Michael Binnion is the President and CEO and founding shareholder of Questerre Energy, established in November 2000. The area is prospective for natural gas in several horizons with the primary target being the Utica shale. The Act will govern the development of hydrocarbons in the province of Quebec. The best estimate by GLJ of risked Prospective Resources net to Questerre is 0.94 trillion cubic feet (“Tcf”) (157 million barrels of oil equivalent (“boe”)). Secondary targets include the shallower Lorraine silts and shale and the deeper Trenton Black-River carbonate. As such, readers are cautioned not to place undue reliance on the forward-looking information, as no assurance can be provided as to future results, levels of activity or achievements. Given the high importance of the issues, the Company has been granted a fast track hearing on judicial review in the first quarter of 2019 that will decide on setting the fracking ban regulations aside. The Company operates non … Upon closing of the transaction, both parties will release each other from all claims related to the outstanding litigation. “Gross” resources are Questerre’s working interest (operating or non-operating) share before deduction of royalties and without including any royalty interests of Questerre. 1650, 801 Sixth Avenue SWCalgary, AlbertaCanada T2P 3W2tel +1 403 777-1185fax +1 403 777-1578info@questerre.com. Those factors and assumptions are based upon currently available information available to Questerre. 1650, 801 Sixth Avenue SWCalgary, AlbertaCanada T2P 3W2tel +1 403 777-1185fax +1 403 777-1578info@questerre.com. Questerre Energy Corp. 1650, 801 Sixth Avenue SW. Calgary, Alberta. We are committed to being transparent and are respectful that the public must be part of making the important choices for our energy future. There is no certainty that it will be commercially viable to produce any portion of the contingent resources or that Questerre will produce any portion of the volumes currently classified as contingent resources. Download our latestoperating and financialresults. Questerre Energy is a Canadian oil and gas firm with assets across the prairies, Quebec, Utah and Jordan. Our Clean Tech Energy project in Quebec will dramatically reduce full lifecycle emissions and so could benefit from a stronger focus on ESG.”Commenting … Additionally, the Quebec Resource Assessment details the best estimate of risked Contingent Resources net to Questerre is 313 Bcf (52 million boe). tel +1 403 777-1185. fax +1 403 777-1578. info@questerre.com. Prospective resources have both an associated chance of discovery (CoDis) and a chance of development (CoDev). This news release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”) including the Company’s plans to engage the Government and other stakeholders on its Clean Tech Energy project, its plans to share profits from this project with local communities, its belief that this will be essential to the social acceptability needed to move forward and its plans to update the resource assessment for the newly acquired acreage. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. The last time they did so was in 2010. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Hydrogen is becoming more important as a … It is leveraging its expertise gained through early exposure to low permeability reservoirs to acquire significant high-quality resources. The deal with Repsol tripled Questerre’s total Quebec Lowlands shale gas properties to about 1,560 square miles. Advisory Regarding Forward-Looking Statements. Calgary, Alberta — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that it has received all approvals and has closed the acquisition of assets in Quebec pursuant to the purchase and sale agreement with a senior exploration and production company (the “Agreement”) as set out in the Company’s press release dated March 7, 2019. Questerre, a Canadian driller, has patiently waited for years to begin drilling on their extensive Utica acreage in the St. Lawrence Lowlands of Quebec–even though last year Quebec all but permanently banned such drilling (see Quebec to Ban Utica Shale Drilling, Most Other Drilling Too). Posted letters of credit as security for the newly acquired acreage later this year of..., such as tight oil, oil shale, shale oil and gas projects likely to begin,... 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