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| Titel | letzter Beitrag | Aufrufe |
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| 10.04.24, 08:52 | 1283 | |
| heute 01:09 | 197 | |
| 06.03.17, 11:10 | 188 | |
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| gestern 23:48 | 138 | |
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| 09.07.21, 17:39 | 123 |
Meistdiskutierte Wertpapiere
| Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
|---|---|---|---|---|---|---|---|
| 1. | 1. | 18.685,00 | -1,03 | 241 | |||
| 2. | 2. | 0,2000 | -15,97 | 72 | |||
| 3. | 3. | 4,6400 | -15,33 | 71 | |||
| 4. | 4. | 6,7220 | -2,95 | 68 | |||
| 5. | 5. | 174,84 | +0,49 | 56 | |||
| 6. | 6. | 10,480 | +0,58 | 51 | |||
| 7. | 7. | 0,1970 | -2,96 | 43 | |||
| 8. | 8. | 14,400 | +11,63 | 40 |
Feedback
Toronto Stock Exchange : "qec"
Q U E S T E R R E E N E R G Y C O R P O R A T I O N P R E S I D E N T ’ S M E S S A G E
It is with great pleasure that I deliver this message to our shareholders, both old and new.
Three years ago this November, Questerre was founded on two premises. First, that large-scale natural
gas projects still exist in Canada. Two, an innovative and disciplined approach would allow us to
acquire and develop such projects, once the exclusive domain of the majors.
We have diligently worked on two such projects – the Beaver River Field in northeast British Columbia
and our exploration acreage in the St. Lawrence Lowlands in Quebec. We are now poised to realize
the potential of these projects.
Beaver River Field
The Beaver River Field has an estimated 1.47 Tcf of original gas in place (OGIP) making it one of
the largest natural gas fields in British Columbia. Discovered in 1961 and brought on-stream in 1971,
production from the field reached rates of 230 mmcf/d, with individual wells averaging approximately
40 mmcf/d.
Over the next five years, production tailed off due to water influx and the field was subsequently
abandoned in 1978. Cumulative production at this time was 178 Bcf, or 12% of the OGIP. Despite
numerous efforts since the abandonment of the field, an economic plan to produce the over 500 Bcf
of estimated recoverable gas has proved elusive, supporting the widely held belief that the entire field
had simply watered out.
Based on its experience with similar naturally fractured reservoirs, Questerre recognized the potential
of the Beaver River Field. We acquired a controlling interest in the field in 2001. A tail-end recovery
scheme was implemented to generate cash flow while a comprehensive technical program began on
developing a new field interpretation.
The technical program included the completion of hydrodynamic
pressure studies, material balance analysis, pressure transient
analysis and gas isotope analysis. This work established our theory
of coning and field compartmentalization.
The field potential was further supported by a 3-D seismic survey
acquired in the winter of 2002. The survey revealed the structural
complexity of the field, particularly the extensive faulting. Our
interpretation of the survey indicates the existence of several
undrilled, isolated compartments created by these faults. We believe
the majority of the 500 Bcf of estimated remaining recoverable
gas is located in these new compartments and behind water cones
in existing compartments.
The interpretation also revealed additional reservoir structure above
the highest well drilled into the field containing ‘attic gas’. Our
first well into the field, the A-5 re-entry, will target this attic gas.
A-5 Well
The proceeds of our initial public offering completed in July 2003 will finance the drilling of this
well. To minimize costs, we are utilizing an existing well bore and plan to directionally drill a well
to the crest of the structure to a measured depth of 3500m. Estimated reserves for this attic gas are
20 to 40 Bcf. To maximize recovery of these reserves, a 200m horizontal leg will be drilled to minimize
the pressure drawdown around the wellbore.
Our confidence in the merits of drilling a horizontal well into this field have been buoyed by the
success of Chevron Canada Resources’ recent horizontal well in the Liard field. The well was drilled
during the first quarter of 2003 after the onset of increased
water production from existing wells. It was placed on
production in early April and continues to produce at a
stabilized rate of 25 mmcf/d. We anticipate our well to have
similar production capability.
Operations on the A-5 well commenced in mid August and
the well was officially spudded on October 21, 2003. As of
the date of this report, we are at a depth of 2800m. The well
is expected to reach total depth by early December. We aim
to have this well completed, tested and tied-in to our gathering
system before year-end.
We are currently about six weeks behind schedule. This relates
to delays in mobilizing the drilling rig and the need to replace the 7’’ casing above the window. The
mobilization was longer than expected due to an unseasonably busy drilling season in our area and
the loss of one barge due to an accident.
The corollary to these delays is that our drilling costs are expected to between $2.5 million to $3.0
million over our initial estimate. We expect to fund this through our working capital and a financing
commitment by our founding shareholder, Terrenex Acquisition Corporation.
It is our objective to begin drilling a new well on the Beaver River Field early next year targeting
an undrilled compartment.
St. Lawrence Lowlands
The exploration potential of the St. Lawrence Lowlands is underpinned by proximity to the burgeoning
natural gas market in the northeastern United States and excellent fiscal terms.
Key Questerre personnel and Terrenex have been active in oil and gas exploration in the St. Lawrence
Lowlands since the 1980s. While these early drilling efforts did not encounter any commercial quantities
of gas, they confirmed the existence of a deep gas source.
Our exploration concepts in the St. Lawrence Lowlands are based on relatively new ideas about
hydrothermal dolomite (HTD) reservoirs that have proven successful in several other basins. Over
the past three years, we have worked up these concepts by completing an extensive regional geological
and geophysical study of the St. Lawrence Lowlands. The study includes the reprocessing and
reinterpretation of over 3,000 km of 2-D seismic and a detailed review of the wells that have been
drilled in the St. Lawrence Lowlands.
The work we have completed has been supported by the documented occurrence of HTD in well bores
in the St. Lawrence Lowlands. Furthermore, recent significant discoveries based on this exploration
concept in the Appalachian Basin, directly south of the St. Lawrence Lowlands, further validate the
proposed exploration concept. Of interest, Talisman Energy has invested approximately $500 million
in this play in New York.
We have identified several prospects and leads on our extensive land holdings in the Lowlands which
cover over 1,100 sections of land. The regional geology and geophysics is suggestive of similar structures
as the Beaver River Field – equal in complexity and size. Subject to our farm-in partner, Gastem Inc.,
completing its financing, we anticipate drilling our first prospect, Becancour, in early 2004.
Corporate
We completed our initial public offering early in the third quarter through our agents, Canaccord
Capital Corporation in Canada and Den Norske Bank ASA in Norway for gross proceeds of $7.2
million. Our common shares now trade on the Toronto Stock Exchange under the symbol QEC.
Subsequent to the completion of the IPO, Canaccord Capital exercised its over-allotment option realizing
gross proceeds of $0.2 million.
In addition, we raised $0.2 million through private placements primarily with suppliers. Terrenex has
also provided a standby commitment for $6.2 million of common equity through the combination
of either warrant exercises or a private placement at market in conjunction with the conversion of
its preferred shares.
Subsequent to the end of the quarter, the Board elected to extend the expiry date of 2,940,000 warrants
issued in connection with a $3 million private placement completed in December 2001. The proceeds
of this placement funded the 3-D seismic survey, a turning point in our development. Under securities
legislation, the common shares acquired on the exercise of the warrants are subject to a twelve-month
hold period. To ensure that these investors are given an opportunity to exercise these warrants, we
have extended the exercise date to the earlier of a secondary listing on the Oslo Stock Exchange and
the end of the hold period.
Michael Binnion
President and Chief Executive Officer
Q U E S T E R R E E N E R G Y C O R P O R A T I O N P R E S I D E N T ’ S M E S S A G E
It is with great pleasure that I deliver this message to our shareholders, both old and new.
Three years ago this November, Questerre was founded on two premises. First, that large-scale natural
gas projects still exist in Canada. Two, an innovative and disciplined approach would allow us to
acquire and develop such projects, once the exclusive domain of the majors.
We have diligently worked on two such projects – the Beaver River Field in northeast British Columbia
and our exploration acreage in the St. Lawrence Lowlands in Quebec. We are now poised to realize
the potential of these projects.
Beaver River Field
The Beaver River Field has an estimated 1.47 Tcf of original gas in place (OGIP) making it one of
the largest natural gas fields in British Columbia. Discovered in 1961 and brought on-stream in 1971,
production from the field reached rates of 230 mmcf/d, with individual wells averaging approximately
40 mmcf/d.
Over the next five years, production tailed off due to water influx and the field was subsequently
abandoned in 1978. Cumulative production at this time was 178 Bcf, or 12% of the OGIP. Despite
numerous efforts since the abandonment of the field, an economic plan to produce the over 500 Bcf
of estimated recoverable gas has proved elusive, supporting the widely held belief that the entire field
had simply watered out.
