NEWS: TLM Spuds 1st Of 3 on Lowlands
Sep 12, 2008 00:15 ET
Questerre Energy Corporation: September 12, 2008-Talisman Spuds La Visitation Well
CALGARY, ALBERTA--(Marketwire - Sept. 12, 2008) -
NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) reported today that Talisman Energy Inc. ("Talisman"), the operator, has recently spudded the first of three commitment wells under its farm-in agreement (the "Agreement") with Questerre in the St. Lawrence Lowlands, Quebec.
The wells will test multiple horizons including the Trenton Black River, Utica and Lorraine shale sequences. Upon earning, Questerre and its subsidiaries will hold a 25 per cent interest on this land, along with a 4.25 per cent gross overriding royalty on production from Talisman.
Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.
This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company's plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.
This news release does not constitute an offer of securities for sale in the United States. These securities may not be offered or sold in the United States absent registration or an available exemption from registration under the United States Securities Act of 1933, as amended.