Questerre Implements Unconventional Oil Strategy in Third Quarter

Questerre Energy Corporation (TSX:QEC) announced on its 2011 third quarter financial and operating results.

As quoted in the press release:

Highlights

• Evaluating unconventional oil opportunities to complement Quebec discovery

• Concluded light oil asset acquisition in Saskatchewan for $13.25 million

• Groundwork begins for strategic environmental assessment of shale gas in Quebec

• Growing oil weighting generated cash flow from operations of $3.01 million with production of 604 boe/d and current production over 700 boe/d

Click here to read the Questerre Energy Corporation (TSX:QEC) press release.