Questerre Energy Corp.

Questerre Energy Corp. reported it has filed an application with the Ministry of Energy and Natural Resource in Quebec to test a reservoir for carbon storage potential. The operation will consist primarily of an injectivity test to gather data on both the safe rate of injection and storage potential. The Company identified the storage formation earlier this year after studying its proprietary seismic and well data. The [...]

Questerre Energy Corp. reported today it has recently completed the engineering and work program to test a carbon storage reservoir in Quebec. The operation includes an injectivity test to estimate the optimal injection rate for carbon dioxide into the storage reservoir. The test will also estimate the volume that can be safely stored in this reservoir situated at a depth of over 1000m below the surface in the Potsdam, a [...]

Questerre Energy Corp. reported today on its financial and operating results for the second quarter ended June 30, 2021. Michael Binnion, President and Chief Executive Officer, commented, "We took advantage of higher prices to reduce net debt in the first half of the year. Our net debt stands at under $2 million compared to approximately $8 million at year-end. Although capital spending has been limited to date, if prices [...]

Questerre Energy Corp. announced today that, at its annual meeting of shareholders held on June 2, 2021 , 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 five. In addition, each of the five nominees proposed in the Company's Management Information Circular dated [...]

Questerre Energy Corp. reported today on its financial and operating results for the first quarter ended March 31, 2021. Michael Binnion, President and Chief Executive Officer, commented, "We started to add zero emissions hydrogen and carbon capture and storage to our Clean Tech Energy project in the quarter. We are also evaluating other carbon recycling technologies that use carbon dioxide as a feedstock to make valuable [...]

Questerre Energy Corp. is pleased to announce a letter of intent with ZEG Power AS , a private Norwegian company, to evaluate their proprietary leading edge blue hydrogen technology for the Company's Clean Tech Energy project in Quebec. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We believe hydrogen will become a cornerstone of the emerging circular economy. As we move from near zero [...]

Questerre Energy Corp. has commissioned a report by the International Reference Centre for Life Cycle Products, Services and Systems on producing hydrogen, including blue hydrogen, using its zero-emissions natural gas in Quebec. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "With the emissions from production virtually eliminated with our Clean Gas engineering, we are now targeting [...]

Questerre Energy Corp. reported today on the recent launch of the Hydrogen Strategy for Canada by the Federal Government. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Hydrogen is becoming more important as a transition fuel to meet governments’ net-zero targets. Last week, the Government of Canada announced its national hydrogen strategy. It recognizes the role of blue hydrogen [...]

Questerre Energy Corp. reported today on its financial and operating results for the third quarter ended September 30, 2020. Michael Binnion, President and Chief Executive Officer, commented, “With our credit facility renewed in the quarter, we turned our attention to planning for the future. While global demand for oil and gas has rebounded strongly, it is still below pre-COVID-19 levels. In addition, restrictions [...]

Questerre Energy Corp. reported today on its financial and operating results for the second quarter ended June 30, 2020. Michael Binnion, President and Chief Executive Officer, commented, “We responded quickly to the impacts of the COVID-19 pandemic and the ensuing global shutdown during the second quarter. To weather the collapse in oil prices, we cut spending and reduced overheads and operating costs wherever possible [...]