Questerre Energy Corporation

Questerre Energy Corporation

March 27, 2006 00:15 ET

Questerre Energy Corporation: A-2 Well on Production

CALGARY, ALBERTA--(CCNMatthews - March 27, 2006) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSE:QEC) is pleased to announce that production has commenced from the A-2 well at the Beaver River Field.

The A-2 well was tied-in to the local gathering system last week ahead of schedule and under budget. Production from the well will be processed at the Duke Energy Fort Nelson Plant. The gas will be sold at a nominal premium to the quoted Station 2 price as reported in the "Gas Daily's Daily Price Survey."

Michael Binnion, President and Chief Executive Officer, commented, "The quick tie-in of this well was achieved through the hard work of our field operations staff. I am pleased to report now that commercial production has commenced from the Mattson sands at the Field. I look forward to the drilling of the next Mattson well this summer."

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.

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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