Questerre Energy Corporation

Questerre Energy Corporation

December 15, 2006 00:15 ET

Questerre Updates Gentilly #1 Well

CALGARY, ALBERTA--(CCNMatthews - Dec. 15, 2006) - Questerre Energy Corporation (TSX:QEC) (OSE:QEC) ("Questerre" or the "Company") reported today that Talisman Energy Inc. ("Talisman"), the operator, has finalized drilling operations on the Gentilly #1 well in the St. Lawrence Lowlands in Quebec. Questerre holds an interest in the Gentilly #1 well.

The well reached total depth of 2530m and was logged to evaluate prospective intervals. Based on the logs, a liner was set in the Potsdam formation. The operator is currently developing a program to test the fractured shales and Trenton Black-River intervals. Testing of these intervals is expected to commence during the first quarter of 2007.

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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