Questerre Energy Corp. announced today that, at its annual and special meeting of shareholders held on June 9, 2020 , Ms. Mireille Fontaine joined the Board of Questerre. Bjorn Inge Tonnessen, Chairman of Questerre, commented, “We are delighted to have Mireille join our Board. A seasoned lawyer with an extensive corporate finance practice, she will be an invaluable addition as we advance our Clean Tech Energy project in [...]
Pursuant to Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations, the following matters were put to a vote at the Annual and Special Meeting of Holders of Class A Common Shares of Questerre Energy Corp. held on June 9, 2020. All resolutions were passed by a show of hands at the Meeting except the resolutions to elect the directors of the Issuer and the resolution to approve the unallocated [...]
Questerre Energy Corp. reported today on its financial and operating results for the first quarter ended March 31, 2020. Michael Binnion, President and Chief Executive Officer, commented, “With the fallout from the pandemic and collapse in oil prices, we are focused on preserving liquidity and the value of our long-term assets, particularly Quebec. As reported earlier, we eliminated all non-essential investment in early [...]
Questerre Energy Corp. provided an update on activities during the COVID-19 crisis. Michael Binnion, President and Chief Executive Officer, commented, “As noted in our annual report, we are focused on preserving liquidity. We entered this year with relatively low debt levels and have a lot of discretion on our capital spending. We deferred all non-essential investment, cutting our budget by over 80% or $15 million. We [...]
Questerre Energy Corp. reported today on the results of its December 31, 2019 Reserves Assessment and Evaluation of its oil and natural gas properties , as evaluated by McDaniel & Associates Consultants Ltd. with an effective date of December 31, 2019, prepared in accordance with the standards contained in the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 – Standards of Disclosure for Oil [...]
Questerre Energy Corp. reported today that it has received all approvals and has closed the acquisition of assets in Quebec pursuant to the purchase and sale agreement with a senior exploration and production company as set out in the Company’s press release dated March 7, 2019. Michael Binnion, President and Chief Executive Officer of Questerre, commented “With the acquisition closed, we have regained control [...]
Questerre Energy Corp. reported today that its investee company, Red Leaf Resources Inc. , has improved its capitalization by redeeming substantially all of its outstanding preferred shares at a material discount to the face value. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “We are very pleased the Management of Red Leaf was able to negotiate an agreement to provide the preferred [...]
Questerre Energy Corp. reported today that Mr. Sans Cartier has resigned from the Board of Questerre to pursue a new career opportunity. The Board of Directors would like to thank Mr. Sans Cartier for his valuable contribution over the past six years and wish him the best of luck with his future endeavors. Questerre Energy Corp. is an energy technology and innovation company. It is leveraging its expertise gained through [...]
Questerre Energy Corp. reported a net profit of $1.33 million and production of just over 2,300 boe/d for the third quarter ended September 30, 2019. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Exceptional well results drove an increase in production and positive earnings for the third quarter in spite of soft commodity prices. We continue to see the benefits of efficiency gains [...]
Questerre Energy Corp. reported today on its financial and operating results for the second quarter ended June 30, 2019. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “During the quarter, we continued to build support for our Clean Tech Energy project during the quarter. Teamsters Canada, one of the largest trade unions in Canada, publicly declared their support for natural gas [...]
Questerre Energy Corp. reported that it has recently engaged SNC-Lavalin Inc., one of Canada’s largest engineering firms, to develop the engineering and design for its clean tech energy project in Quebec. Based in Quebec, SNC-Lavalin will be the lead engineering advisor for the Company’s clean tech energy project. The goal is to produce energy with zero emissions using safe processes that do not affect [...]
Questerre Energy Corp. reported that all matters presented for approval at its annual and special meeting of shareholders held on June 18, 2019 have been approved. At the Meeting, by vote by way of a show of hands, an ordinary resolution to fix the number of directors to be elected at the Meeting at six , was approved. In addition, each of the six nominees proposed as directors listed in the Company’s Management [...]
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