Questerre Energy Corporation
TSX : QEC
OSLO STOCK EXCHANGE : QEC

Questerre Energy Corporation

December 12, 2008 03:15 ET

December 12, 2008-Questerre to Be Included in Oslo Bors Benchmark Index

CALGARY, ALBERTA--(Marketwire - Dec. 12, 2008) -

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) announced today that it will be included in the Oslo Bors Benchmark Index ("OSEBX") effective January 1, 2009.

Michael Binnion, President and Chief Executive Officer of Questerre, commented, "Being included in the OSEBX is a great recognition of the development of Questerre. Our participation reflects the excellent liquidity and turnover in our shares since listing in 2005 and particularly this year."

The OSEBX is intended to be an investable index comprising a representative selection of all shares listed on Oslo Bors. The OSEBX was introduced in 2001, and replaced the former total index. Since this time, the number of companies included in the OSEBX has varied between 52 and 81. The composition of the OSEBX was revised this December and nineteen companies were dropped and two companies were added, including Questerre. There will be 59 companies in the OSEBX as of January 1, 2009 and existing members include StatoilHydro, Norsk Hydro ASA, Telenor and Royal Caribbean Cruises.

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 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.

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.

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.

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