Questerre Energy Corporation (Questerre or the Company) is pleased to report on the test results from its fourth horizontal well (the "03-19 Well") in the Kakwa-Resthaven area of west central Alberta.
The well was successfully completed with a 14-stage water-based nitrogen foam fracture stimulation in the 1321m horizontal section. Initial clean up and flow back began on March 11 2013 and the well was tested for a 161-hour period thereafter.
Over the last 24 hours of the production test, the well flowed 826 bbl/d of condensate and 5.83 MMcf/d of natural gas against anticipated gathering system pressure of approximately 5000 kPa (725 psi). Production tubing has been installed and the well will be tied into a third party processing plant shortly. Questerre holds a 25% working interest in the 03-19 Well.
The operator reported that work will begin to add liquids handling facilities on site to accommodate both the 03-19 Well and the Company's second well, the 14-30 Well, that share the same surface location. Production from both these wells is expected to commence in mid-April 2013. The operator also reported that it is currently permitting multiple locations and anticipates the next well will spud post spring breakup.
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