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Questerre Energy Corp (Canada) T.QEC

Alternate Symbol(s):  QTEYF

Questerre Energy Corporation is an energy technology and innovation company. It is engaged in the acquisition, exploration, and development of oil and gas projects, in specific non-conventional projects such as tight oil, oil shale, shale oil and shale gas. It holds assets in Alberta, Saskatchewan, Manitoba and Quebec in Canada, as well as in the Kingdom of Jordan (Jordan). Its oil shale assets include its project in Jordan and its investment in Red Leaf Resources Inc. (Red Leaf). It plans to utilize the Red Leaf technology for its project in the Kingdom of Jordan. In Quebec, the project has a comprehensive program to test the carbon storage potential including injection and monitoring wells, compression facilities and a pipeline to an adjacent industrial park. Its Kakwa area is a liquids-rich Montney natural gas resource play situated over 75 kilometers (km) south of Grande Prairie in west central Alberta. Its Antler area is over 200 km southeast of Regina in southeast Saskatchewan.


TSX:QEC - Post by User

Post by Virgil31on May 15, 2013 6:50pm
93 Views
Post# 21399798

earnings

earningsWell we increased production this quarter to 1000 boe. That's a positive. With the third and fourth online hopefully this will make an impact on the next quarters results. Although the shut in wellsat Antler will impact the production rate. Why do we have to do one well at a time every three months. Why can't we do two to get the ball rolling? Hopefully the third wells production will not be impacted too much by the fluid used to kill the well. I believe number 3 or 4 is 100 % operated. If the well tests at 1800 boe then either one will impact our production significantly. We need to get production up to 2000 boe. Perhaps maybe then we'll see a new 52 week high. I believe even The Great St. Edouard well averaged 5 mill / day. These montney wells produce that much anywaysNatural gas prices will be trending upwards for years now as utilities switch to natural gas from coal. Companies will then start drilling again like crazy in all the safe plays; Marcellus, etc.The last play to be developed will be the Utica, that is the eastetn Utica.Questerre should give a one time dividend to shareholders for their sufferage.>
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