Questerre's St. Edouard No. 1A tests at 12 mmcf/d

Can we have a repeat of April-June 2008? Absolutely. These results will draw the institutions back in. ATI, CQM and KTX are 3 stocks that will likely move towards their all-time highs over the coming months. QEC, JNX, GMR and PCQ will also move substantially higher. The 4 Horseman of the Utica Shale (+CQM) are galloping proudly once again.




Questerre's St. Edouard No. 1A tests at 12 mmcf/d


2010-02-23 08:09 ET - News Release

Mr. Michael Binnion reports

QEC ANNOUNCES UTICA WELL TESTS AT 12 MMCF/D

Questerre Energy Corp. has released the test results from the St. Edouard No. 1A horizontal well in the St. Lawrence Lowlands in Quebec.

The horizontal well was successfully completed with eight stage fracture stimulations. Cleanup and flowback commenced Jan. 29, 2010. Initial rates were over 12 million cubic feet per day. During the test, the well flowed natural gas at an average rate of over six million cubic feet per day.

The well is currently still flowing on an extended production test. The current rate is approximately five million cubic feet per day at a flowing tubing pressure of 4,412 kilo-pascals (640 pounds per square inch) with a choke size of five-eighths of an inch.

Michael Binnion, president and chief executive officer of Questerre, commented, "This first horizontal result is simply excellent!"

During the completion, microseismic data were 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.

We seek Safe Harbor.