Questerre's partner spuds first of St. Lawrence wells

Questerre's partner spuds first of St. Lawrence wells
2008-09-12 05:55 ET - News Release
Mr. Michael Binnion reports

QUESTERRE ENERGY CORPORATION: SEPTEMBER 12, 2008-TALISMAN SPUDS LA VISITATION WELL

Questerre Energy Corp.'s partner, Talisman Energy Inc., the operator, has recently spudded the first of three commitment wells under its farm-in agreement with Questerre Energy in the St. Lawrence lowlands, Quebec.

The wells will test multiple horizons including the Trenton Black River, Utica and Lorraine shale sequences. Upon earning, Questerre and its subsidiaries will hold a 25-per-cent interest on this land, along with a 4.25-per-cent gross overriding royalty on production from Talisman.
We seek Safe Harbor.

Treasure Picks Definition:

Spudding in"Spudding in," or to "spud" a well, means to begin drilling operations. The drill string, consisting of a drill bit, drill collars, drill pipe, and kelly, is assembled and lowered into the conductor pipe. Drilling fluid, better known as drilling mud, is circulated through the kelly and the drill string by means of pipes and flexible hose connecting the drilling fluid or mud pumps and a swivel device attached to the upper end of the kelly. The swivel device enables drilling mud to be circulated while the kelly and drill string are rotated. The mud pump draws fluid from mud tanks or pits located nearby. The drilling mud passes through the kelly, drill pipe, drill collars, and drill bit. It is returned to the surface by means of the well bore and the conductor pipe where it is directed to a device called a shale shaker. The shale shaker separates the drill cuttings and solids from the drilling mud, which is returned to the mud tanks to be circulated again (fig. 23). As the drill string is rotated in the well bore, the drill bit cuts into the rock. The drilling mud lubricates and cools the drill bit and drill string and carries the drill cuttings to the surface (fig. 23).
Figure 23--Diagram illustrating the drilling-fluid (drilling-mud) system and the flow of fluids through the system.

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