Canadian Quantum Energy Corporation says that the 16A-11-56-27W4 well (16A-11) has now been drilled, logged and cased as a potential oil well. Completion of the 16A-11 well will commence early in January. Canadian Quantum has a 20% interest in the 16A-11 well, a 25% working interest in the next two wells and a 50% working interest in the balance of the 27 section Alexander Property.

Canadian Quantum Energy Corporation holds 1,600 gross acres at Turin, Alberta and 17,280 gross acres / 27 sections on the Alexander First Nations lands in Central Alberta along with various interests in approximately 174,000 gross acres covered by four permits in the St. Lawrence Lowlands, Quebec Utica Shale Play.

Tags: Canadian Quantum Energy Corp.