Questerre Energy Corporation
TSX : QEC
OSLO STOCK EXCHANGE : QEC

Questerre Energy Corporation

December 11, 2009 12:09 ET

Questerre Appoints Pat Quinlan to Board

CALGARY, ALBERTA--(Marketwire - Dec. 11, 2009) -

NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) is pleased to announce that Pat Quinlan has joined the Board of Questerre.

Mr. Quinlan is Vice President and head of the global oil and gas services group of Capgemini, an international consulting firm. He has over 25 years oil and gas experience and has worked in over 30 countries primarily with national oil companies. Mr. Quinlan is based in Calgary, Alberta.

Peder Paus, Chairman of Questerre, commented, "Pat Quinlan is a welcome addition to our Board. As a seasoned oil and gas expert with technical and financial experience, we expect he will play an important role as we begin to commercialize the Utica shale in Quebec."

Prior to joining Capgemini (Ernst & Young) in 1986, he was employed by Dome Petroleum (BP) in a number of production and development engineering positions. He holds an engineering degree from Dalhousie University and an M.B.A. from the University of Calgary.

Questerre also announced that it has accepted the resignation of David Mallory from the Board effective immediately. Mr. Mallory is a founding director since November 2000. Mr. Mallory will be pursuing his position as Chief Executive Officer of BLZ Energy Ltd., a junior exploration and production company focused on northeast BC. The Board would like to thank him for his invaluable contribution over the last nine years and wishes him the best in his future endeavors.

Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.

This news release contains certain statements which constitute forward-looking statements or information ("forward-looking statements"). Although the Company believes that the expectations reflected in our forward-looking statements are reasonable, our forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information available to the Company. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking statements. As such, readers are cautioned not to place undue reliance on the forward looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our Annual Information Form and other documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

This news release does not constitute an offer of securities for sale in the United States. These securities may not be offered or sold in the United States absent registration or an available exemption from registration under the United States Securities Act of 1933, as amended.

Barrel of oil equivalent ("boe") amounts may be misleading, particularly if used in isolation. A boe conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil and is based on an energy equivalent conversion method application at the burner tip and does not necessarily represent an economic value equivalent at the wellhead.

Contact Information

  • Questerre Energy Corporation
    Anela Dido
    Investor Relations
    (403) 777-1185
    (403) 777-1578 (FAX)
    info@questerre.com