Based on its experience with similar naturally fractured reservoirs, Questerre recognized the potential
of the Beaver River Field. We acquired a controlling interest in the field in 2001. A tail-end recovery
scheme was implemented to generate cash flow while a comprehensive technical program began on
developing a new field interpretation.
The technical program included the completion of hydrodynamic
pressure studies, material balance analysis, pressure transient
analysis and gas isotope analysis. This work established our theory
of coning and field compartmentalization.
The field potential was further supported by a 3-D seismic survey
acquired in the winter of 2002. The survey revealed the structural
complexity of the field, particularly the extensive faulting. Our
interpretation of the survey indicates the existence of several
undrilled, isolated compartments created by these faults. We believe
the majority of the 500 Bcf of estimated remaining recoverable
gas is located in these new compartments and behind water cones
in existing compartments.
The interpretation also revealed additional reservoir structure above
the highest well drilled into the field containing ‘attic gas’. Our
first well into the field, the A-5 re-entry, will target this attic gas.
A-5 Well
The proceeds of our initial public offering completed in July 2003 will finance the drilling of this
well. To minimize costs, we are utilizing an existing well bore and plan to directionally drill a well
to the crest of the structure to a measured depth of 3500m. Estimated reserves for this attic gas are
20 to 40 Bcf. To maximize recovery of these reserves, a 200m horizontal leg will be drilled to minimize
the pressure drawdown around the wellbore.
Our confidence in the merits of drilling a horizontal well into this field have been buoyed by the
success of Chevron Canada Resources’ recent horizontal well in the Liard field. The well was drilled
during the first quarter of 2003 after the onset of increased
water production from existing wells. It was placed on
production in early April and continues to produce at a
stabilized rate of 25 mmcf/d. We anticipate our well to have
similar production capability.
Operations on the A-5 well commenced in mid August and
the well was officially spudded on October 21, 2003. As of
the date of this report, we are at a depth of 2800m. The well
is expected to reach total depth by early December. We aim
to have this well completed, tested and tied-in to our gathering
system before year-end.
We are currently about six weeks behind schedule. This relates
to delays in mobilizing the drilling rig and the need to replace the 7’’ casing above the window. The
mobilization was longer than expected due to an unseasonably busy drilling season in our area and
the loss of one barge due to an accident.
The corollary to these delays is that our drilling costs are expected to between $2.5 million to $3.0
million over our initial estimate. We expect to fund this through our working capital and a financing
commitment by our founding shareholder, Terrenex Acquisition Corporation.
It is our objective to begin drilling a new well on the Beaver River Field early next year targeting
an undrilled compartment.
St. Lawrence Lowlands
The exploration potential of the St. Lawrence Lowlands is underpinned by proximity to the burgeoning
natural gas market in the northeastern United States and excellent fiscal terms.
Key Questerre personnel and Terrenex have been active in oil and gas exploration in the St. Lawrence
Lowlands since the 1980s. While these early drilling efforts did not encounter any commercial quantities
of gas, they confirmed the existence of a deep gas source.
Our exploration concepts in the St. Lawrence Lowlands are based on relatively new ideas about
hydrothermal dolomite (HTD) reservoirs that have proven successful in several other basins. Over
the past three years, we have worked up these concepts by completing an extensive regional geological
and geophysical study of the St. Lawrence Lowlands. The study includes the reprocessing and
reinterpretation of over 3,000 km of 2-D seismic and a detailed review of the wells that have been
drilled in the St. Lawrence Lowlands.
The work we have completed has been supported by the documented occurrence of HTD in well bores
in the St. Lawrence Lowlands. Furthermore, recent significant discoveries based on this exploration
concept in the Appalachian Basin, directly south of the St. Lawrence Lowlands, further validate the
proposed exploration concept. Of interest, Talisman Energy has invested approximately $500 million
in this play in New York.
We have identified several prospects and leads on our extensive land holdings in the Lowlands which
cover over 1,100 sections of land. The regional geology and geophysics is suggestive of similar structures
as the Beaver River Field – equal in complexity and size. Subject to our farm-in partner, Gastem Inc.,
completing its financing, we anticipate drilling our first prospect, Becancour, in early 2004.
Corporate
We completed our initial public offering early in the third quarter through our agents, Canaccord
Capital Corporation in Canada and Den Norske Bank ASA in Norway for gross proceeds of $7.2
million. Our common shares now trade on the Toronto Stock Exchange under the symbol QEC.
Subsequent to the completion of the IPO, Canaccord Capital exercised its over-allotment option realizing
gross proceeds of $0.2 million.
In addition, we raised $0.2 million through private placements primarily with suppliers. Terrenex has
also provided a standby commitment for $6.2 million of common equity through the combination
of either warrant exercises or a private placement at market in conjunction with the conversion of
its preferred shares.
Subsequent to the end of the quarter, the Board elected to extend the expiry date of 2,940,000 warrants
issued in connection with a $3 million private placement completed in December 2001. The proceeds
of this placement funded the 3-D seismic survey, a turning point in our development. Under securities
legislation, the common shares acquired on the exercise of the warrants are subject to a twelve-month
hold period. To ensure that these investors are given an opportunity to exercise these warrants, we
have extended the exercise date to the earlier of a secondary listing on the Oslo Stock Exchange and
the end of the hold period.
Michael Binnion
President and Chief Executive Officer
@ all
Questerre war vor dem Börsengang eine Privatgesellschaft mit starkem Investor im Hintergrund.
Das Beaver River Feld ist sehr spekulativ! Seit Jahren wird hier versucht, die Produktion wieder kommerziell aufzunehmen, zuerst von Wascana, einer Tochter von Occidental P., jetzt von Questerre.
Es gibt weitere BR - Gesellschafter, die aber i.M. nur durch Royalty Verträge bis zum Payout von Questerre beteiligt sind, darunter auch Eurogas. Gelänge die Wiederinbetriebnahme dauerhaft, dann haben wir hier sehr hohes Potenzial, von dem zunächst Questerre als Operator und größter Gesellschafter am meisten profitiert!
Die MK beträgt ca. 35 Mio. CAD .
Beaver River Gas Play
http://www.questerre.com
Questerre war vor dem Börsengang eine Privatgesellschaft mit starkem Investor im Hintergrund.
Das Beaver River Feld ist sehr spekulativ! Seit Jahren wird hier versucht, die Produktion wieder kommerziell aufzunehmen, zuerst von Wascana, einer Tochter von Occidental P., jetzt von Questerre.
Es gibt weitere BR - Gesellschafter, die aber i.M. nur durch Royalty Verträge bis zum Payout von Questerre beteiligt sind, darunter auch Eurogas. Gelänge die Wiederinbetriebnahme dauerhaft, dann haben wir hier sehr hohes Potenzial, von dem zunächst Questerre als Operator und größter Gesellschafter am meisten profitiert!
Die MK beträgt ca. 35 Mio. CAD .
Beaver River Gas Play
http://www.questerre.com
Gestern in Toronto + 10% auf CAD 1,10
In Kürze erstelle ich eine Zusammenfassung der zwei Farmoutverträge, die den genauen Anteil von Questerre am CF aufzeigen:
Hier ist Questerre in einer sehr komfortablen Situation, weil nach dem ersten Farmout Vertrag (Übernahme von 60% Anteil an Beaver River, dafür Verpflichtung 9 Mio CAD als 100% Operator) zunächst bis zum Sechsfachen des Payouts der ersten verpflichtenen 9 Mio CAD ein gestaffelt höherer CF Betrag gemessen am Anteil von Questerre zufließt (100%, 80%, 70%, 60%).
Der zweite Farmout-Vertrag sieht auch die Übernahme weiterer Anteile von anderen BR-Gesellschaftern gegen endgültige Royalty-Verträge vor.
Hier der letzte Pressrelease zu Beaver River:
Press Release Source: QUESTERRE ENERGY CORPORATION
Questerre Updates A-5 re-entry
Monday January 5, 8:34 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC: TSX) ("Questerre") reported today on the A-5 re-entry at the Beaver River Field in British Columbia.
The well is currently at 3624m measured depth (MD) and 3408m True Vertical Depth (TVD). Well data confirms the thickness of the shale sequence that overlies the Nahanni reservoir correlates to that found in the old A-5 well bore. A vertical seismic profile ("VSP") was acquired late in December to further verify the position of the well relative to the 3-D seismic interpretation.
Based on this well data and data obtained from the VSP, the Nahanni formation is now prognosed to be at approximately 3445m TVD, roughly 90m below the original prognosis of 3356m TVD. This indicates the top of the Nahanni is 45m higher than in the old A-5 well bore, as compared to Questerre`s original estimate of 130m. While currently evaluating the impact on the volumetric estimate of probable reserves assigned to this well, Questerre believes this will have a negligible impact on the overall volumetrics for the entire structure.
To optimize the drilling angle in reaching the Nahanni, the well bore will be plugged back to approximately 3410m MD (3330m TVD) and kicked off from this depth at an angle of approximately 45 degrees. This adjustment to the drilling angle also allows for optimization of the horizontal leg into this target formation.
