Welcome To The Questerre Energy HUB On AGORACOM

(Edit this message through the "fast facts" section)

Free
Message: Questerre secures final contracts for guaranteed market access
Calgary, Alberta -- Questerre Energy Corporation 
("Questerre" or the "Company") (TSX,OSE:QEC) is 
pleased to announce that is has concluded the final 
agreements for market access for its natural gas and 
liquids production in the Kakwa-Resthaven area of west 
central Alberta.

Michael Binnion, President and Chief Executive 
Officer, commented, "These contracts are the 
cornerstone of our wellhead to burner tip strategy. 
They include firm transportation for our natural gas 
and liquids, including condensate. We also have 
secured fractionating capacity and long-term marketing 
contracts for the liquids. These match our commitment 
to firm processing capacity for 20 MMcf/d of natural 
gas and liquids that is expected to commence in early 
to mid-2015."

He added, "These take or pay contracts leverage third 
party capital, reducing the capital we would otherwise 
require to finance the necessary investment in 
infrastructure. With these agreements, we now have the 
infrastructure in place to ramp up our natural gas 
production to a minimum of 20 MMcf/d in the latter 
part of 2015. Coupled with the liquids rates from our 
existing wells, we expect this production could be 
over 5,000 boe/d net to Questerre."

Through its participation in a third party pipeline 
expansion, the Company has entered into an agreement 
for firm transportation of natural gas liquids 
including condensate from the Kakwa-Resthaven area to 
Edmonton. The committed volumes under this contract 
are approximately 3,000 barrels of liquids per day. 
Questerre also concluded an agreement with a third 
party for fractionating and marketing for the natural 
gas liquids associated with its production in the 
Kakwa-Resthaven area. Lastly, the Company also 
concluded an agreement with a major pipeline company 
for firm transportation capacity for 19 MMcf/d of 
sales gas. These contracts are subject to receipt of 
all requisite regulatory and environmental approvals.
Share
New Message
Please login to post a reply