Calgary, Alberta -- Questerre Energy Corporation ("Questerre" or the "Company")
(Euronext Growth Oslo: QGAS) (TSE, OSE: QEC) announced today that it has signed
a mediation protocol with the Attorney General of Quebec and the Quebec Ministry
of the Economy, Innovation and Energy. Utica Resources Inc., Gaspé Énergies
Inc., Utica Resources Northeast Inc., Utica Resources Southwest Inc. and Utica
Resources Joly Inc. (collectively "Utica"), a separate plaintiff in the test
cases, are also parties to the protocol.
The mediation relates to Quebec Superior Court files 200-17-028534-188,
200-17-033326-224 and 200-17-032721-219. The mediator will be selected by
agreement of the parties. Sessions will be held in Quebec City.
Under the protocol, the parties will jointly apply to the court to have next
steps in the court timetable in these files deferred by a minimum of 120 days
from the date of signature. The mediation is voluntary and non-binding, and no
party is obliged to reach an agreement.
The mediation process is confidential. The Company will not comment further on
the proceedings or the mediation while it continues, except as required by
securities law.
Questerre is an energy technology and innovation company focused on responsibly
developing oil and gas resources.
For further information, please contact:
Questerre Energy Corporation
Bjorn Inge Tonnessen, Chairman +47.902.01.289 | Email: bitonnessen@questerre.com
Hans Jacob Holden, Director +47.909.42.667 | Email: hjholden@questerre.com
Jason D'Silva, Chief Financial Officer (403) 777-1185 | (403) 777-1578 (FAX)
|Email: info@questerre.com
Advisory Regarding Forward-Looking Statements This news release contains certain
statements which constitute forward-looking statements or information
("forward-looking statements") within the meaning of applicable securities laws
in Canada. Any statements about Questerre's expectations, beliefs, plans, goals,
targets, predictions, forecasts, objectives, assumptions, information and
statements about possible future events, conditions and results of operations or
performance are not historical facts and may be forward-looking. Forward-looking
information is often, but not always, made through the use of words or phrases
such as "anticipates", "aims", "strives", "seeks", "believes", "can", "could",
"may", "predicts", "potential", "should", "will", "estimates", "plans",
"mileposts", "projects", "continuing", "ongoing", "expects", "intends" and
similar words or phrases suggesting future outcomes. Forward-looking information
in this news release includes but is not limited to the appointment of a
mediator, the application to defer the next steps in the court timetable and the
mediation process.
Although Questerre believes that the expectations reflected in these
forward-looking statements are reasonable, undue reliance should not be placed
on them because Questerre can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and conditions,
by their very nature they involve inherent risks and uncertainties. Current
conditions, economic and otherwise, render assumptions, although reasonable when
made, subject to greater uncertainty. Undue reliance should not be placed on
forward-looking information as actual results may differ materially from those
expressed or implied by forward-looking information.
Events or circumstances may cause actual results to differ materially from those
predicted as a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company, including,
without limitation: the following risk factors: additional funding requirements;
exploration, development, and production risks; volatility in the oil and gas
industry; prices, markets, and marketing of crude oil and natural gas; liquidity
and the Company's substantial capital requirements; political uncertainty;
non-government organizations; changing investor sentiment; global financial
market volatility; adverse economic conditions; alternatives to and changing
demand for petroleum products; environmental risks; regulatory risks; inability
of management to execute its business plan; competition from other issuers;
expiration of licenses and leases; Indigenous claims; possible failure to
realize anticipated benefits of acquisitions; and reputational risks.
Additional information regarding some of these risks, expectations or
assumptions and other risk factors may be found in the Company's Annual
Information Form for the year ended December 31, 2025, and other documents
available on the Company's profile at www.sedarplus.ca. Readers are cautioned
not to place undue reliance on these forward looking statements. The
forward-looking statements contained in this news release are made as of the
date hereof and Questerre undertakes no obligation to update publicly or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws.
icly or revise\
any forward-looking statements\, whether as a result of new information\, future\
events or otherwise\, unless so required by applicable securities laws.\