Questerre Energy Corp. reported today on its financial and operating results for the third quarter ended September 30, 2024. Michael Binnion, President and Chief Executive Officer of Questerre commented, "The challenges for the Quebec energy markets continue to evolve. Bill 69, requiring an integrated electricity and gas management plan, could renew interest in natural gas as a transition fuel in Quebec. During the public [...]
Questerre Energy Corp. reported today on the upcoming drilling program at Kakwa North. The Company plans to participate in three wells proposed by the operator at an estimated cost of $21 million net to Questerre. Subject to equipment availability, the wells are scheduled to spud early in the fourth quarter. Completion operations are planned for the first quarter of next year. Questerre holds a 50% interest in these [...]
Questerre Energy Corp. reported today on its financial and operating results for the second quarter ended June 30, 2024. Michael Binnion, President, and Chief Executive Officer of Questerre, commented, "As we advance our high-impact projects, we are growing our conventional assets. Three wells were completed at Kakwa Central this quarter and should be on production in late August. A new completion design and improved [...]
Questerre Energy Corp. announced today that, at its annual meeting of shareholders held on June 18, 2024 , all matters presented for approval at the Meeting were approved. At the Meeting, a vote was held by ballot which approved an ordinary resolution to fix the number of directors to be elected at the Meeting at six. In addition, each of the five nominees proposed in the Company's Management Information Circular dated [...]
Questerre Energy Corp. reported that the Quebec Ministry of Economy, Innovation and Energy tabled in the Quebec National Assembly Bill 69, An Act to ensure the responsible governance of energy resources and to amend various legislative provisions . A copy of the legislation is available online: https://www.assnat.qc.ca/en/travaux-parlementaires/projets-loi/projet-loi-69-43-1.html. As reported by the Ministry, the [...]
Questerre Energy Corp. reported today on its financial and operating results for the quarter ended March 31, 2024. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "During the quarter, we applied for a pilot project under Bill 21 in Quebec. In addition to a comprehensive test of the carbon storage potential on our lands, we propose to pilot zero-emissions hydrogen production. Following the [...]
Questerre Energy Corp. is pleased to announce that Ms. Jauvonne Kitto has joined the Board of Directors of Questerre. Ms. Kitto has over 25 years' experience with First Nations in Canada focusing on executive management, corporate governance, and advocacy. She has been the lead negotiator for numerous major Indigenous rights agreements and related energy and infrastructure projects. She is a co-founder and the Chief [...]
In response to shareholder inquiries, Questerre Energy Corp. provided an update on upcoming events following the ruling by the Qubec Superior Court last week on the Company's application to stay key provisions of the Act ending exploration for petroleum and underground reservoirs and production of petroleum and brine , for the duration of the judicial proceedings. This application was made to preserve Questerre's rights [...]
Questerre Energy Corp. reported today on the ruling by the Québec Superior Court on the Company's application to stay certain provisions of the Act ending exploration for petroleum and underground reservoirs and production of petroleum and brine , for the duration of the judicial proceedings. Michael Binnion, President, and Chief Executive Officer of Questerre, commented, "This exceptional ruling in our favor preserves [...]
Questerre Energy Corp. reported today on its financial and operating results for the third quarter ended September 30, 2023. Michael Binnion, President, and Chief Executive Officer, commented, "We have been transforming ourselves into a carbon technology company. This change in strategy is to allow us to unlock the giant resources we have discovered but have been blocked from producing in an increasingly ESG focused [...]
Questerre Energy Corp. reported today on its financial and operating results for the second quarter ended June 30, 2023. Michael Binnion, President, and Chief Executive Officer, commented, "As Quebec is holding public consultations on hydroelectricity shortage in the next two to three years. We are re-engaging with the Government on how our Clean Gas could be part of the solution. Our scalable, shovel-ready project can [...]
Questerre Energy Corp. reported today on the case management conference held earlier this week in Quebec related to Bill 21, An Act mainly to end petroleum exploration and production and the public financing of those activities . The Attorney General of Quebec's summary motion to dismiss the claims by Questerre and other license holders was deferred by the appointed Justice until the hearing on the merits of the case to [...]
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