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Questerre Energy Corp (Canada) T.QEC

Alternate Symbol(s):  QTEYF

Questerre Energy Corporation is a Canada-based energy technology and innovation company. The Company is engaged in the acquisition, exploration and development of oil and gas projects, in specific, non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The Company’s segments include Western Canada, Quebec and Corporate & other. The Western Canada segment is engaged in exploration and development activities in Western Canada, including Alberta, Saskatchewan, and Manitoba with existing production of natural gas, crude oil, and natural gas liquids. The Quebec segment is engaged in development of a significant natural gas discovery in the province with a focus on securing social acceptability and regulatory approvals for a clean technology energy project. The Corporate & other segment provides general and administrative resources to manage the respective operating segments. It also Includes exploration activities in the Kingdom of Jordan.


TSX:QEC - Post by User

Post by Import1on Mar 09, 2011 12:32pm
641 Views
Post# 18258869

IR Position

IR PositionIt sounds as though QEC is not overly worried about the delay to commercial production.  IR responded to me extremely quickly and that was much appreciated.  They are still reviewing the BAPE report (all 323 pages of it) and will comment on their thoughts once it is fully evaluated (I am assuming QEC and TLM are awaiting  QOGA to comment first). 

Excerpt from IR:

"Pilot wells/programs will be allowed during the strategic environmentalevaluation and we will drill and frac our pilot program during thisphase.

The strategic environmental evaluation fits in line with Questerre's commercial development timeline."

To me it sounds like those with a short-term investment time frame are the ones exiting today and thus the SP is most likely over reacting to the news.  It is frustrating but for those who can stick it out the region as we all know has huge potential!

GLTAL,

Import1

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