Questerre Energy Corp (Canada) T.QEC

Alternate Symbol(s): QTEYF

Energy Oil & Gas E&P

Questerre Energy Corporation is an energy technology and innovation company. It 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. It holds assets in Alberta, Saskatchewan, Manitoba and Quebec in Canada, as well as in the Kingdom of Jordan (Jordan). Its oil shale assets include its project in Jordan and its investment in Red Leaf Resources Inc. (Red Leaf). It plans to utilize the Red Leaf technology for its project in the Kingdom of Jordan. In Quebec, the project has a comprehensive program to test the carbon storage potential including injection and monitoring wells, compression facilities and a pipeline to an adjacent industrial park. Its Kakwa area is a liquids-rich Montney natural gas resource play situated over 75 kilometers (km) south of Grande Prairie in west central Alberta. Its Antler area is over 200 km southeast of Regina in southeast Saskatchewan.

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Questerre Energy Corp (Canada)

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Post by mbgldon Jun 05, 2010 7:26am

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Post# 17161136

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Terra Markets deems Oslo-listed Questerre quotation too low

Posted on: Fri, 04 Jun 2010 08:18:01 EDT

Symbols: QTEYF,QEC

Jun 04, 2010 (NORDIC BUSINESS REPORTvia COMTEX) --

4 June 2010 - Terra Markets has identified a 75%upside to thequotation of Oslo-listed gas producer Questerre Energy Corporation(OSL:QEC |PowerRating)(TSX: QEC) as it considers the share price has dropped toomuch.

Over the past month, Questerre's stock has lost around 30% of itsvalueas a result of the general market disturbance, while the gas pricestrengthened marginally over the same period.

"Seen against this background, we think that the share pricedeclineover the period is too high and cannot be defended by fundamentals. Weestimate the fair value of the share at NOK32," the broker said, basingthe projection on a gas pricein line with the futures market.

Several positive triggers are to be expected, according to TerraMarkets. The test results from the Gentilly and Fortierville wells inthe St Lawrence Lowlands, Quebec, are anticipated by the end of thethird quarter of 2010.

The most important risk factors, however, are also the testresults andthe gas price, Terra Markets said.

By 13:34 CET on Friday, the share in Questerre had added 1.56% toNOK19.50 on the Oslo Stock Exchange