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Questerre's Montney Resource Potential at 130+ MMBOE
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Questerre Energy Corporation has reported the results of the resource assessment of its Montney acreage in the Kakwa-Resthaven area. The best estimate by the Company's independent reserve engineers of Prospective Resources (PR) is 100 million barrels of oil equivalent and of Economic Contingent Resources (ECR) is 32 million barrels of oil equivalent.
Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We are very pleased that the report puts a significant value on the dense resource we have captured in the Kakwa-Resthaven area over the last year. Economic Contingent Resources were assigned to just over 15% of our total acreage based on proximity to tested or producing Montney wells. We expect that as additional wells are drilled and tested on and adjacent to…
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