Based on the additional drilling, Questerre anticipates completing this well by the end of January. The recently announced $1 million flow-through private placement will be utilized for the anticipated additional drilling costs.
President and Chief Executive Officer, Michael Binnion, commented, "We are disappointed by the additional delays in the drilling of this well. Nevertheless, we remain confident about completing a high productivity gas well at the crest of the Beaver River Field."
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
In Kürze erstelle ich eine Zusammenfassung der zwei Farmoutverträge, die den genauen Anteil von Questerre am CF aufzeigen:
Hier ist Questerre in einer sehr komfortablen Situation, weil nach dem ersten Farmout Vertrag (Übernahme von 60% Anteil an Beaver River, dafür Verpflichtung 9 Mio CAD als 100% Operator) zunächst bis zum Sechsfachen des Payouts der ersten verpflichtenen 9 Mio CAD ein gestaffelt höherer CF Betrag gemessen am Anteil von Questerre zufließt (100%, 80%, 70%, 60%).
Der zweite Farmout-Vertrag sieht auch die Übernahme weiterer Anteile von anderen BR-Gesellschaftern gegen endgültige Royalty-Verträge vor.
Hier der letzte Pressrelease zu Beaver River:
Press Release Source: QUESTERRE ENERGY CORPORATION
Questerre Updates A-5 re-entry
Monday January 5, 8:34 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC: TSX) ("Questerre") reported today on the A-5 re-entry at the Beaver River Field in British Columbia.
The well is currently at 3624m measured depth (MD) and 3408m True Vertical Depth (TVD). Well data confirms the thickness of the shale sequence that overlies the Nahanni reservoir correlates to that found in the old A-5 well bore. A vertical seismic profile ("VSP") was acquired late in December to further verify the position of the well relative to the 3-D seismic interpretation.
Based on this well data and data obtained from the VSP, the Nahanni formation is now prognosed to be at approximately 3445m TVD, roughly 90m below the original prognosis of 3356m TVD. This indicates the top of the Nahanni is 45m higher than in the old A-5 well bore, as compared to Questerre`s original estimate of 130m. While currently evaluating the impact on the volumetric estimate of probable reserves assigned to this well, Questerre believes this will have a negligible impact on the overall volumetrics for the entire structure.
To optimize the drilling angle in reaching the Nahanni, the well bore will be plugged back to approximately 3410m MD (3330m TVD) and kicked off from this depth at an angle of approximately 45 degrees. This adjustment to the drilling angle also allows for optimization of the horizontal leg into this target formation.
Based on the additional drilling, Questerre anticipates completing this well by the end of January. The recently announced $1 million flow-through private placement will be utilized for the anticipated additional drilling costs.
President and Chief Executive Officer, Michael Binnion, commented, "We are disappointed by the additional delays in the drilling of this well. Nevertheless, we remain confident about completing a high productivity gas well at the crest of the Beaver River Field."
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
@ all
Ergänzung zum Payout1: könnte obselet werden, wenn zweiter Farmout Vertrag erfüllt wird. Dann übernähme Questerre auch die anderen 40% und zahlt grundsätzlich nur noch eine Mini-Royalty an die 4 anderen Gesellschafter. Das ist mir i.M. aber unklar, ich kläre das ab.
Jedenfalls bekommt Questerre, wenn A5 wirklich prodziert, auf jeden Fall mehr als die 60% CF-Anteil, die nach Eigentümer-Anteil zugestanden haben. Entweder direkt oder indirekt
Ergänzung zum Payout1: könnte obselet werden, wenn zweiter Farmout Vertrag erfüllt wird. Dann übernähme Questerre auch die anderen 40% und zahlt grundsätzlich nur noch eine Mini-Royalty an die 4 anderen Gesellschafter. Das ist mir i.M. aber unklar, ich kläre das ab.
Jedenfalls bekommt Questerre, wenn A5 wirklich prodziert, auf jeden Fall mehr als die 60% CF-Anteil, die nach Eigentümer-Anteil zugestanden haben. Entweder direkt oder indirekt
Es tut sich was bei Questerre (s.u.).
Im Feb. sollten Ergebnisse zu A5 kommen...
Press Release Source: Questerre Energy Corporation
Questerre Announces New Appointments
Monday January 26, 8:01 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC:TSX) ("Questerre") is pleased to announce that it has appointed Dick Heikkinen, P. Eng., as Advisor to the Board, Drilling and Operations, Gordon Love, P. Eng., as Vice President, Engineering, and John Brodylo, P. Geol., as Vice President, Exploration.
Mr. Heikkinen has over 37 years` experience in the industry most recently as Manager, Drilling and Completions, at Petro-Canada from 1986 to 2001. He was primarily responsible for all drilling, completions, construction projects and logistics throughout Western Canada, offshore East Coast, the Mackenzie Delta and internationally. Since September 2003, Mr. Heikkinen has been actively involved in managing Questerre`s drilling operations at the Beaver River Field in British Columbia. Mr. Heikkinen holds a Bachelor`s Degree in Mechanical Engineering from the University of Alberta.
Mr. Love has over 23 years` experience primarily as a senior completions and operations engineer. Most recently he was employed in this capacity at Canadian Natural Resources Ltd. ("CNRL") and at Rio Alto Exploration ltd., prior to its acquisition by CNRL. Prior thereto, he was employed by ExxonMobil from 1981 to 2001 where his responsibilities included managing completion and production operations in Western Canada, Indonesia and offshore East Coast. Mr. Love holds Bachelors` degrees in Mechanical Engineering and Physics from the University of Alberta.
Mr. Brodylo has been Exploration Manager of Questerre since March 2001. Mr. Brodylo has over 18 years` experience as a geologist and geophysicist with medium to large energy companies. Mr. Brodylo`s career has focused on both development and exploration activities primarily in Central Alberta. He has been responsible for independently generating prospects, conducting large-scale regional studies and geological mapping integrated with geophysics and petrophysics. He was employed by Draig Energy Ltd from June 1998 to March 2001. From 1995 to 1998, he was employed by Pan Northern Resources Ltd. Prior thereto, he was employed by Samedan Oil of Canada Ltd. Mr. Brodylo was previously employed by Canadian Occidental Petroleum Ltd. as a exploration geologist in domestic and international operations from 1989 to 1993. Mr. Brodylo holds a Bachelor of Science Degree in Geology and Geophysics from the University of Calgary.
Questerre would also like to announce that it has granted incentive stock options to employees and consultants to purchase up to an aggregate of 283,000 common shares of the Corporation exercisable on or before January 25, 2009 at $1.50 per share. This option grant is subject to regulatory approval.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
Im Feb. sollten Ergebnisse zu A5 kommen...
Press Release Source: Questerre Energy Corporation
Questerre Announces New Appointments
Monday January 26, 8:01 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC:TSX) ("Questerre") is pleased to announce that it has appointed Dick Heikkinen, P. Eng., as Advisor to the Board, Drilling and Operations, Gordon Love, P. Eng., as Vice President, Engineering, and John Brodylo, P. Geol., as Vice President, Exploration.
Mr. Heikkinen has over 37 years` experience in the industry most recently as Manager, Drilling and Completions, at Petro-Canada from 1986 to 2001. He was primarily responsible for all drilling, completions, construction projects and logistics throughout Western Canada, offshore East Coast, the Mackenzie Delta and internationally. Since September 2003, Mr. Heikkinen has been actively involved in managing Questerre`s drilling operations at the Beaver River Field in British Columbia. Mr. Heikkinen holds a Bachelor`s Degree in Mechanical Engineering from the University of Alberta.
Mr. Love has over 23 years` experience primarily as a senior completions and operations engineer. Most recently he was employed in this capacity at Canadian Natural Resources Ltd. ("CNRL") and at Rio Alto Exploration ltd., prior to its acquisition by CNRL. Prior thereto, he was employed by ExxonMobil from 1981 to 2001 where his responsibilities included managing completion and production operations in Western Canada, Indonesia and offshore East Coast. Mr. Love holds Bachelors` degrees in Mechanical Engineering and Physics from the University of Alberta.
Mr. Brodylo has been Exploration Manager of Questerre since March 2001. Mr. Brodylo has over 18 years` experience as a geologist and geophysicist with medium to large energy companies. Mr. Brodylo`s career has focused on both development and exploration activities primarily in Central Alberta. He has been responsible for independently generating prospects, conducting large-scale regional studies and geological mapping integrated with geophysics and petrophysics. He was employed by Draig Energy Ltd from June 1998 to March 2001. From 1995 to 1998, he was employed by Pan Northern Resources Ltd. Prior thereto, he was employed by Samedan Oil of Canada Ltd. Mr. Brodylo was previously employed by Canadian Occidental Petroleum Ltd. as a exploration geologist in domestic and international operations from 1989 to 1993. Mr. Brodylo holds a Bachelor of Science Degree in Geology and Geophysics from the University of Calgary.
