Questerre Energy Corporation
TSX : QEC
OSLO STOCK EXCHANGE : QEC

Questerre Energy Corporation

February 20, 2008 14:00 ET

Questerre Updates A-8 Well

CALGARY, ALBERTA--(Marketwire - Feb. 20, 2008) - Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) reported today on the recent test results from the A-8 well at the Beaver River Field in British Columbia.

Following the initial test in January, the well was placed on an extended flow and buildup. Over a 50-hour test period the A-8 well flowed at stabilized rates of approximately 400 mcf/d (67 boe/d) and 900 bbls/d of formation water on a 3/8'' choke with a flowing tubing pressure of 4300 kPa.

Questerre is currently evaluating further testing of the Nahanni with its partner, Transeuro Energy Corp. The Company is also assessing testing the shallower prospective zones, including the Mississippian Prophet. The construction of pipelines and production facilities for this well will depend on the final test results from the Nahanni and the shallower zones.

Michael Binnion, President and Chief Executive Officer of Questerre, commented, "These full test results are consistent with the preliminary test results announced in January. While we expect to produce the A8 well on a commercial basis we do not expect it to make a material impact on our production numbers as we originally hoped for."

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