Questerre announces 2017 capital budget and proposed private placement
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that its Board has approved a capital budget of approximately $26 million for 2017 targeting the development of its Montney joint venture acreage in the Kakwa-Resthaven area of Alberta. The budget follows a successful drilling program in 2016 where the […]
Questerre releases resource assessment for Jordan acreage
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on the resource assessment (the “Resource Assessment”) of its oil shale acreage in the Hashemite Kingdom of Jordan (“Jordan”). Michael Binnion, President and Chief Executive Officer of Questerre, commented, “The Resource Assessment indicates a significant resource with a best estimate of discovered […]
Quebec Government approves new hydrocarbon legislation in principle
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that the National Assembly in Quebec has approved in principle Bill 106, An Act to implement the 2030 Energy Policy and amend various legislative provisions. These amendments include the enactment of the Petroleum Resources Act that will govern the development of petroleum […]
Questerre closes $4.75 million flow-through private placement
July 29, 2016 Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it has increased the size of its previously announced flow-through placement from 17.6 million flow-through units to 26.39 million flow-through units and subsequently closed the offering for gross proceeds of approximately $4.75 million (the “Flow-Through Placement”). […]
Questerre announces flow-through unit private placement
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it intends to complete a private placement of flow-through units of the Company. The Company plans to issue up to 17.6 million flow-through units at a price of $0.18 per unit for estimated gross proceeds of $3.17 million (the […]
Questerre reports on new Quebec oil and gas law and results from AGM
Questerre reports on new Quebec oil and gas law and results from AGM Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that the Government of Quebec has introduced Bill 106 to modernize hydrocarbon legislation in the province. Michael Binnion, Chief Executive Officer of Questerre, commented, “The Quebec Government did what […]
Questerre focuses capital spending in 2016
Questerre focuses capital spending in 2016 Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended March 31, 2016. Michael Binnion, President and Chief Executive Officer, commented, “We continue to manage our reduced capital program with the goal of maintaining reserves and […]
Questerre endorses Oil Respect campaign
March 30, 2016 – Questerre endorses Oil Respect campaign Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to endorse the Oil Respect campaign launched by the Canadian Association of Oilwell Drilling Contractors on February 17, 2016. Michael Binnion, President and Chief Executive Officer of Questerre, noted, “We are very proud […]
Geology still matters
Our results in 2015 reflect the importance of being in the right rock. Despite weak prices, our top tier Montney assets delivered meaningful production and cash flow growth. We drilled longer wells and optimized completions to increase recovery and returns on developing this condensate-rich resource. Proving up our oil shale resources was setback as Red […]
Questerre recognized as top publicly traded emerging producer by EPAC
Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it was recognized as the top publicly traded emerging producer by the Explorers and Producers Association of Canada (“EPAC”) for 2015. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “We are honored by this recognition. […]