Questerre Energy Corporation
TSX : QEC
OSLO STOCK EXCHANGE : QEC

Questerre Energy Corporation

June 10, 2009 00:28 ET

Questerre Acquires Horn River Shale Acreage

CALGARY, ALBERTA--(Marketwire - June 10, 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 it has acquired exploration licenses covering over 17,900 (12,800 net) acres prospective for the Devonian Horn River shales.

Michael Binnion, President and Chief Executive Officer, commented, "We now have a great toe-hold in this highly prospective area. In addition to the primary target of Devonian shales, we believe the land also holds potential for Keg River reefs and the proven Jean Marie resource play. Subject to further technical work, we could drill our first well here in early 2010."

The acreage is on trend with recent and planned shale wells by several majors in the Horn River Basin in northeast British Columbia. It also lies adjacent to several deeper Keg River and Slave Point discoveries in the area as well as the Company's acreage in Greater Sierra region.

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.

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.

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.

Contact Information

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