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Questerre Energy Corporation: second well spud at Kakwa North

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Oilfield Technology,

The operator, Kicking Horse Oil & Gas Ltd., has commenced completion operations on the first well, 103/16-29-063-6W6M well (the "103/16-29 Well") which includes a 2700 m horizontal leg in the Montney Formation.

Drilling operations also commenced on the second well, 100/01-04-064-6W6M (the “01-04 Well”) The well is programmed to include an approximate 2900 m lateral in the Montney Formation. Questerre will hold a royalty interest in the 103/16-29 Well and the 01-04 Well, subject to standard payout provisions.

Questerre Energy Corporation is leveraging its expertise gained through early exposure to shale and other non-conventional reservoirs. The Company has base production and reserves in the tight oil Bakken/Torquay of southeast Saskatchewan. It is bringing on production from its lands in the heart of the high-liquids Montney shale fairway. And pursuing oil shale projects with the aim of commercially developing these massive resources.

Questerre is a believer that the future success of the oil and gas industry depends on a balance of economics, environment and society. We are committed to being transparent and are respectful that the public must be part of making the important choices for our energy future.

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