Questerre would also like to announce that it has granted incentive stock options to employees and consultants to purchase up to an aggregate of 283,000 common shares of the Corporation exercisable on or before January 25, 2009 at $1.50 per share. This option grant is subject to regulatory approval.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
Trading Spotlight
Anziehende Kurse könnten auf einen Erfolg bei A5 hindeuten!
aktuell CAD 1.29
Press Release Source: Questerre Energy Corporation
Questerre Updates A-5 Re-entry
Friday January 23, 5:51 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC:TSX) ("Questerre") reported today on the status of the A-5 re-entry at the Beaver River Field in British Columbia.
The well has encountered the top of the Nahanni formation at 3589 m measured depth (MD) (3472 m true vertical depth (TVD)) at an angle of 51 degrees. The mud gas detector recorded an increase in measured gas at this depth. This places the new well approximately 500m away from the original A-5 well.
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Operations to set production casing will commence this weekend in preparation for drilling the horizontal leg into the Nahanni during the first week of February.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
aktuell CAD 1.29
Press Release Source: Questerre Energy Corporation
Questerre Updates A-5 Re-entry
Friday January 23, 5:51 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC:TSX) ("Questerre") reported today on the status of the A-5 re-entry at the Beaver River Field in British Columbia.
The well has encountered the top of the Nahanni formation at 3589 m measured depth (MD) (3472 m true vertical depth (TVD)) at an angle of 51 degrees. The mud gas detector recorded an increase in measured gas at this depth. This places the new well approximately 500m away from the original A-5 well.
ADVERTISEMENT
Operations to set production casing will commence this weekend in preparation for drilling the horizontal leg into the Nahanni during the first week of February.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
Private Placement über Marktpreis! Das wäre ordentlich...
Questerre Announces $2.5 Private Placement
Friday January 30, 8:01 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Corporation") would like to announce that it intends to complete a private placement of 1,925,000 common shares, to be issued on a flow-through basis, at $1.30 per share for gross proceeds of $2.5 million. The completion of this private placement is subject to regulatory approval.
Questerre intends to appoint Canaccord Capital Corporation ("Canaccord") as lead agent for this placement. Canaccord will receive a commission of 7% of the gross proceeds of this offering.
The proceeds will be used to fund the completion, testing and tie-in costs of the A-5 well at the Beaver River Field in British Columbia.
Questerre would also like to announce that it has granted incentive stock options to purchase up to an aggregate of 30,000 common shares of the Corporation exercisable on or before January 29, 2009 at $1.50 per share. This option grant is subject to regulatory approval
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
Source: Questerre Energy Corporation
Questerre Announces $2.5 Private Placement
Friday January 30, 8:01 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Corporation") would like to announce that it intends to complete a private placement of 1,925,000 common shares, to be issued on a flow-through basis, at $1.30 per share for gross proceeds of $2.5 million. The completion of this private placement is subject to regulatory approval.
Questerre intends to appoint Canaccord Capital Corporation ("Canaccord") as lead agent for this placement. Canaccord will receive a commission of 7% of the gross proceeds of this offering.
The proceeds will be used to fund the completion, testing and tie-in costs of the A-5 well at the Beaver River Field in British Columbia.
Questerre would also like to announce that it has granted incentive stock options to purchase up to an aggregate of 30,000 common shares of the Corporation exercisable on or before January 29, 2009 at $1.50 per share. This option grant is subject to regulatory approval
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
Source: Questerre Energy Corporation
Höhere Kosten als geplant fallen an. Man darf auf die Ergebnisse gespannt sein...
Press Release Source: Questerre Energy Corporation
Questerre Energy Corporation: Horizontal Leg Commences on A-5 Re-Entry
Friday February 6, 6:04 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Corporation") reported today on the status of the A-5 re-entry at the Beaver River Field in British Columbia.
The pressure test of the 7" casing and 5" production liner was successfully completed earlier this morning. Horizontal drilling operations have now commenced in the Nahanni formation. The current schedule anticipates the drilling of the horizontal leg into the reservoir to be completed by February 15, 2004 with completion and testing of the well the following week.
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Questerre would like to provide an update on drilling costs for the A-5 well. Cost overruns, based on a preliminary cost estimate for the well of $5.3 million, are expected to be approximately $7.0 million. As at December 31, 2003, the Corporation estimates a working capital deficiency of $3.5 million that relates to these overruns. Completion, testing and tie-in costs are currently estimated at $2.5 million and are anticipated to be financed by the $2.5 million placement announced last week.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Press Release Source: Questerre Energy Corporation
Questerre Energy Corporation: Horizontal Leg Commences on A-5 Re-Entry
Friday February 6, 6:04 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Corporation") reported today on the status of the A-5 re-entry at the Beaver River Field in British Columbia.
The pressure test of the 7" casing and 5" production liner was successfully completed earlier this morning. Horizontal drilling operations have now commenced in the Nahanni formation. The current schedule anticipates the drilling of the horizontal leg into the reservoir to be completed by February 15, 2004 with completion and testing of the well the following week.
ADVERTISEMENT
Questerre would like to provide an update on drilling costs for the A-5 well. Cost overruns, based on a preliminary cost estimate for the well of $5.3 million, are expected to be approximately $7.0 million. As at December 31, 2003, the Corporation estimates a working capital deficiency of $3.5 million that relates to these overruns. Completion, testing and tie-in costs are currently estimated at $2.5 million and are anticipated to be financed by the $2.5 million placement announced last week.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Questerre Updates A-5 Re-Entry
Tuesday February 17, 9:02 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Corporation") reported today on the status of the A-5 re-entry at the Beaver River Field in British Columbia.
Horizontal drilling in the Nahanni formation was successfully completed on February 13, 2004. During the drilling of the horizontal section, the well encountered positive indicators of fracturing and matrix porosity. A 100m open-hole section was drilled in the reservoir to a measured depth of 3690m. This bottom hole location is approximately 650m laterally from the old A-5 wellbore. Completion operations are being finalized and the well will be tested later this week.
ADVERTISEMENT
Questerre is also pleased to announce that it has closed a previously announced private placement of flow-through and common equity for gross proceeds of $3.2 million.
The placement consisted in part of the issuance of 1,878,791 Common Shares, issued on a flow-through basis, at $1.30 per Common Share for gross proceeds of $2.4 million (the "Flow-Through Placement"). Canaccord Capital Corporation was appointed as agent for the Flow-Through Placement and received a cash commission equal to 7% of the gross proceeds of this placement.
The Corporation also issued 642,860 Common Shares at $1.11 per Common Share for gross proceeds of $0.7 million ("Common Equity Placement"). Den Norske Bank ASA was appointed as agent for the Common Equity Placement and received a cash commission of 7% of the gross proceeds of this placement. Subsequent to the completion of the private placement, there are a total of 44,633,897 Common Shares issued and outstanding.
Two directors and four senior officers of the Corporation participated in the private placement and acquired 850,730 common shares, issued on a flow-through basis, for an aggregate purchase price of $1,105,949. Questerre has determined that appropriate exemptions exist from the valuation and shareholder approval requirements of OSC Policy 61-501.
The proceeds from this equity placement will be utilized to fund the completion, testing and tie-in costs of the A-5 well at the Beaver River Field in British Columbia.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
--------------------------------------------------------------------------------
Tuesday February 17, 9:02 pm ET
CALGARY, ALBERTA--Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Corporation") reported today on the status of the A-5 re-entry at the Beaver River Field in British Columbia.
Horizontal drilling in the Nahanni formation was successfully completed on February 13, 2004. During the drilling of the horizontal section, the well encountered positive indicators of fracturing and matrix porosity. A 100m open-hole section was drilled in the reservoir to a measured depth of 3690m. This bottom hole location is approximately 650m laterally from the old A-5 wellbore. Completion operations are being finalized and the well will be tested later this week.
ADVERTISEMENT
Questerre is also pleased to announce that it has closed a previously announced private placement of flow-through and common equity for gross proceeds of $3.2 million.
The placement consisted in part of the issuance of 1,878,791 Common Shares, issued on a flow-through basis, at $1.30 per Common Share for gross proceeds of $2.4 million (the "Flow-Through Placement"). Canaccord Capital Corporation was appointed as agent for the Flow-Through Placement and received a cash commission equal to 7% of the gross proceeds of this placement.
The Corporation also issued 642,860 Common Shares at $1.11 per Common Share for gross proceeds of $0.7 million ("Common Equity Placement"). Den Norske Bank ASA was appointed as agent for the Common Equity Placement and received a cash commission of 7% of the gross proceeds of this placement. Subsequent to the completion of the private placement, there are a total of 44,633,897 Common Shares issued and outstanding.
Two directors and four senior officers of the Corporation participated in the private placement and acquired 850,730 common shares, issued on a flow-through basis, for an aggregate purchase price of $1,105,949. Questerre has determined that appropriate exemptions exist from the valuation and shareholder approval requirements of OSC Policy 61-501.
