boe/d) over a three day test with a wellhead pressure of 3000 psi."

This is an amazing rate - mind you they predict that the overall production from the field will not increase substantially as the rates for A2 + A7 will decrease. But the fracing technology seems to be working out. This appears to mean that there is the potential to drill fewer wells on other sites (ie lower production cost) and recover the same amount of natural gas. I might be wrong, correct me somebody if that is the case, but very positive imho.

The other point that I like is that it will be going into production. More revenue in the future. I guess that we will be seeing that 60% ROE from the bottom today based on the action in Oslo. Looking forward to the open.

Johnyboy


DDD
Oct 14, 2008 06:16AM

Oct 14, 2008 06:51AM

Oct 14, 2008 07:43AM
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Oct 14, 2008 09:36AM
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