Questerre Energy Corp. has increased its year-end reserves estimates on the strength of its Utica shale gas discovery in Quebec. Utica is now estimated to have a recoverable resource of 17.99 Tcf giving Questerre a net of 4.36 Tcf.
Questerre president and CEO Michael Binnion states: “We are increasingly confident in the prospects for our significant Utica resource”.
Press Release: Questerre updates Utica resources and conventional reserves
Related HRN Story: Shale gas in Quebec shows early promise
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