The proceeds from this equity placement will be utilized to fund the completion, testing and tie-in costs of the A-5 well at the Beaver River Field in British Columbia.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
--------------------------------------------------------------------------------
@ BFCist
"Two directors and four senior officers of the Corporation participated in the private placement and acquired 850,730 common shares, issued on a flow-through basis, for an aggregate purchase price of $1,105,949. Questerre has determined that appropriate exemptions exist from the valuation and shareholder approval requirements of OSC Policy 61-501."
Das Management kauft selbst über aktuellem Marktpreis...
"Two directors and four senior officers of the Corporation participated in the private placement and acquired 850,730 common shares, issued on a flow-through basis, for an aggregate purchase price of $1,105,949. Questerre has determined that appropriate exemptions exist from the valuation and shareholder approval requirements of OSC Policy 61-501."
Das Management kauft selbst über aktuellem Marktpreis...
Ist ein gutes Zeichen. Hoffe, dass sich das auf Eurogas positiv auswirkt.
@ BFCist
Auf Eurogas hat das i.M. wohl eher weniger Einfluss (vom CF her gesehen, etwas anderes wäre eine mögliche psychologische Wirkung, die man nicht ausschließen kann). Da sind andere Sachen wichtiger, weil Beaver River bei Eurogas im Verhältnis zu klein ist (Anteil! und Verhältnis zu anderen Projekten).
Zumal bin ich selbst i.M. nicht ganz sicher, ob Eurogas bei Produktionsaufnahme von A5 in Zukunft nicht nur noch eine Mini Royalty bekommt, die weit unter den bisher bekannten direkten 6.7% Anteil nach dem Payout von Questerre liegt (Anm.:vor dem Payout gibt es sowieso nur kleine Royalty). Ich habe da kürzlich etwas über einen neuen Vertrag gelesen. Das wird sich zeigen und hängt mit Sicherheit auch damit zusammen oder davon ab, ob Eurogas in den anderen Zweigen Erfolge meldet.
Wer wirklich auf Beaver River setzt, sollte auf jeden Fall direkt in Questerre investieren!
Auf Eurogas hat das i.M. wohl eher weniger Einfluss (vom CF her gesehen, etwas anderes wäre eine mögliche psychologische Wirkung, die man nicht ausschließen kann). Da sind andere Sachen wichtiger, weil Beaver River bei Eurogas im Verhältnis zu klein ist (Anteil! und Verhältnis zu anderen Projekten).
Zumal bin ich selbst i.M. nicht ganz sicher, ob Eurogas bei Produktionsaufnahme von A5 in Zukunft nicht nur noch eine Mini Royalty bekommt, die weit unter den bisher bekannten direkten 6.7% Anteil nach dem Payout von Questerre liegt (Anm.:vor dem Payout gibt es sowieso nur kleine Royalty). Ich habe da kürzlich etwas über einen neuen Vertrag gelesen. Das wird sich zeigen und hängt mit Sicherheit auch damit zusammen oder davon ab, ob Eurogas in den anderen Zweigen Erfolge meldet.
Wer wirklich auf Beaver River setzt, sollte auf jeden Fall direkt in Questerre investieren!
wer in Quest. investiert hat lieber RI hat heute 55 % verloren !!!
José
José
Reuters
Questerre shares hit as test results miss estimate
Monday February 23, 1:52 pm ET
TORONTO, Feb 23 (Reuters) - Shares of Questerre Energy Corp. (Toronto:QEC.TO - News) fell hard on Monday as results from the company`s well in British Columbia showed less natural gas than originally anticipated.
Questerre shares dropped 66 Canadian cents, or 55 percent, to 54 Canadian cents on the Toronto Stock Exchange (News - Websites) , making the company the steepest percent loser in the session.
The Calgary, Alberta-based resource company said the A-5 reentry at the Beaver River Field flowed on test at an estimated daily rate of 3 million cubic feet of natural gas.
"This rate was less than anticipated due to the presence of free formation water," the company said in a release. "This indicates the gas water contact in this compartment of the reservoir is higher than originally estimated."
Questerre shares hit as test results miss estimate
Monday February 23, 1:52 pm ET
TORONTO, Feb 23 (Reuters) - Shares of Questerre Energy Corp. (Toronto:QEC.TO - News) fell hard on Monday as results from the company`s well in British Columbia showed less natural gas than originally anticipated.
Questerre shares dropped 66 Canadian cents, or 55 percent, to 54 Canadian cents on the Toronto Stock Exchange (News - Websites) , making the company the steepest percent loser in the session.
The Calgary, Alberta-based resource company said the A-5 reentry at the Beaver River Field flowed on test at an estimated daily rate of 3 million cubic feet of natural gas.
"This rate was less than anticipated due to the presence of free formation water," the company said in a release. "This indicates the gas water contact in this compartment of the reservoir is higher than originally estimated."
Da werden die Zeichner des PP aber kotzen...
Übler Absturz.
Übler Absturz.
Sehr schlechtes Ergebnis bei A5. Das könnte für Questerre zu einem Problem werden, da sehr viel Geld investiert wurde. Bin gespannt, wie man dort weiter vorgehen wird.
@ BFCist
Die werden sich zunächst sehr ärgern! Man sieht aber, dass erst seit Anfang dieser Woche das Ergebnis klar ist, sonst hätte da keiner zu 1.30 CAD gezeichnet (selbst das Management!). Das ist so bei ÖL und Gaswerten, da ist nichts garantiert.
@ BFCist
Die werden sich zunächst sehr ärgern! Man sieht aber, dass erst seit Anfang dieser Woche das Ergebnis klar ist, sonst hätte da keiner zu 1.30 CAD gezeichnet (selbst das Management!). Das ist so bei ÖL und Gaswerten, da ist nichts garantiert.
Questerre ist aktuell ein Beispiel für das fehlende Quentchen Fortune im GAS-ÖL Bereich bei kleinen Explorern, die nur wenige oder nur ein Hauptgeschäftsfeld haben.
Trotzdem gebe ich Questerre noch nicht ganz auf, da eine starke Investorenhand im Hintergrund sitzt. Mal sehen, wie die jetzt weiter vorgehen. Das finde ich sehr interessant!
Bisher: Schade für die junge Gesellschaft, deren Hartnäckigkeit und Risikofreude bei Beaver River auch gut hätte belohnt werden können...
Ganz abschreiben darf man BR aber noch nicht (!), wobei das Risiko, noch mehr zu investieren, immer größer wird. Zuviel Geld ist da schon geflossen. Zusätzlich gibt es noch das St. Lawrence Lowlands Projekt.
Trotzdem gebe ich Questerre noch nicht ganz auf, da eine starke Investorenhand im Hintergrund sitzt. Mal sehen, wie die jetzt weiter vorgehen. Das finde ich sehr interessant!
Bisher: Schade für die junge Gesellschaft, deren Hartnäckigkeit und Risikofreude bei Beaver River auch gut hätte belohnt werden können...
Ganz abschreiben darf man BR aber noch nicht (!), wobei das Risiko, noch mehr zu investieren, immer größer wird. Zuviel Geld ist da schon geflossen. Zusätzlich gibt es noch das St. Lawrence Lowlands Projekt.
Wiedermal in die Schei.se gegriffen
Questerre pondering subsidiary`s future
2004-03-26 20:37 ET - News Release
Mr. Michael Binnion reports
QUESTERRE SUBSIDIARY TO EVALUATE STRATEGIC ALTERNATIVES
As a result of the previously disclosed cost overruns of the A-5 re-entry, Questerre Energy has initiated a process to identify and evaluate strategic and restructuring alternatives for its wholly owned subsidiary, Questerre Beaver River Inc.
A special committee of the board has been established to review and make recommendations to the board about these alternatives to maximize value for all stakeholders. To this end, the special committee has retained Ernst & Young Inc. as exclusive financial adviser to assist in this process.
2004-03-26 20:37 ET - News Release
Mr. Michael Binnion reports
QUESTERRE SUBSIDIARY TO EVALUATE STRATEGIC ALTERNATIVES
As a result of the previously disclosed cost overruns of the A-5 re-entry, Questerre Energy has initiated a process to identify and evaluate strategic and restructuring alternatives for its wholly owned subsidiary, Questerre Beaver River Inc.
A special committee of the board has been established to review and make recommendations to the board about these alternatives to maximize value for all stakeholders. To this end, the special committee has retained Ernst & Young Inc. as exclusive financial adviser to assist in this process.
@ BFCist
Solange keine Klarheit herrscht, wie es weiter geht, bleibt Questerre jetzt extrem spekulativ! Ich bin gespannt, wie es weiter gehen wird...
Solange keine Klarheit herrscht, wie es weiter geht, bleibt Questerre jetzt extrem spekulativ! Ich bin gespannt, wie es weiter gehen wird...
