Consistent with its business strategy, Questerre has developed a portfolio of assets that include projects in the following areas:

St. Lawrence Lowlands, Quebec – Over 1 million gross acres (0.34 million net) prospective for the emerging Utica/Lorraine shale gas plays with further exploration potential in the deeper Trenton Black-River

Antler, Southeast Saskatchewan – Land position of over 21,000 net acres for the proven Bakken/Torquay light oil resource play with strong cash netbacks

Southern Alberta – Existing production from its discovered oil and gas pools in Vulcan

Northeast British Columbia – 33,280 gross acres (16,640 net) for established Jean Marie natural gas play with further exploration potential in deeper formations as well as a 50% working interest in the discovered Beaver River Field natural gas field with multiple shale/siltstone intervals under assessment.