CALGARY, Alberta, April 08, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported that it has engaged Industrial Alliance Securities Inc. (“iA Securities”), a leading Quebec-based investment firm to provide advisory services with respect to finding Quebec-based strategic investors for its clean tech energy project.
The clean tech energy project seeks to develop the Company’s multi-Tcf natural gas discovery in the province of Quebec using innovative technologies that promote clean energy production. The development of this discovery could generate substantial economic benefits for the province and other stakeholders. By combining new and innovative technologies with existing production methods, the clean tech energy project could also help Quebec in its energy transition plans and assist in meeting its 2030 Energy Policy goals. The technologies and processes could develop into new export opportunities for Quebec either directly or indirectly through reducing embedded emissions of other products using natural gas a feedstock.
Michael Binnion, President and Chief Executive Officer of Questerre, commented, “With the agreement to regain operatorship in place and growing interest in our clean tech energy pilot, we have hired Industrial Alliance to help us with strategic partnerships. They are one of Quebec’s oldest financial services firms with an extensive network in the province. We are looking forward to working with them to take our assets in Quebec to the next stage.”
Questerre 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 gas discovery in the St. Lawrence Lowlands, Quebec. It is pursuing oil shale projects with the aim of commercially developing these significant resources.
iA Securities is a wholly owned subsidiary of Industrial Alliance Insurance and Financial Services Inc. (“iA Financial Group”). iA Financial Group is listed on the Toronto Stock Exchange under the ticker symbol IAG and manages assets of over $169 billion dollars. Its growth and financial strength make it one of the largest public companies in Canada.
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.