Tuesday, September 1, 2009

Canadian Stock Research - Questerre Energy Corporation

Canadian Stock Research News Update:

"Questerre Utica Shale Discovery Assessed at Over 4 Tcf"

CALGARY, ALBERTA--(Marketwire - Sept. 1, 2009) -

Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) announced that Netherland, Sewell & Associates, Inc., ("NSAI") an independent reservoir engineering firm based in Texas, has estimated the prospective original gas in place for the Utica shale in the deep fairway in the St. Lawrence Lowlands at 150 Bcf per square mile, which is 66% higher than earlier industry figures. NSAI has further estimated Questerre's prospective recoverable resources to range between 2.2 Tcf - 8.0 Tcf with a best estimate of 4.28 Tcf, equivalent to 360-1,300 million barrels of oil equivalent.

Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We are very pleased the report confirms the significance of our discovery in Quebec. This is the first time we have released estimates of our Utica gas discovery."

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