CALGARY, Dec. 8, 2016 /CNW/ – Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) at the request of IIROC Market Surveillance and on behalf of the Toronto Stock Exchange, issued a statement that the Company is not aware of any undisclosed material development that would cause today’s movement in the Company’s share price.
The Company notes that the National Assembly in Quebec is scheduled to vote on Bill 106, An Act to implement the 2030 Energy Policy and amend various legislative provisions on December 9, 2016. These amendments include the enactment of the Petroleum Resources Act that will govern the development of petroleum and natural gas resources in Quebec.
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. It is pursuing oil shale projects with the aim of commercially developing these massive resources.
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.