Questerre Updates Corporate Activities
4/1/04
CALGARY, ALBERTA, Apr 1, 2004 (CCNMatthews via COMTEX) --
Questerre Energy Corporation (QEC:TSX) (`Questerre`or the `Corporation`) reported today on recent developments with its projects in Quebec and British Columbia.
St. Lawrence Lowlands, Quebec
Questerre`s first well in the St. Lawrence Lowlandsdw
, the St. Sophie #1 well, is on schedule to spud by the end of May 2004. Lease construction is complete and the site has been inspected by local government personnel. The Nabors #9ETD drilling rig and all associated service equipment will be released early next week and mobilized to location in May following spring breakup.
The St. Sophie #1 well is the first well in a proposed multi-well exploration program planned for Questerre`s extensive acreage in the St. Lawrence Lowlands. The primary play in the Lowlands is a hydrothermal dolomite (`HTD`) sequence known regionally as the Trenton-Black River. Recently the Trenton-Black River play has been responsible for some of the largest discoveries in the Appalachian Basin in the United States. It remains one of the most prolific plays here and forms the basis for Talisman Energy`s new core area in this Basin.
Prompted by the success of this play in the Appalachian Basin, Questerre has entered into discussions with several industry partners, including an integrated utility company regarding their participation in the St. Sophie #1 well.
The St. Sophie #1 well is targeting an undrilled structure known as Becancour prospective for the Trenton-Black River formation. On an unrisked basis, the structure could contain recoverable reserves of up to 650 Bcf, with up to an estimated 1 Tcf of gas in place.
Beaver River Field, British Columbia
Over the last month Questerre`s wholly owned subsidiary, Questerre Beaver River Inc. (`QBRI`), has focused on tying-in the A-5 well drilled earlier this winter and incorporating the results from this well into the current field interpretation.
A-5 well and restructuring of QBRI
The tie-in of the A-5 well to the production facilities and the field gathering system was completed on schedule late last month. Stabilized production from this well will be determined by a long-term production test that is expected to commence shortly.
Cost overruns associated with the A-5 re-entry are currently estimated at $12.7 million, or nearly 2 1/2 times the original cost estimate of $5.3 million. As a result of these overruns, trade creditors are presently owed approximately $8.3 million by QBRI. In light of its current situation, a Special Committee of the Board of Questerre was recently formed to evaluate strategic and restructuring alternatives for QBRI.
On the recommendation of the Special Committee, to facilitate an orderly restructuring of the financial affairs of QBRI, QBRI has applied for and was granted protection from proceedings by creditors under the Companies Creditors Arrangement Act (`CCAA`) by an Order of the Court of Queen`s Bench of Alberta issued today under the CCAA. Unless extended by a further Order of the Court, the protection provided by the initial order will expire on April 30, 2004. Ernst &Young Inc. (`EYI`) has been appointed as an officer of the Court of Queen`s Bench of Alberta to monitor the business and affairs of QBRI while it remains under CCAA protection.
QBRI intends to formulate a plan of arrangement for the consideration of its creditors and other stakeholders in the near future. QBRI anticipates that the future plan of arrangement will be accepted by the creditors, allowing for the continued development of the Beaver River Field.
Evaluation of A-5 results and future field development
The absence of up-dip reservoir structure targeted by the A-5 re-entry indicated a major discrepancy with the existing 3-D seismic interpretation around the A-5 wellbore. To resolve this discrepancy, a detailed review of the seismic data and the resulting interpretation is underway. The review has suggested possible inconsistencies in the processing of the seismic data. To resolve these inconsistencies and better image the reservoir, the seismic data processing is being redone and a revised interpretation will be developed over the next two months.
A preliminary review of the updated seismic data continues to provide strong support for the theory of compartmentalization in the Beaver River Field. Drilling locations for undrilled compartments will be determined by the revised field interpretation. Subject to financing, QBRI anticipates spudding a well to test for these new compartments.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Questerre Energy Corporation Michael R. Binnion President (403) 777-1185 (403) 777-1578 (FAX) Email: info@questerre.com Website: www.questerre.com
4/1/04
CALGARY, ALBERTA, Apr 1, 2004 (CCNMatthews via COMTEX) --
Questerre Energy Corporation (QEC:TSX) (`Questerre`or the `Corporation`) reported today on recent developments with its projects in Quebec and British Columbia.
St. Lawrence Lowlands, Quebec
Questerre`s first well in the St. Lawrence Lowlandsdw
, the St. Sophie #1 well, is on schedule to spud by the end of May 2004. Lease construction is complete and the site has been inspected by local government personnel. The Nabors #9ETD drilling rig and all associated service equipment will be released early next week and mobilized to location in May following spring breakup.
The St. Sophie #1 well is the first well in a proposed multi-well exploration program planned for Questerre`s extensive acreage in the St. Lawrence Lowlands. The primary play in the Lowlands is a hydrothermal dolomite (`HTD`) sequence known regionally as the Trenton-Black River. Recently the Trenton-Black River play has been responsible for some of the largest discoveries in the Appalachian Basin in the United States. It remains one of the most prolific plays here and forms the basis for Talisman Energy`s new core area in this Basin.
Prompted by the success of this play in the Appalachian Basin, Questerre has entered into discussions with several industry partners, including an integrated utility company regarding their participation in the St. Sophie #1 well.
The St. Sophie #1 well is targeting an undrilled structure known as Becancour prospective for the Trenton-Black River formation. On an unrisked basis, the structure could contain recoverable reserves of up to 650 Bcf, with up to an estimated 1 Tcf of gas in place.
Beaver River Field, British Columbia
Over the last month Questerre`s wholly owned subsidiary, Questerre Beaver River Inc. (`QBRI`), has focused on tying-in the A-5 well drilled earlier this winter and incorporating the results from this well into the current field interpretation.
A-5 well and restructuring of QBRI
The tie-in of the A-5 well to the production facilities and the field gathering system was completed on schedule late last month. Stabilized production from this well will be determined by a long-term production test that is expected to commence shortly.
Cost overruns associated with the A-5 re-entry are currently estimated at $12.7 million, or nearly 2 1/2 times the original cost estimate of $5.3 million. As a result of these overruns, trade creditors are presently owed approximately $8.3 million by QBRI. In light of its current situation, a Special Committee of the Board of Questerre was recently formed to evaluate strategic and restructuring alternatives for QBRI.
On the recommendation of the Special Committee, to facilitate an orderly restructuring of the financial affairs of QBRI, QBRI has applied for and was granted protection from proceedings by creditors under the Companies Creditors Arrangement Act (`CCAA`) by an Order of the Court of Queen`s Bench of Alberta issued today under the CCAA. Unless extended by a further Order of the Court, the protection provided by the initial order will expire on April 30, 2004. Ernst &Young Inc. (`EYI`) has been appointed as an officer of the Court of Queen`s Bench of Alberta to monitor the business and affairs of QBRI while it remains under CCAA protection.
QBRI intends to formulate a plan of arrangement for the consideration of its creditors and other stakeholders in the near future. QBRI anticipates that the future plan of arrangement will be accepted by the creditors, allowing for the continued development of the Beaver River Field.
Evaluation of A-5 results and future field development
The absence of up-dip reservoir structure targeted by the A-5 re-entry indicated a major discrepancy with the existing 3-D seismic interpretation around the A-5 wellbore. To resolve this discrepancy, a detailed review of the seismic data and the resulting interpretation is underway. The review has suggested possible inconsistencies in the processing of the seismic data. To resolve these inconsistencies and better image the reservoir, the seismic data processing is being redone and a revised interpretation will be developed over the next two months.
A preliminary review of the updated seismic data continues to provide strong support for the theory of compartmentalization in the Beaver River Field. Drilling locations for undrilled compartments will be determined by the revised field interpretation. Subject to financing, QBRI anticipates spudding a well to test for these new compartments.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Questerre Energy Corporation Michael R. Binnion President (403) 777-1185 (403) 777-1578 (FAX) Email: info@questerre.com Website: www.questerre.com
Interessant finde ich, dass die 3-D Seismographische Untersuchung ein "falsches" Bild gliefert hat.
Wenn ich es richtig verstanden habe.
Aber noch scheint ja für Querrstere noch nich aller Tage Abend.
Wenn ich es richtig verstanden habe.
Aber noch scheint ja für Querrstere noch nich aller Tage Abend.
Schaut euch doch mal das Projekt der St. Lawrence Lowlands an. V.a. den Partner dort ... Gastem inc. Könnte auch interessant sein. Bin da noch am evaluieren, denke doch ich steig mit`n paar Euros ein.
Press Release Source: Questerre Energy Corporation
A-5 Well Producing 425 boe per day
Tuesday April 13, 6:02 pm ET
CALGARY, ALBERTA--(CCNMatthews - Apr 13, 2004) - Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Corporation") reported today on the A-5 well at the Beaver River Field in British Columbia.
