$Canadian fracking development$

New wells in the Montney formation

Canada

CALGARY, February 10, 2015 – Canadian exploration firm Questerre stated on Tuesday that two wells in the Kakwa-Resthaven region are complete. The first is in the Montney formation and benefitted from an improved completion technique. The other, in the uphole Halfway zone, is a new pool discovery.

Questerre, which holds a 25-percent stake, reported in early February that testing was finished on the 14-25-63-5W6M well in the Montney formation. Completion operations were set near the end of January, allowing for placement of 84 individual slickwater fracks in the lateral section. Testing consisted of 200 hours, during which the development yielded a maximum flow rate of 2,400 barrels of oil equivalent per day.

Michael Binnion, president and CEO of Questerre, stated, “These results show that we can make a step change in increasing stimulated rock volumes with better completion design. We believe there is a lot of work to do that will lead to even further improvements through technology.”