Exploration & Production | Top Story
Questerre to Step Up Montney Development; Tags 130 MMBOE Potential
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Questerre Energy Corporation has reported on its financial and operating results for the second quarter of 2013.
Michael Binnion, President and Chief Executive Officer, commented, "Our investment to build Kakwa-Resthaven into a new core area was endorsed by the results of the recent Montney resource assessment. We believe our acreage lies in the sweet spot of the play or the acreage that will be the most economic. Initial wells at the early part of the learning curve are already delivering promising results. We plan to further derisk our land by participating in up to three additional joint venture wells in the second half of 2013.
"We are also finalizing our strategy to develop our acreage in this condensate-rich resource. Market access is proving to be a critical path issue. Questerre…
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