Questerre Energy Corp. reported today on its financial and operating results for the second quarter ended June 30, 2018. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “We were blindsided by the Quebec government’s decision to attempt to ban hydraulic fracturing. We recently filed a brief with the government strongly objecting to this decision. Specifically we have made the [...]
Alberta, July 08, 2018 -- Questerre Energy Corp. reported that all matters presented for approval at its annual meeting of shareholders held on June 6, 2018 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 [...]
Alberta, June 27, 2018 -- Questerre Energy Corp. reported today on the results of the technical and economic feasibility study for its oil shale project in Jordan. The design basis for the study is an initial project capable of sustaining production of 50,000 bbl/d. The study was conducted by Hatch Ltd., , a global engineering firm. Michael Binnion, President and Chief Executive Officer of Questerre, commented [...]
Alberta, June 06, 2018 -- Questerre Energy Corp. reported today on the draft hydrocarbon regulations published by the Government of Quebec. The Government of Quebec announced new regulations with a 45-day consultation period. If implemented, these regulations would have the effect of banning hydraulic fracturing and any meaningful exploitation of natural gas in Quebec. The press release is available at [...]
CALGARY, Alberta, June 04, 2018 -- Questerre Energy Corp. reported on the status of legal proceedings related to its assets in Quebec. Pursuant to a Letter of Intent with a senior exploration and production company to acquire their Quebec assets , as reported on June 4, 2018, on closing of the transaction, both parties will release each other from all claims related to the outstanding litigation. In the interim, the [...]
Alberta, June 04, 2018 -- Questerre Energy Corp. reported that it has executed a Letter of Intent with a senior exploration and production company to settle outstanding litigation and acquire all their assets in the St. Lawrence Lowlands, Quebec . Michael Binnion, President and Chief Executive Officer of Questerre, commented, “On closing, we will gain operatorship of our acreage in the Lowlands. We will be in a much [...]
CALGARY, Alberta, May 11, 2018 -- Questerre Energy Corp. reported today on its financial and operating results for the first quarter ended March 31, 2018. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Our production and cash flow growth this quarter was primarily driven by the increased investment in Kakwa. Production from the joint venture acreage almost doubled from the first [...]
Alberta, April 06, 2018 -- Questerre Energy Corp. reported on the progress of the internal feasibility study for its oil shale project in Jordan. The Company has recently engaged Hatch Ltd. , a global engineering firm, to integrate and support its internal work on the technical and economic feasibility of this project. Michael Binnion, President and Chief Executive Officer, commented, “This is an important [...]
Alberta, March 12, 2018 -- Questerre Energy Corp. reported today on the results of its December 31, 2017 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, 2017, prepared in accordance with the standards contained in the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 &ndash [...]
Alberta, March 05, 2018 -- Questerre Energy Corp. announced today that it has entered into an agreement with an experienced operator to develop its 100% acreage in the Kakwa area. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “The first well at Kakwa North should spud next quarter, subject to rig availability. Given the strong condensate production and low sour content from nearby [...]
Questerre Energy Corp. announced today that it has closed an acquisition of producing Bakken/Torquay oil assets in the Antler area of southeast Saskatchewan. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "This accretive acquisition consolidates our operated working interest at Antler. We now own 100% of these assets and add low-decline, high netback light oil production to our base of [...]
Questerre Energy Corp. reported today on its financial and operating results for the third quarter ended September 30, 2017. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We are seeing the early results of our increased capital investment in Kakwa this year. Production from this area has almost doubled since the first quarter to 1,400 boe/d with four wells brought on stream. Three more [...]
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