Questerre (TSE:QEC) has released an update.
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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.
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