Under the deal, the company will develop two blocks covering 388km2 in the Isfir-Jafr area, approximately 200km south of Amman, with an investment of between $3m to $5m, over an initial two-year period.
To date, Natural Resources Authority of Jordan has drilled a total of 35 core holes on the two blocks.
Currently, the available data is being analyzed by Questerre to develop its work program, which aims to assess the acreage for potential oil shale development.
In particular, the assessment will focus on economic viability, geologic, geophysical, hydrological studies as well as the feasibility of internal project electrical generation using oil shale.
The agreement also includes an option for period extension.
Based on the results, Questerre will develop a subsequent work program during the initial phase of a future concession agreement.
Questerre Energy currently has base production and reserves in the tight oil Bakken/Torquay of southeast Saskatchewan.
