Questerre Energy Corporation

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Questerre Energy Corporation (TSX:QEC) (OSLO:QEC) is a Calgary, Alberta-based independent exploration company which is participating in a farm-in agreement with Talisman Energy Inc., the well operators, to drill three wells in the St. Lawrence lowlands, Quebec, Canada. The wells will test multiple horizons including the Trenton-Black River and the Utica and Lorraine shale formations. As of September 2008, it is reported that the first of these three wells has been spudded.

Questerre and Talisman's land sits squarely in the middle of the St. Lawrence Lowlands situated between Logan’s Line and the Yamaska growth fault and extends from Quebec City south to a point beyond Lac Saint Pierre.

According to a November, 2008 report, Questerre is participating in a joint venture Utica Shale drilling program on the Yamaska property which consists of 112,000 acres in the Province of Quebec. So far two horizontal wells have been drilled, and a pilot program of horizontal drilling is planned for 2009. Candian Forest Oil and Gastem are the joint venture partners. Questerre owns a 20% working interest as does Gastem, and Canadian Forest Oil owns the balance of 60% and is the development operator.

In December, 2008 the company reported that it had completed drilling the La Visitation #1 well in the St. Lawrence Lowlands, Quebec. and the well was being cased for shale gas testing.

Michael Binnion is President and CEO of Questerre.