Questerre Energy Corp. reported today on its financial and operating results for the quarter ended March 31, 2026. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "The turnaround at PX Energy is producing results. In our first full quarter with management control, lifting costs in Brazil were reduced by $7.6 million or over 30% to $17.5 million from $25.5 million last quarter. With stronger [...]
Questerre Energy Corp. reported today it has successfully closed the previously announced sale of its non-operated minority working interest in its Kakwa Central assets for total consideration of $23.5 million effective May 1, 2026. Pursuant to a purchase and sale agreement, the consideration includes a cash payment of $23.5 million, the assumption of decommissioning liabilities for the assets as well as the Company's [...]
Questerre Energy Corp. is providing a clarification to its previously disclosed estimated production following the disposition of its Kakwa Central assets. The Company's original press release issued earlier today reported estimated production of approximately 4,500 boe per day after the disposition. This figure was not based on production volumes, but rather on first quarter 2026 sales volumes of approximately 5,300 boe [...]
Questerre Energy Corp. reported today it has entered into a binding agreement to sell its non-operated minority working interest in its Kakwa Central assets for total consideration of $23.5 million. Pursuant to a purchase and sale agreement, the consideration includes a cash payment of $23.5 million, the assumption of decommissioning liabilities for the assets as well as the Company's commitments under its firm [...]
Questerre Energy Corp. reported today on recent public comments by political leaders and observers in Quebec regarding the province's energy security and the potential role of local natural gas development as well as a notice from the Government. Following the completion of the corporate reorganization in January 2026, the economic rights to the Quebec assets are held by the Series 2 Preferred shareholders of the Company [...]
Questerre Energy Corp. reported today on key information related to the reorganization to spin out the Company's Quebec assets. As noted in the Company's press release dated January 15, 2026, shareholders approved a special resolution to implement the reorganization. Pursuant to the reorganization, the Company's existing Class A Common Shares will be exchanged for a new class of Class A Common Shares and Series 2 [...]
Questerre Energy Corp. announced today that, at the special meeting of shareholders held on January 15, 2026 , the corporate reorganization to implement the spin out of the Company's Quebec assets was approved. By vote held by ballot, the special resolution to approve the Articles of Amendment to the Company's current articles as set forth in the Management Information Circular dated December 12, 2025, and announced on [...]
Questerre Energy Corp. reported today the term sheet for a 50/50 joint venture to develop Parana Xisto SA with a local Brazilian partner has expired in accordance with its terms. Questerre remains the 100% owner and operator of PX Energy, an oil shale production and refining company based in southern Brazil. As a result, the Company's financial and operating results for the quarter and period ending December 31, 2025 [...]
Questerre Energy Corp. is pleased to announce it has closed the acquisition of Red Leaf Resources Inc. through the exchange of Red Leaf common shares for Class "A" Common voting shares . Michael Binnion, President and Chief Executive Officer of Questerre, commented, "The closing of the Red Leaf acquisition is another step forward in our strategy to commercialize oil shale as a globally competitive resource. Red Leaf hold [...]
Questerre Energy Corp. updated corporate developments related to the spin out of its Quebec assets and the PX Energy transaction. Quebec Spinout The Company reported that a Special Meeting of Shareholders is scheduled for January 15, 2026, to i) elect the Board of Directors for the Company and ii) to approve an amendment to the Company's Articles for the Quebec Spinout. A copy of the management information circular [...]
Questerre Energy Corp. is pleased to announce its plans to consolidate the remaining common equity interest in Red Leaf Resources, Inc. through an exchange of Red Leaf common shares for Class "A" Common voting shares of Questerre . Red Leaf is a private US-based technology company whose principal assets include its patented HCCO® oil-shale processing technology and mineral leases in the State of Utah. Questerre currently [...]
Questerre Energy Corp. reported today that Nice Capital Holdings Ltda. , a member of the Nimofast Group , has received regulatory approval to proceed with its joint venture with Questerre for the development of Parana Xisto SA , an oil shale production and refining company based in southern Brazil . The Brazilian Administrative Council for Economic Defense issued a certificate yesterday for its final and non-appealable [...]
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