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Last C$0.20 CAD
Change Today -0.01 / -4.76%
Volume 82.6K
QEC On Other Exchanges
Symbol
Exchange
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As of 4:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

questerre energy corp - a (QEC) Snapshot

Open
C$0.21
Previous Close
C$0.21
Day High
C$0.21
Day Low
C$0.20
52 Week High
09/3/14 - C$1.18
52 Week Low
08/24/15 - C$0.17
Market Cap
53.0M
Average Volume 10 Days
57.9K
EPS TTM
C$-0.02
Shares Outstanding
264.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for QUESTERRE ENERGY CORP - A (QEC)

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questerre energy corp - a (QEC) Details

Questerre Energy Corporation, an independent energy company, acquires, explores for, and develops non-conventional oil and gas resources in North America. The company produces tight oil, oil shale, shale oil, and shale gas. It primarily holds 82.5% working interest in the Kakwa-Resthaven with an area of 45,920 acres situated in west central Alberta; and the Antler area located in the southeast Saskatchewan. The company also holds assets for the production of oil shale in the United States and Saskatchewan; and for the production of shale gas in the St. Lawrence Lowlands, Quebec, as well as interest in British Columbia and Manitoba. As of December 31, 2014, it had an interest in 53.1 net producing; and 32.3 net non-producing oil and natural gas wells. The company was formerly known as Westpro Equipment Ltd. and changed its name to Questerre Energy Corporation in December 2000. Questerre Energy Corporation was incorporated in 1971 and is headquartered in Calgary, Canada.

19 Employees
Last Reported Date: 03/26/15
Founded in 1971

questerre energy corp - a (QEC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$403.3K
Chief Financial Officer
Total Annual Compensation: C$215.4K
Vice President of Engineering & Operations
Total Annual Compensation: C$200.0K
Vice President of Land
Total Annual Compensation: C$180.0K
Compensation as of Fiscal Year 2014.

questerre energy corp - a (QEC) Key Developments

Questerre Energy Corp. Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Investment Guidance for the Remainder of the Year 2015; Announces Impairment of Assets for the Second Quarter Ended June 30, 2015

Questerre Energy Corp. announced unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income was $1.43 million compared to $0.52 million a year ago. Petroleum and natural gas revenue, net of royalties was $5,871,000 compared to $5,782,000 for the same period a year ago. Income before taxes was $469,000 compared to $1,404,000 for the same period a year ago. Net income per share, basic and diluted was $0.01. Net cash generated from operating activities was $1,593,000 compared to $3,397,000 for the same period a year ago. Property, plant and equipment expenditures were $1,575,000. Exploration and evaluation expenditures were $3,520,000 compared to $11,254,000 for the same period a year ago. For the six months, the company reported net income of $0.88 million compared to $1.70 million a year ago. Petroleum and natural gas revenue, net of royalties was $9,680,000 compared to $13,800,000 for the same period a year ago. Loss before taxes was $552,000 compared to income before income taxes of $3,397,000 for the same period a year ago. Net cash generated from operating activities was $3,813,000 compared to $6,972,000 for the same period a year ago. Property, plant and equipment expenditures were $1,734,000 compared to $2,780,000 for the same period a year ago. Exploration and evaluation expenditures were $11,564,000 compared to $20,833,000 for the same period a year ago. For the quarter, the company announced an average daily production of 1,480 boe/d compared to 849 boe/d for the same period a year ago. For the six months, the company announced average production of 1,369 boe/d compared to 991 boe/d for the same period a year ago. The company anticipates it will incur capital investment as an incremental $8.5 million on Montney over the remainder of the year 2015. For the second quarter ended June 30, 2015, the company announced impairment of assets of $256,000 compared to $199,000 for the same period a year ago.

Questerre Energy Corporation Reports Daily Production for the Month of June 2015

Questerre Energy Corporation reported that its daily production for the month of June 2015 averaged 1,800 boe/d. The increase in production is largely due to the commissioning of the expanded central compression and stabilization facility on its joint venture acreage in the Kakwa-Resthaven area in early May. Production from this area has increased to approximately 1,300 boe/d (50% condensate and liquids and 50% natural gas) since May from 819 boe/d in the first quarter of this year.

Questerre Energy Corporation Enters into Memorandum of Understanding with the Ministry of Energy and Mineral Resources of the Hashemite Kingdom of Jordan

Questerre Energy Corporation announced that it has entered into a memorandum of understanding with the Ministry of Energy and Mineral Resources of the Hashemite Kingdom of Jordan for the appraisal and development of oil shale acreage in Jordan. The MOU encompasses two blocks covering 388 square kilometers in the Isfir-Jafr area, approximately 200 km south of the capital, Amman. To date, a total of 35 core holes have been drilled on these two blocks by the Natural Resources Authority of Jordan. The Company is analyzing available data from these wells to develop its work program. The primary objective of the work program will be to assess the acreage for potential oil shale development. The assessment will include economic viability, geologic, geophysical, hydrological studies as well as the feasibility of internal project electrical generation using oil shale. The initial term of the MOU is two years and may be extended. The company estimates its commitments could be range between $3 million to $5 million over the two year initial term of the MOU. Subject to results, the company intends to develop a subsequent work program that would be conducted during the initial phase of a future concession agreement.

 

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