Questerre Energy Corporation

From the report :

"Correlating this production data with the microseismic data gathered during the completion suggests approximately 40% of the fracs were successful. Our interpretation is only 300m-400m of the 1,000m horizontal section is currently contributing to production. With increased frac effectiveness and longer horizontals in this structured area, we could see recoverable reserves and
initial rates improve significantly.

......

As stated earlier, only 2-3 fracs were effective. Under the fracoperations the companies found the first 5 fracs to be ineffective. They then changed the recipe and got success with the last 3 ones.

These 3 fracs are the only fracs that contributes to the production at St.Edouard.

Imagine what the well would have given if all 8 fracs were like the 3 last ones. Remember that St.Edouard's 30dayIP was 5,7 mmcf/d...

You do the math !

Rgds