Posted in | News | Natural Gas | Oil Shale | Mining Business

Quad Energy Receives PUD Reserves Estimate for Cave Pool Property

Mar 5 2011

Quad Energy Corp. (Pink Sheets: CDID) has announced it has received information on an estimate of the PUD reserves on the Cave Pool Unit.  

This estimate is based on a third party reserve study on offset leases in the Greyburg formation.  The reserve report prepared by Russell Hall and Associates assigned gross reserves to each well on the offset leases at 35.3 MBbls oil and 35.3 MMcf gas (41.2 MBOE) per well.  These reserves are forecast to be produced with an initial production rate of 800 BOPM.

Source: Quad Energy Corp.

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