03:45 PM EST - Questerre Energy Corporation : updated the status of its three existing wells targeting liquids-rich natural gas in the Kakwa-Resthaven area of Alberta. Production from the first well commenced earlier this month through a third party processing plant. The operator has placed the well on production at rates of approximately 4 MMcf/d and an estimated 100 bbls/MMcf of condensate and natural gas liquids. Liquids and condensate recoveries will be based on available processing capacity at the plant. Questerre has a 37.5% working interest in this well before payout and a 25% working interest in this well after payout. Its net share of production is estimated at close to 400 boe/d. Questerre Energy Corporation
shares T.QEC are trading unchanged at $0.72.
