Questerre Energy Corporation

Questerre Energy Corporation

November 06, 2006 00:15 ET

Questerre Energy Corporation: Talisman Spuds Gentilly #1

CALGARY, ALBERTA--(CCNMatthews - Nov. 6, 2006) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSE:QEC) announced today that Talisman Energy Canada ("Talisman") spud the Gentilly #1 well earlier this week.

The well is expected to test multiple exploration targets with an estimated total vertical depth at over 2600m.

As a result of its election to participate and its carried working interest, Questerre will pay 10.5% of the well costs and have a 17.5% working interest in the well. Questerre will also receive an overriding royalty on any production from the well.

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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