Questerre Energy Corporation
TSX : QEC
OSLO STOCK EXCHANGE : QEC

Questerre Energy Corporation

January 03, 2008 00:15 ET

Questerre Energy Corporation: A-8 Well to be Tested in Mid-January

CALGARY, ALBERTA--(Marketwire - Jan. 3, 2008) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) and Transeuro Energy Corp. ("Transeuro") are pleased to announce that the A-8 well was successfully drilled to target depth.

The well encountered the Nahanni formation as expected at a measured depth of 3898m and drilling continued to a total measured depth of 4130m to access some 232m of Nahanni reservoir. The well was subsequently conditioned and logged open hole. Based on an interpretation of the logs, the well will be cased and tested in mid-January as a potential gas producer.

Questerre Energy Corporation 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.

Transeuro Energy Corp. is involved in the acquisition of petroleum and natural gas rights, the exploration for, and development and production of crude oil, condensate and natural gas. The Company's properties are located in Canada, Armenia Ukraine and in Papua New Guinea through majority ownership in Eaglewood Energy Inc.

This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company's plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.

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