Questerre Energy Corp (Canada) T.QEC

Alternate Symbol(s): QTEYF

Energy Oil & Gas E&P

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.

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Questerre Energy Corp (Canada)

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Post by FastTradeon Feb 24, 2009 8:10am

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Post# 15799059

Results at this stage are good considering

If you look at consumption in the United States on anannual basis, they consume roughly 64 billion cubic feet (BCF) of naturalgas per day. In the United States, they supply 50 BCF a day and theyimport from Canada, [but their] production-decline rate every year is30%-plus. If you’re producing, let’s say 50 BCF a day, anddon’t drill another well, a year from now, production wouldbe about 31 BCF a day. But demand is growing.

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