News Releases

Mr. Boivin is a business builder and corporate leader who pursued his primary career in the sports and entertainment industry. Since 1999, he has been President of the Montreal Canadiens, the Gillett Entertainment Group and the Bell Centre.

Peder Paus, Chairman of Questerre, said, “Our board is delighted that a Quebec-based business and community leader of Mr. Boivin’s caliber has agreed to join our board.   We believe that our recent discovery of shale gas in Quebec will have important positive local impacts both economically and politically.  His strong entrepreneurial background also fits our oil and gas culture of risk taking and value creation.”

Pierre Boivin commented, “I have a strong personal interest in the resource sector and Questerre is a chance for me to use my background to make a positive difference in this industry.  The Questerre management has a domestic and international background with direct experience in Quebec natural gas exploration dating back to the 1980s.  It is an exciting opportunity to work with an experienced oil and gas team on a discovery that can change the Quebec natural gas market.”

Prior to becoming President of the Montreal Canadiens in 1994, Mr. Boivin was appointed President and Chief Executive Officer of Canstar Sports Inc., a Montreal-based public company and a world leader in the hockey equipment industry. In 1995, Canstar was acquired by Nike, Inc. and became Bauer Nike Hockey Inc. 

Mr. Boivin is a member of the Board of Governors of the National Hockey League. He is Chairman of the board of Kangaroo Media Inc. and a member of the board of Canadian Satellite Radio Holdings Inc. (XM Canada).

Mr. Boivin is also very involved in the community as Chairman of the Sainte-Justine Hospital Foundation, a member of the board of Hexagram, a university-based research and development institution in the arts and media. He is a former member of the Centraide of Greater Montreal Campaign Committee and chairman of its Commerce Section.

He is also the Chairman of the Montreal Canadien’s Children’s Foundation which he founded in 2000. Since its inception, the Foundation has donated over $7 million to support more than 300 organizations in Quebec dedicated to improving the well-being of sick and underprivileged children.

Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.

This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company’s plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.

Barrel of oil equivalent (“boe”) amounts may be misleading, particularly if used in isolation. A boe conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel and is based on an energy equivalent conversion method application at the burner tip and does not necessarily represent an economic value equivalent at the wellhead.

This news release does not constitute an offer of securities for sale in the United States.  These securities may not be offered or sold in the United States absent registration or an available exemption from registration under the United States Securities Act of 1933, as amended.

For further information, please contact: 

Questerre Energy Corporation – Anela Dido, Investor Relations

Tel: (403) 777-1185 | Fax: (403) 777-1578 | Email: info@questerre.com | Web: www.questerre.com