Questerre Implements Unconventional Oil Strategy in Third Quarter
Investing News Network - November 11th, 2011
Questerre Energy Corporation (TSX:QEC) announced on its 2011 third quarter financial and operating results.
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. 