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Questerre Energy Corporation (TSX:QEC) has entered into a letter of intent to develop oil shale in North America.
Questerre Energy Corporation (TSX:QEC) has entered into a letter of intent to develop oil shale in North America.
As quoted in the press release:
Pursuant to the letter of intent with Red Leaf Resources Inc. (“Red Leaf”), an oil shale technology and resource company, Questerre intends to participate for a 10% working interest in the development of Red Leaf’s 5120 acres in Wyoming.
Questerre Energy’s President and Chief Executive Officer, Michael Binnion commented:
We expect oil from shale will become the foundation of our unconventional oil strategy.
Click here to read the Questerre Energy Corporation (TSX:QEC) press release.
