Questerre Energy tests fifth liquids-rich Montney well at over 1,400 boed

10/17/2013

Questerre Energy tests fifth liquids-rich Montney well at over 1,400 boed

CALGARY -- Questerre Energy has reported the test results from its fifth horizontal well at 05-23-63-6W6M, in the Kakwa-Resthaven area of west-central Alberta.

The 05-23 well is approximately 2 mi west of the existing producing wells on its JV acreage, and 70 to 100 m deeper, vertically. The well was successfully completed with a seven-stage slick water fracture stimulation, in the 1,400 m horizontal section. The well was tested for a 170-hr period thereafter.

Over the last 24 hr of the production test, the well flowed 815 bpd of condensate, and 3.7 MMcfd of natural gas, against anticipated gathering system pressure of approximately 290 psi, on choke sizes ranging from 0.5 to 1 in. During the entire test, the well flowed at an average condensate to natural gas rate of 195 bbl per MMcf. The well will be tied into the local gathering system shortly. Questerre holds a 25% working interest in 05-23.

The company also reported that its next JV well, at 16-25-63-5W6M, has reached total measured depth of 4,680 m. Production casing is being run into the 16-25 well and, subject to equipment availability and weather, completion operations are scheduled to begin next month. Drilling time from spud to total measured depth for 16-25 took approximately 34 days, 12 days shorter than previous wells on its JV acreage.

Questerre updated the testing of the 15-01 well, recently designated as the 09-01-62-6W6M well. A chemical soak and squeeze on the Montney formation was successful in re-establishing gas flows and high pressure on surface. The flow from 09-01 included very anomalous hydrogen sulfide rates.

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