Brief: Questerre Energy ‍in farm-in deal to develop its Kakwa area

Questerre Energy (Canada)

05/03/2018 07:38

March 5 (Reuters) - Questerre Energy Corp  QEC.TO :
    * QUESTERRE TO DEVELOP KAKWA NORTH ACREAGE WITH PARTNER
    * ‍ENTERED INTO AN AGREEMENT WITH AN EXPERIENCED OPERATOR TO
DEVELOP ITS 100% OWNED ACREAGE IN KAKWA AREA​
    * ‍FIRST WELL AT KAKWA NORTH SHOULD SPUD NEXT QUARTER,
SUBJECT TO
RIG AVAILABILITY​
    * ‍GIVEN STRONG CONDENSATE PRODUCTION AND LOW SOUR CONTENT
FROM
NEARBY WELLS ON OUR JOINT VENTURE ACREAGE WE ARE LOOKING FORWARD
TO RESULTS​
    * ‍WITH THIS JOINT VENTURE WE ARE DEVELOPING OUR OPERATED
ACREAGE
AND PRESERVING CAPITAL PRIMARILY FOR QUEBEC​
    * ‍FARM-IN PARTNER IS AN EXPLORATION AND PRODUCTION COMPANY
WITH
EXTENSIVE OPERATING EXPERIENCE WITH MONTNEY FORMATION​
    * ‍FARM-IN PARTNER HAS RIGHT TO DRILL, COMPLETE, EQUIP AND
TIE-IN
TWO HORIZONTAL WELLS TARGETING MONTNEY FORMATION TO EARN A 50%
INTEREST IN CERTAIN ACREAGE​

Source text for Eikon:  urn:newsml:reuters.com:*:nObi3M0rVa
Further company coverage:  QEC.TO 

 (Reporting By Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com;))