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The well was tied-in to the production facilities and field gathering system earlier this month. A long-term production test commenced this week at an initial rate of 3 mmcf/d of raw gas against line pressure of 3700 KPA. Associated water production is estimated to be in excess of 1,000 cubic meters per day. Water disposal facilities at the A-5 well are currently capable of processing approximately 1,500 cubic meters daily without any further upgrades. The economic viability of this well will be determined over the next two to three months as production stabilizes with further optimization of facilities.
The Beaver River Field is currently tied into the Duke Energy Gas Transmission pipeline and all gas produced is processed at the Duke Energy Fort Nelson Gas Plant located approximately 100 miles from the field. Questerre currently has not entered into any fixed contracts and all natural gas is sold at the Station 2 spot price.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
A-5 Well Producing 425 boe per day
Tuesday April 13, 6:02 pm ET
CALGARY, ALBERTA--(CCNMatthews - Apr 13, 2004) - Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Corporation") reported today on the A-5 well at the Beaver River Field in British Columbia.
ADVERTISEMENT
The well was tied-in to the production facilities and field gathering system earlier this month. A long-term production test commenced this week at an initial rate of 3 mmcf/d of raw gas against line pressure of 3700 KPA. Associated water production is estimated to be in excess of 1,000 cubic meters per day. Water disposal facilities at the A-5 well are currently capable of processing approximately 1,500 cubic meters daily without any further upgrades. The economic viability of this well will be determined over the next two to three months as production stabilizes with further optimization of facilities.
The Beaver River Field is currently tied into the Duke Energy Gas Transmission pipeline and all gas produced is processed at the Duke Energy Fort Nelson Gas Plant located approximately 100 miles from the field. Questerre currently has not entered into any fixed contracts and all natural gas is sold at the Station 2 spot price.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
Press Release Source: Questerre Energy Corporation
Questerre Updates Corporate Activities
Wednesday June 9, 6:01 pm ET
CALGARY, ALBERTA--(CCNMatthews - Jun 9, 2004) - Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Corporation") reported today on progress with its projects in Quebec and British Columbia and recent corporate developments.
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St. Lawrence Lowlands, Quebec
The Corporation announced that Hydro-Quebec Petrole et Gaz ("Hydro") has agreed to participate in the Sainte Sophie #1 well in the St. Lawrence Lowlands, Quebec. This participation will reduce the interest of Gastem Inc. ("Gastem") in the well. Hydro, a division of Hydro-Quebec, was mandated by the Government of Quebec to promote the exploration for petroleum and natural gas in Quebec`s sedimentary basins. Hydro is accomplishing this mandate in association with the private sector.
Pursuant to the farmout agreement between Questerre, Gastem and Hydro, the Sainte Sophie #1 well will commence by July 31, 2004. Upon successful drilling and testing of the well, Hydro and Gastem will earn a 50% interest (10% to Hydro and 40% to Gastem) in the Sainte Sophie #1 well and 2,000 surrounding hectares by funding 75% of the costs (15% by Hydro and 60% by Gastem). Gastem will be the operator for the drilling of this well. Within 5 months of completing this initial well, Hydro and Gastem will have an option to drill additional wells on Questerre`s acreage in the St. Lawrence Lowlands on the same terms and conditions.
Questerre subsequently entered into a separate farmout agreement with Jed Wood, a Director of Questerre, for the Sainte Sophie #1 well. This agreement is subject to receipt of requisite approvals. Pursuant to the terms of the agreement, Mr. Wood will earn a 10% interest in this well and 2,000 surrounding hectares by funding 15% of the costs. Within 5 months of the successful completion and testing of this well, Mr. Wood will have an option to participate in additional wells on Questerre`s acreage in the St. Lawrence Lowlands on the same terms and conditions. As a result of these farmout agreements, Questerre now holds a 40% working interest in the Sainte Sophie #1 well.
The Sainte Sophie #1 well is targeting an undrilled structure known as Becancour prospective for the Trenton-Black River formation. On an unrisked basis, the structure could contain recoverable reserves of up to 650 Bcf, with up to an estimated 1 Tcf of gas in place. In addition to natural gas potential, the structure will also be evaluated as a prospective natural gas storage reservoir.
Beaver River Field, British Columbia
Questerre reported on the status of the A-5 well at the Beaver River Field in British Columbia. Current production from the A-5 well is approximately 1 mmcf/d of raw gas and 400 cubic meters of associated formation water. Questerre continues to monitor this well under a long-term production test.
The Corporation commenced reprocessing the 3-D seismic survey over the Beaver River Field during the second quarter of 2004. The reprocessing will resolve processing anomalies and is designed to better image the Nahanni reservoir. The Corporation anticipates this work will be completed during the third quarter of 2004.
Corporate
Questerre recently finalized a $0.5 million financing arrangement with Rupert`s Crossing, an Investment Corporation ("Rupert`s"). Rupert`s is a private investment holding company controlled by Michael Binnion, President, Chief Executive Officer and a Director of the Corporation. In accordance with the agreement, the Corporation issued a $0.5 million promissory note to Rupert`s. The note is due on November 14, 2004 with interest payable monthly at 12% per annum. The promissory note is secured by a General Security Agreement over the assets of the Corporation and the hypothecation of the Corporation`s exploration licenses in Quebec.
This financing arrangement and the completion of the farmout agreements will allow the Corporation`s projects to proceed in the short term.
The Corporation also updated the status of the reorganization of its wholly owned subsidiary, Questerre Beaver River Inc. ("QBR"). QBR is presently finalizing the claims process with its trade creditors. In connection with QBR`s claims process, several trade creditors of QBR have advanced claims against the Corporation for expenditures incurred in connection with the A-5 re-entry. While the validity and quantum of these claims against the Corporation cannot be determined with any certainty, the potential liability impacts the Corporation`s ability to secure additional equity financing to fund the development of its existing projects.
Subject to the successful resolution of outstanding claims against both QBR and the Corporation, Management believes Questerre has good prospects to finance the development of its existing and future projects in the long term. To this end, the Corporation is proposing to issue up to a maximum of 10 million Common Shares to arm`s length trade creditors as part of QBR`s plan of arrangement. The Corporation is seeking the approval of its shareholders for the issuance of these Common Shares at the Annual General and Special Meeting of shareholders to be held on June 23, 2004.
The farmout agreement with Mr. Wood and the issuance of the promissory note and General Security Agreement to Rupert`s are deemed related party transactions as defined by OSC Policy 61-501. These transactions are exempt from the valuation and shareholder approval requirements of OSC Policy 61-501 pursuant to the exemptions contained in sections 5.6(2) and 5.8(2) of Policy 61-501 in that the value of the transactions were less than 25% of the market capitalization of the Corporation.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
Questerre Updates Corporate Activities
Wednesday June 9, 6:01 pm ET
CALGARY, ALBERTA--(CCNMatthews - Jun 9, 2004) - Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Corporation") reported today on progress with its projects in Quebec and British Columbia and recent corporate developments.
ADVERTISEMENT
St. Lawrence Lowlands, Quebec
The Corporation announced that Hydro-Quebec Petrole et Gaz ("Hydro") has agreed to participate in the Sainte Sophie #1 well in the St. Lawrence Lowlands, Quebec. This participation will reduce the interest of Gastem Inc. ("Gastem") in the well. Hydro, a division of Hydro-Quebec, was mandated by the Government of Quebec to promote the exploration for petroleum and natural gas in Quebec`s sedimentary basins. Hydro is accomplishing this mandate in association with the private sector.
Pursuant to the farmout agreement between Questerre, Gastem and Hydro, the Sainte Sophie #1 well will commence by July 31, 2004. Upon successful drilling and testing of the well, Hydro and Gastem will earn a 50% interest (10% to Hydro and 40% to Gastem) in the Sainte Sophie #1 well and 2,000 surrounding hectares by funding 75% of the costs (15% by Hydro and 60% by Gastem). Gastem will be the operator for the drilling of this well. Within 5 months of completing this initial well, Hydro and Gastem will have an option to drill additional wells on Questerre`s acreage in the St. Lawrence Lowlands on the same terms and conditions.
Questerre subsequently entered into a separate farmout agreement with Jed Wood, a Director of Questerre, for the Sainte Sophie #1 well. This agreement is subject to receipt of requisite approvals. Pursuant to the terms of the agreement, Mr. Wood will earn a 10% interest in this well and 2,000 surrounding hectares by funding 15% of the costs. Within 5 months of the successful completion and testing of this well, Mr. Wood will have an option to participate in additional wells on Questerre`s acreage in the St. Lawrence Lowlands on the same terms and conditions. As a result of these farmout agreements, Questerre now holds a 40% working interest in the Sainte Sophie #1 well.
The Sainte Sophie #1 well is targeting an undrilled structure known as Becancour prospective for the Trenton-Black River formation. On an unrisked basis, the structure could contain recoverable reserves of up to 650 Bcf, with up to an estimated 1 Tcf of gas in place. In addition to natural gas potential, the structure will also be evaluated as a prospective natural gas storage reservoir.
