Quattro Exploration and Production Ltd. reports the resumption of trading of its common shares on the TSX Venture Exchange under the trading symbol 'QXP' and the successful addition of 200 boe per day at Milo Clarke Lake, in North East British Columbia. Quattro focused in the first quarter of 2015 on the remediation, equipping of 3 wells in the region and a re-entry program at Muskwa, a well that had been producing from a Keg River reef that was suspended by the previous operator.
In the summer of 2014, upon evaluating the well and the associated structure with use of 3D seismic, Quattro verified the well as a re-entry candidate and assumed operatorship. In doing so the Company also increased its interest in the well and associated lands to 70%, prior to commencing operations in the 1st Quarter of 2015. The well which was previously tied-in to the Quattro operated facility at Milo-Clarke Lake, was re-entered, tested, equipped and successfully put into service in March of 2015. Initial tests recorded rates of 2 mmcf for 24 hours, and upon further analysis was put into service at restricted rates averaging 1.2 mmcf/day, over the past 90 days.