ORLANDO, Fla., March 4, 2011 /PRNewswire/ -- Quad Energy Corp. (Pink Sheets: CDID) is pleased to announce 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.
About Quad Energy Corp.
Quad Energy Corp. is independent junior oil and gas exploration, development and production company headquartered in Orlando, FL. The company is duly incorporated in the State of Nevada. The company's common shares are listed for trading on the electronic over the counter pink sheets (OTC-PINK) market in the United States and trades under the symbol "CDID"
On behalf of the Board of Quad Energy Corp
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