March 5 (Reuters) - Questerre Energy Corp QEC.TO :
* QUESTERRE TO DEVELOP KAKWA NORTH ACREAGE WITH PARTNER
* ENTERED INTO AN AGREEMENT WITH AN EXPERIENCED OPERATOR TODEVELOP ITS 100% OWNED ACREAGE IN KAKWA AREA
* FIRST WELL AT KAKWA NORTH SHOULD SPUD NEXT QUARTER,SUBJECT TORIG AVAILABILITY
* GIVEN STRONG CONDENSATE PRODUCTION AND LOW SOUR CONTENTFROMNEARBY WELLS ON OUR JOINT VENTURE ACREAGE WE ARE LOOKING FORWARDTO RESULTS
* WITH THIS JOINT VENTURE WE ARE DEVELOPING OUR OPERATEDACREAGEAND PRESERVING CAPITAL PRIMARILY FOR QUEBEC
* FARM-IN PARTNER IS AN EXPLORATION AND PRODUCTION COMPANYWITHEXTENSIVE OPERATING EXPERIENCE WITH MONTNEY FORMATION
* FARM-IN PARTNER HAS RIGHT TO DRILL, COMPLETE, EQUIP ANDTIE-INTWO HORIZONTAL WELLS TARGETING MONTNEY FORMATION TO EARN A 50%INTEREST IN CERTAIN ACREAGE