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Last C$0.30 CAD
Change Today -0.01 / -3.28%
Volume 17.5K
QEC On Other Exchanges
As of 4:10 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

questerre energy corp - a (QEC) Snapshot

Previous Close
Day High
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52 Week High
06/10/14 - C$1.40
52 Week Low
05/25/15 - C$0.26
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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 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.

Questerre Energy Corp. Reports Earnings and Production Results for the First Quarter Ended March 31, 2015

Questerre Energy Corp. reported earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported cash flows from operating activities of $2,220,000 compared to $3,575,000 a year ago. Cash flows from operations were $1,285,000 compared to $5,542,000 a year ago. The company reported a net loss of $0.56 million for the quarter compared to a profit of $1.18 million for the prior year. The company reported that production from the Kakwa Resthaven area averaged 819 boe/d and contributed to daily production of 1,257 boe/d for the company during the first quarter of 2015.

Questerre Energy Corp. Announces Board Changes

Questerre Energy Corp. announced that Peder Paus, will retire as Chairman of the Board and step down from the board of directors at the company's Annual General Meeting to be held in Calgary on June 9, 2015. Subject to shareholder approval, the company plans to appoint Bjorn Inge Tonnessen, as Chairman of the company. Mr. Tonnessen has been a director of the company since 2007.


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