THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, Nov. 16, 2018 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has completed a major expansion of its core acreage in the Kakwa area. The Company has acquired 34 (17 net) sections for the Montney Formation immediately offsetting its producing acreage at Kakwa and its acreage at Kakwa North. The lands are subject to an industry standard gross overriding royalty. Subject to the drilling of additional wells under its farm-out agreement at Kakwa North, the Company will hold 63 (27.5 net) sections of Montney rights in the Kakwa area. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “With this strategic acquisition we have more than doubled our Kakwa land position. It lies directly south of our recent Kakwa North well that tested at 2,900 boe/d (1) . The pipeline tie-in underway for Kakwa North will run through these new lands. This should make development easier and less costly.” Questerre Energy Corporation is leveraging its expertise gained through early exposure to shale and other non-conventional […]
