Exploration & Production | Reserves
Questerre Updates Reserves and JV Area Assessment
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Questerre Energy Corporation has reported on its 2014 year-end reserves and an updated resource assessment of its joint venture acreage in the Kakwa-Resthaven area of Alberta.
Michael Binnion, President and Chief Executive Officer of Questerre, commented: "The high quality of our Kakwa assets was proven with a significant increase in reserves in 2014 in spite of lower commodity prices. Our net proven and probable reserves for this area are estimated at 11.92 million barrels of oil equivalent. On top of this, the best estimate of economic contingent resources for just our joint venture acreage is 14.34 million barrels of oil equivalent net to our interest. We expect this economic contingent resource could grow substantially as we prove up our operated acreage that represents over 90% of…
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