Exploration & Production | Top Story
Questerre Develops New Core Area
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Questerre Energy Corporation reported on its preliminary financial and operating results for the year ended December 31, 2012.
Michael Binnion, President and Chief Executive Officer, commented, "We refocused the company in 2012 adding two new projects we believe will create significant value. Our discovery well in the Kakwa-Resthaven area of Alberta for liquids-rich natural gas created a new core area that has the same scale of resource potential as our Utica shale discovery in Quebec. Following our successful wells in 2012, we made a major investment in this area this year and we now hold a total of 45 net sections. The increase in our proved and probable reserves at year-end reflects our early success on this large-scale project."
Mr. Binnion added, "In keeping with our strategy of…
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