Questerre Energy Corp. reported today that the Government of Quebec has passed Bill 21, An Act mainly to end petroleum exploration and production and the public financing of those activities. Michael Binnion, President and Chief Executive Officer, commented, "We are incredibly disappointed that the Government of Quebec has chosen to proceed with this legislation. By blocking the development of its natural gas resources [...]
Questerre Energy Corp. reported today that it has filed its submission with the parliamentary committee in Quebec on Bill 21, An Act mainly to end petroleum exploration and production and the public financing of those activities. The submission includes independent assessments on the economic and environmental impacts of development and the detailed polling data on social acceptability showing strong support for local [...]
Questerre Energy Corp. issued a report to shareholders following the introduction by the Government of Quebec of Bill 21, An Act mainly to end petroleum exploration and production and the public financing of those activities. Michael Binnion, President and Chief Executive Officer of Questerre, stated, "Our company has more than a thirty-year history in the natural gas industry in Quebec. Our founding shareholder [...]
Questerre Energy Corp. reported today the recent Quebec polling results on developing natural gas with new technologies. Over 66% of decided Quebecers support local natural gas development and 20% have no opinion. This support increases to 74% with only 15% against if new technology is used to eliminate emissions, the use of municipal water systems and the use of toxic fluids below ground and 11% have no opinion. Michael [...]
Questerre Energy Corp. reported today it has commissioned a report on a new completion technique to replace conventional frac'ing with a new well stimulation technique. The new technique is designed to address public concerns of conventional frac'ing of rock underground. The preliminary conclusion is that by using lower pressures and rates than the threshold used for fracturing new rock, the new approach will take [...]
The Council of the First Nation of the Abenakis of Wolinak in Quebec and Questerre Energy Corp. reported today that they have signed a joint economic development agreement. The joint venture will focus on developing a net-zero emissions energy hub in Quebec. The hub will demonstrate the emerging circular economy through pilot projects that produce clean energy, including zero-emissions gas, and assess new carbon recycling [...]
Questerre Energy Corp. is issuing this press release in response to recent trading activity. Questerre is not aware of any material, undisclosed information related to the Company's operations and affairs that would account for the recent increase in the market price and trading volume of its common shares. Recent comments by the Government of Quebec relating to potential compensation for revoking hydrocarbon licenses in [...]
Questerre Energy Corp. reported today on its financial and operating results for the third quarter ended September 30, 2021. Michael Binnion, President and Chief Executive Officer, commented, "The Quebec Premier's announcement of plans to ban oil and gas extraction was very disappointing. This is particularly true for our shareholders, especially from Norway, that believed in the potential of natural gas in Quebec and [...]
The Chief Executive Officer and President of Questerre Energy Corp. , Michael Binnion, responded to the recent Quebec throne speech and the potential ban on hydrocarbons. When I was somewhat younger, I was captivated by a business associate who said our natural gas well in Quebec could change the upcoming referendum. Energy independence and financial strength would answer the economic argument for Quebec autonomy he said [...]
Questerre Energy Corp. reported it has filed an application with the Ministry of Energy and Natural Resource in Quebec to test a reservoir for carbon storage potential. The operation will consist primarily of an injectivity test to gather data on both the safe rate of injection and storage potential. The Company identified the storage formation earlier this year after studying its proprietary seismic and well data. The [...]
Questerre Energy Corp. reported today it has recently completed the engineering and work program to test a carbon storage reservoir in Quebec. The operation includes an injectivity test to estimate the optimal injection rate for carbon dioxide into the storage reservoir. The test will also estimate the volume that can be safely stored in this reservoir situated at a depth of over 1000m below the surface in the Potsdam, a [...]
Questerre Energy Corp. reported today on its financial and operating results for the second quarter ended June 30, 2021. Michael Binnion, President and Chief Executive Officer, commented, "We took advantage of higher prices to reduce net debt in the first half of the year. Our net debt stands at under $2 million compared to approximately $8 million at year-end. Although capital spending has been limited to date, if prices [...]
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