Questerre Energy Corp (C-QEC) - News Release

Transeuro drilling A-8 well faster than normal

2007-10-24 02:51 PT - News Release
Shares issued 155,191,750
QEC Close 2007-10-23 C$ 0.85

From News Release (C-TSU) Transeuro Energy Corp

Mr. Harold Hemmerich of Transeuro reports

TRANSEURO ENERGY CORP.: BEAVER RIVER DRILLING UPDATE

Transeuro Energy Corp. and Questerre Energy Corp. are releasing details on developments at the Beaver River field in British Columbia.

Transeuro provides updated drilling operations on the A-8 well at the Beaver River field. The well experienced a significant gas kick shortly after drilling out of the casing shoe into the Mattson horizon at approximately 1,720 metres. Drilling was proceeding at rates of up to 16 metres per hour, unusually fast for this area. Controlling the gas kick took longer than expected. During this time, excess drill cuttings wedged in the bottom-hole assembly after which mud circulation could not be re-established. Over the prior week, most of the bottom-hole assembly has been recovered and the well was successfully side-tracked around the remaining equipment left in the hole. Drilling is progressing at approximately 2,100 metres through the Mattson zone. Based on its prognosis, Questerre expects to encounter the same Mattson interval responsible for production in the A-2 well at a depth of just over 2,400 metres.

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