Questerre Energy Corporation
TSX : QEC
OSLO STOCK EXCHANGE : QEC

Questerre Energy Corporation

December 07, 2006 00:15 ET

Questerre Energy Corporation: Talisman updates Gentilly #1 Well

CALGARY, ALBERTA--(CCNMatthews - Dec. 7, 2006) - Questerre Energy Corporation (TSX:QEC)(OSE:QEC) ("Questerre" or the "Company") reported today that Talisman Energy Inc. ("Talisman"), the operator, has updated the status of the Gentilly #1 well in the St. Lawrence Lowlands in Quebec. Questerre holds an interest in the Gentilly #1 well.

Talisman has commented that the Gentilly #1 well has encountered gas shows in shallow fractured shales as well as within the Trenton Black-River formation. Both gas shows are encouraging and subsequent testing is being planned to further evaluate the zones. The well is currently drilling ahead within the Potsdam formation and has nearly reached total depth.

The entire presentation made by Ron Eckhardt, EVP North America Operations, Talisman Energy Inc., at the Desjardins Materials Conference in Montreal, Quebec on December 4 and 5, 2006 can be viewed online at http://events.onlinebroadcasting.com/desjardins/120406/index.php.

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.

Contact Information