Calgary-based Talisman's unconventional gas-field partner Questerre Energy Corp. — a favourite among Norwegian investors — has reported commercial test results from shale gas holdings in the St. Lawrence Lowlands of Quebec, Canada's French-speaking nation and a budding new "gas province".
The smaller Questerre's share price rose 6.99 percent on the news.
The Utica St. Edouard #1 well was stimulated in late July and has now flow-tested 2.6 million cubic feet of gas per day over 10 days and then 700 MMcfd when on a one-inch choke.
The positive result "correlates with our results across the basin," company boss Michael Binnion was quoted as saying,
"We have now confirmed effective rock properties and encouraging stable gas rates for an area extending over 100 km from St. David #1 to St. Edouard #1," he said.
Operator Talisman is reviewing locations for producing horizontal wells adjacent to vertical test wells. A first horizontal well looks set to be drilled this autumn at the St. Edouard #1 site.t the St. Edouard #1 site.
Tags:
Questerre Energy Corporation,
Talisman Energy
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