Questerre Energy Corp. is pleased to announce that its private placement of up to 38.9 million Common Shares has been over-subscribed at a price of 2.40 NOK or C$0.38 per Common Share. Gross proceeds are estimated at 93.4 million NOK or approximately C$14.8 million. Michael Binnion, President and Chief Executive Officer of Questerre commented, “With the improvement in oil prices, we expect the capital program at [...]
Questerre Energy Corp. is pleased to announce that it intends to complete a private placement directed towards Norwegian and international institutional investors . The Company intends to use the net proceeds from the Private Placement to strengthen its working capital, partially finance its ongoing Montney capital program and the preliminary work for its planned clean tech energy project in the St. Lawrence Lowlands [...]
Questerre Energy Corp. reported that it has engaged Industrial Alliance Securities Inc. , a leading Quebec-based investment firm to provide advisory services with respect to finding Quebec-based strategic investors for its clean tech energy project. The clean tech energy project seeks to develop the Company’s multi-Tcf natural gas discovery in the province of Quebec using innovative technologies that promote clean [...]
Questerre Energy Corp. reported today on the results of its December 31, 2018 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, 2018, 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 executed a definitive purchase and sale agreement with a senior exploration and production company to acquire all their assets in Quebec. This follows the letter of intent signed in early 2018 as set out in the Company’s press release dated June 4, 2018. Pursuant to the Agreement, Questerre will acquire the exploration rights to 753,000 net acres in Quebec [...]
Questerre Energy Corp. reported on recent developments including the impact of a 325,000 barrel a day curtailment of oil production announced by the Government of Alberta. The curtailment does not apply to the Company’s condensate production in the province. Michael Binnion, President and Chief Executive Officer of Questerre, noted, ”We’re very pleased that the discount between condensate prices in [...]
Questerre Energy Corp. reported today the test results from the second well at Kakwa North. The operator recently completed the second farm-in well, 100/01-04-64-6W6M well , with a 2900m horizontal leg in the Montney Formation. During the last 24 hours of a 200-hour production test, the 01-04 Well flowed 9.8 MMcf/d of natural gas and 1,124 bbls/d of condensate . Although the early results from the 01-04 Well are [...]
Questerre Energy Corp. reported today that it has completed a major expansion of its core acreage in the Kakwa area. The Company has acquired 34 sections for the Montney Formation immediately offsetting its producing acreage at Kakwa and its acreage at Kakwa North. The lands are subject to an industry standard gross overriding royalty. Subject to the drilling of additional wells under its farm-out agreement at Kakwa [...]
Questerre Energy Corp. reported today on its financial and operating results for the third quarter ended September 30, 2018. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “We were very pleased with the results from the first farm-in well at Kakwa North. The second well is being tested and a third farm-in well could spud early next year. By this time next year, we may see a similar [...]
Questerre Energy Corp. reported today on the test results from its Kakwa North acreage. The operator recently completed the first well, 103/16-29-063-6W6M well , with a 3000m horizontal leg in the Montney Formation. During the last 24 hours of a 210-hour production test, the 103/16-29 Well flowed at an average rate of 11.6 MMcf/d of natural gas and 990 bbls/d of condensate . Although the early results from the 103/16-29 [...]
Questerre Energy Corp. updated activities at Kakwa North, offsetting its joint venture production in the area. The operator, Kicking Horse Oil & Gas Ltd., has commenced completion operations on the first well, 103/16-29-063-6W6M well which includes a 2700m horizontal leg in the Montney Formation. Drilling operations also commenced on the second well, 100/01-04-064-6W6M The well is programmed to include an approximate [...]
Questerre Energy Corp. reported today that the Government of Quebec announced its plans to officially implement or put into practice the Petroleum Resources Act . The Act will govern the development of hydrocarbons in the province of Quebec. The Act was passed as law in December 2016 by the Liberal government as a result of the adoption of Bill 106, “An Act to Implement the 2030 Energy Policy and to Amend Various [...]
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