CALGARY, ALBERTA–(Marketwired – Dec. 4, 2014) – Questerre Energy Corporation (“Questerre” or the “Company”) (TSX:QEC)(OSLO:QEC) reported today that it has appointed Ted Roberts to the Board of Questerre.
Peder Paus, Chairman of Questerre, commented, “It is with great pleasure that we welcome Ted Roberts to our Board. He is currently a senior portfolio manager at Mandatum Life, our largest institutional shareholder. With his extensive experience in equity capital markets we are looking forward to his contribution to our Board.”
Mr. Roberts is a seasoned investment manager most recently as the Senior Portfolio Manager at Mandatum Life Insurance Company Limited, a subsidiary of the Sampo Group, a Finnish financial company. Mr. Roberts will be leaving Mandatum Life as of January 2015 to pursue other opportunities. Prior thereto he was Investment Manager at Kairos Investment Management, a private investment management company, based in London. Mr. Roberts holds an MSc in Construction Economics and Management from the Helsinki University of Technology.
Questerre Energy Corporation is leveraging its expertise gained through early exposure to shale and other non-conventional reservoirs. The Company has base production and reserves in the tight oil Bakken/Torquay of southeast Saskatchewan. It is bringing on production from its lands in the heart of the high-liquids Montney shale fairway. It is a leader on social license to operate issues for its Utica shale gas discovery in the St. Lawrence Lowlands, Quebec. In conjunction with a supermajor, it is at the leading edge of commercializing a proven process to unlock the massive resource potential of oil shale.
Questerre is a believer that the future success of the oil and gas industry depends on a balance of economics, environment and society. We are committed to being transparent and are respectful that the public must be part of making the important choices for our energy future.
This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of US persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Questerre Energy Corporation
(403) 777-1578 (FAX)