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Questfire Energy Corp lifts production restrictions at Open Lake property


Published Jan 4, 2016
Questfire Energy Corp.

Questfire Energy Corp. says that production curtailments due to Nova Gas Transmission (NGTL) restrictions at the Corporation's core Open Lake property in West Central Alberta have recently been lifted. Questfire's current production is now in the 5,200 boepd range and is comprised of 25 percent oil and natural gas liquids and 75 percent natural gas. Current production capability is estimated to be in the 5,300 to 5,400 boepd range.

Questfire estimates that production curtailments due to NGTL restrictions, which commenced in March, have averaged approximately 350 boepd for 2015. The current production rate of 5,200 boepd is essentially flat compared to first quarter average production of 5,203 boepd and illustrates the low decline nature of the Corporation's production base. Only one 100 percent working interest well was drilled by Questfire this year in the Morningside field and commenced production in mid-October.

Tags: Questfire Energy Corp.




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