Questerre (TSE:QEC) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Questerre Energy Corporation has announced its participation in drilling three new wells at Kakwa North, with a 50% interest and an estimated cost of $21 million. Meanwhile, the company has tied in three new wells at Kakwa Central, showing promising initial production rates. Additionally, Questerre has filed an expert report as part of its legal action in Québec, estimating potential economic losses ranging from $700 million to $4.8 billion if their exploration licenses are revoked.
For further insights into TSE:QEC stock, check out TipRanks’ Stock Analysis page.