Beaver River Field, British Columbia
Questerre reported on the status of the A-5 well at the Beaver River Field in British Columbia. Current production from the A-5 well is approximately 1 mmcf/d of raw gas and 400 cubic meters of associated formation water. Questerre continues to monitor this well under a long-term production test.
The Corporation commenced reprocessing the 3-D seismic survey over the Beaver River Field during the second quarter of 2004. The reprocessing will resolve processing anomalies and is designed to better image the Nahanni reservoir. The Corporation anticipates this work will be completed during the third quarter of 2004.
Corporate
Questerre recently finalized a $0.5 million financing arrangement with Rupert`s Crossing, an Investment Corporation ("Rupert`s"). Rupert`s is a private investment holding company controlled by Michael Binnion, President, Chief Executive Officer and a Director of the Corporation. In accordance with the agreement, the Corporation issued a $0.5 million promissory note to Rupert`s. The note is due on November 14, 2004 with interest payable monthly at 12% per annum. The promissory note is secured by a General Security Agreement over the assets of the Corporation and the hypothecation of the Corporation`s exploration licenses in Quebec.
This financing arrangement and the completion of the farmout agreements will allow the Corporation`s projects to proceed in the short term.
The Corporation also updated the status of the reorganization of its wholly owned subsidiary, Questerre Beaver River Inc. ("QBR"). QBR is presently finalizing the claims process with its trade creditors. In connection with QBR`s claims process, several trade creditors of QBR have advanced claims against the Corporation for expenditures incurred in connection with the A-5 re-entry. While the validity and quantum of these claims against the Corporation cannot be determined with any certainty, the potential liability impacts the Corporation`s ability to secure additional equity financing to fund the development of its existing projects.
Subject to the successful resolution of outstanding claims against both QBR and the Corporation, Management believes Questerre has good prospects to finance the development of its existing and future projects in the long term. To this end, the Corporation is proposing to issue up to a maximum of 10 million Common Shares to arm`s length trade creditors as part of QBR`s plan of arrangement. The Corporation is seeking the approval of its shareholders for the issuance of these Common Shares at the Annual General and Special Meeting of shareholders to be held on June 23, 2004.
The farmout agreement with Mr. Wood and the issuance of the promissory note and General Security Agreement to Rupert`s are deemed related party transactions as defined by OSC Policy 61-501. These transactions are exempt from the valuation and shareholder approval requirements of OSC Policy 61-501 pursuant to the exemptions contained in sections 5.6(2) and 5.8(2) of Policy 61-501 in that the value of the transactions were less than 25% of the market capitalization of the Corporation.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
Press Release Source: Questerre Energy Corporation
Questerre Updates Corporate Restructuring
Tuesday June 22, 11:29 am ET
CALGARY, ALBERTA--(CCNMatthews - Jun 22, 2004) - Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Company") reported today that its Board of Directors has approved the formulation of concurrent plans of arrangement from both Questerre and its subsidiary Questerre Beaver River Inc. ("QBR") for the settlement of creditor claims.
ADVERTISEMENT
As part of the claims process being conducted by QBR, certain parties that provided goods and services in connection with A-5 well at the Beaver River Field whose claims amount to more than $4 million have either advanced a claim or indicated they wish to advance a claim directly against the Company. Questerre is of the opinion that all costs incurred in connection with the A-5 re-entry were incurred by QBR for its benefit. However, the Company`s principal asset is its investment in QBR. Thus there is little practical difference as to which company creditors advance their claims against. In addition, the Company believes the cost of defending the actions that have been and may yet be advanced against it by these parties could exceed its available cash. More importantly, the existence of these claims has a detrimental impact on the Company`s ability to complete an equity financing in the near-term.
Other than these claims advanced against the Company by parties that provided goods and services in relation to the A-5 well, Questerre`s trade creditors consist mainly of the secured obligations to the Business Development Bank of approximately $275,000 and to Rupert`s Crossing, an Investment Corporation, of $500,000, a corporate guarantee issued in favor of a supplier in the amount of $161,000 and day-to-day trade creditors estimated at less than $50,000 in total.
To facilitate the filing of concurrent plans of arrangement, Questerre today applied for and was granted protection from proceedings under the Companies` Creditors Arrangements Act ("CCAA") by an Order of the Court of the Queen`s Bench of Alberta issued today under the CCAA. Unless extended by a further Order of the Court, the protection provided by the initial order will expire on July 21, 2004. Ernst & Young Inc. ("EYI") has been appointed as an officer of the Court of Queen`s Bench of Alberta to monitor the business and affairs of the Company while it remains under CCAA protection.
The Company and QBR intend to formulate and file concurrent plans of arrangement for the consideration of its respective creditors and other stakeholders by June 30, 2004. It is expected that these plans to creditors will be closely related and that the consideration under both plans will, to a great extent, be Common Shares of Questerre. Each plan will be conditional upon both plans being approved by the creditors. The Company anticipates that this approach will be the most cost effective way to restructure the Company. With the ability to raise additional capital, Management of Questerre is optimistic about achieving a full recovery for creditors through share equity.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
Questerre Updates Corporate Restructuring
Tuesday June 22, 11:29 am ET
CALGARY, ALBERTA--(CCNMatthews - Jun 22, 2004) - Questerre Energy Corporation (QEC:TSX) ("Questerre" or the "Company") reported today that its Board of Directors has approved the formulation of concurrent plans of arrangement from both Questerre and its subsidiary Questerre Beaver River Inc. ("QBR") for the settlement of creditor claims.
ADVERTISEMENT
As part of the claims process being conducted by QBR, certain parties that provided goods and services in connection with A-5 well at the Beaver River Field whose claims amount to more than $4 million have either advanced a claim or indicated they wish to advance a claim directly against the Company. Questerre is of the opinion that all costs incurred in connection with the A-5 re-entry were incurred by QBR for its benefit. However, the Company`s principal asset is its investment in QBR. Thus there is little practical difference as to which company creditors advance their claims against. In addition, the Company believes the cost of defending the actions that have been and may yet be advanced against it by these parties could exceed its available cash. More importantly, the existence of these claims has a detrimental impact on the Company`s ability to complete an equity financing in the near-term.
Other than these claims advanced against the Company by parties that provided goods and services in relation to the A-5 well, Questerre`s trade creditors consist mainly of the secured obligations to the Business Development Bank of approximately $275,000 and to Rupert`s Crossing, an Investment Corporation, of $500,000, a corporate guarantee issued in favor of a supplier in the amount of $161,000 and day-to-day trade creditors estimated at less than $50,000 in total.
To facilitate the filing of concurrent plans of arrangement, Questerre today applied for and was granted protection from proceedings under the Companies` Creditors Arrangements Act ("CCAA") by an Order of the Court of the Queen`s Bench of Alberta issued today under the CCAA. Unless extended by a further Order of the Court, the protection provided by the initial order will expire on July 21, 2004. Ernst & Young Inc. ("EYI") has been appointed as an officer of the Court of Queen`s Bench of Alberta to monitor the business and affairs of the Company while it remains under CCAA protection.
The Company and QBR intend to formulate and file concurrent plans of arrangement for the consideration of its respective creditors and other stakeholders by June 30, 2004. It is expected that these plans to creditors will be closely related and that the consideration under both plans will, to a great extent, be Common Shares of Questerre. Each plan will be conditional upon both plans being approved by the creditors. The Company anticipates that this approach will be the most cost effective way to restructure the Company. With the ability to raise additional capital, Management of Questerre is optimistic about achieving a full recovery for creditors through share equity.
Questerre Energy Corporation is a Calgary-based independent resource company actively engaged in the exploration for and development, production and acquisition of large-scale natural gas projects in Canada.
Contact:
Questerre Energy Corporation
Michael R. Binnion
President
Phone: (403) 777-1185
Fax: (403) 777-1578
Email: info@questerre.com
Website: www.questerre.com
Wie geht es mit Quersterre weiter?
Press Release
Source:
Questerre Energy Corporation
Questerre To Participate In New Exploration Project In Quebec
Monday November 1, 9:17 am ET
CALGARY,
ALBERTA--(CCNMatthews
Weiterlesen bitte unter:
http://biz.yahoo.com/ccn/041101/72b58d43110b30d2ae24d865d9b7…
-
Ich nehme Quersterre mal auf die Watchlist. Denn abgeschrieben wurde die von den Investoren wohl nicht, oder verstehe ich das falsch?
Press Release
Source:
Questerre Energy Corporation
Questerre To Participate In New Exploration Project In Quebec
Monday November 1, 9:17 am ET
CALGARY,
ALBERTA--(CCNMatthews
Weiterlesen bitte unter:
http://biz.yahoo.com/ccn/041101/72b58d43110b30d2ae24d865d9b7…
-
Ich nehme Quersterre mal auf die Watchlist. Denn abgeschrieben wurde die von den Investoren wohl nicht, oder verstehe ich das falsch?
Questerre natürlich.Sorry.
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