Brief: Questerre: Gross reserves grew by over 20 pct in 2016

Questerre Energy (Canada)

24/02/2017 08:07

OSLO, Feb 24 (Reuters) - Canada oil and gas firm 
Questerre QEC.TO  QEC.OL : 
    * Corporate total proved plus probable gross reserves grew 
by over 20 pct or 3.4 MMBoe from 12.92 MMBoe to 15.78 MMBoe, net 
of production during the year 
    * This growth has been entirely in the Montney which 
currently represents approximately 90 pct of our total reserves 
    * The before tax NPV-10 pct estimated for the corporate 
proved and probable reserves using McDaniel's year-end 2016 
price forecast is $155.59 million 
    * Reserves Assessment and Evaluation of its oil and natural 
gas properties, as evaluated by McDaniel & Associates 
Consultants Ltd. with an effective date of December 31, 2016   
    * Plans to participate in up to 8 (2.0 net) additional wells 
at Kakwa in 2017For full Q4 report: 
file:///C:/Users/U8018554/Downloads/170223_QEC_Press_Release.pdf 
 
     
     
 
 
 (Reporting By Ole Petter Skonnord) 
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))