Stocks in play: Questerre Energy Corporation
Reported today the test results from the second well at Kakwa North. The operator recently completed the second farm-in well, 100/01-04-64-6W6M well with a 2900m horizontal leg in the Montney Formation. During the last 24 hours of a 200-hour production test, the 01-04 Well flowed 9.8 MMcf/d of natural gas and 1,124 bbls/d of condensate (2,770 boe/d). Although the early results from the 01-04 Well are encouraging they are not necessarily indicative of long-term performance or ultimate recovery. Questerre Energy Corporation shares T.QEC are trading unchanged at $0.39.