Calgary, Alberta -- Questerre Energy Corporation ("Questerre" or the "Company")
reported today it has successfully closed the previously announced sale of its
non-operated minority working interest in its Kakwa Central assets for total
consideration of $23.5 million effective May 1, 2026.
Pursuant to a purchase and sale agreement, the consideration includes a cash
payment of $23.5 million, the assumption of decommissioning liabilities for the
assets as well as the Company's commitments under its firm transportation and
processing contracts.
Questerre is an energy technology and innovation company focused on responsibly
developing oil and gas resources. The Company holds a significant natural gas
discovery in the Quebec Utica shale, widely recognized as one of the most
important undeveloped natural gas resources in Eastern Canada. The Company
believes society can successfully transition its energy portfolio. With new
clean technologies and innovation to responsibly produce and use energy, society
can sustain both human progress and the natural environment.
Questerre is a believer that the future success of the energy industry depends
on a balance of economics, environment, and society. We are committed to being
transparent and are respectful that the public must be part of making the
important choices for our energy future.
For further information, please contact:
Questerre Energy Corporation
Jason D'Silva, Chief Financial Officer
(403) 777-1185 | (403) 777-1578 (FAX) |Email: info@questerre.com