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
2 Utskriftsdato 23.2.2010
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
(403) 777-1185 | (403) 777-1578 (FAX) |Email:
info@questerre.com
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