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2025-11-12 06:00 Kvartalsrapport 2025-Q3
2025-08-06 06:00 Kvartalsrapport 2025-Q2
2025-06-18 N/A Årsstämma
2025-05-14 06:00 Kvartalsrapport 2025-Q1
2025-03-22 23:00 Bokslutskommuniké 2024
2024-11-13 - Kvartalsrapport 2024-Q3
2024-08-08 - Kvartalsrapport 2024-Q2
2024-06-19 - X-dag ordinarie utdelning QEC 0.00 NOK
2024-06-18 - Årsstämma
2024-05-10 - Kvartalsrapport 2024-Q1
2024-03-26 - Bokslutskommuniké 2023
2023-11-09 - Kvartalsrapport 2023-Q3
2023-08-10 - Kvartalsrapport 2023-Q2
2023-06-22 - X-dag ordinarie utdelning QEC 0.00 NOK
2023-06-21 - Årsstämma
2023-05-30 - Kvartalsrapport 2023-Q1
2023-03-23 - Bokslutskommuniké 2022
2022-11-10 - Kvartalsrapport 2022-Q3
2022-08-10 - Kvartalsrapport 2022-Q2
2022-06-16 - X-dag ordinarie utdelning QEC 0.00 NOK
2022-06-15 - Årsstämma
2022-05-11 - Kvartalsrapport 2022-Q1
2022-03-24 - Bokslutskommuniké 2021
2021-11-10 - Kvartalsrapport 2021-Q3
2021-08-11 - Kvartalsrapport 2021-Q2
2021-06-09 - X-dag ordinarie utdelning QEC 0.00 NOK
2021-06-08 - Årsstämma
2021-05-12 - Kvartalsrapport 2021-Q1
2021-03-19 - Bokslutskommuniké 2020
2020-11-11 - Kvartalsrapport 2020-Q3
2020-08-11 - Kvartalsrapport 2020-Q2
2020-06-10 - X-dag ordinarie utdelning QEC 0.00 NOK
2020-06-09 - Årsstämma
2020-05-12 - Kvartalsrapport 2020-Q1
2020-03-20 - Bokslutskommuniké 2019
2019-11-13 - Kvartalsrapport 2019-Q3
2019-08-09 - Kvartalsrapport 2019-Q2
2019-06-19 - X-dag ordinarie utdelning QEC 0.00 NOK
2019-06-18 - Årsstämma
2019-05-10 - Kvartalsrapport 2019-Q1
2019-03-28 - Bokslutskommuniké 2018
2018-11-09 - Kvartalsrapport 2018-Q3
2018-08-10 - Kvartalsrapport 2018-Q2
2018-06-07 - X-dag ordinarie utdelning QEC 0.00 NOK
2018-06-06 - Årsstämma
2018-05-11 - Kvartalsrapport 2018-Q1
2018-03-30 - Bokslutskommuniké 2017
2017-11-10 - Kvartalsrapport 2017-Q3
2017-08-11 - Kvartalsrapport 2017-Q2
2017-06-21 - X-dag ordinarie utdelning QEC 0.00 NOK
2017-06-20 - Årsstämma
2017-05-12 - Kvartalsrapport 2017-Q1
2017-02-28 - Bokslutskommuniké 2016
2016-11-15 - Kvartalsrapport 2016-Q3
2016-08-15 - Kvartalsrapport 2016-Q2
2016-06-08 - X-dag ordinarie utdelning QEC 0.00 NOK
2016-06-07 - Årsstämma
2016-05-13 - Kvartalsrapport 2016-Q1
2016-02-29 - Bokslutskommuniké 2015
2015-11-12 - Kvartalsrapport 2015-Q3
2015-08-14 - Kvartalsrapport 2015-Q2
2015-06-10 - X-dag ordinarie utdelning QEC 0.00 NOK
2015-06-09 - Årsstämma
2015-05-15 - Kvartalsrapport 2015-Q1
2014-11-14 - Kvartalsrapport 2014-Q3
2014-08-15 - Kvartalsrapport 2014-Q2
2014-06-11 - Årsstämma
2014-05-15 - Kvartalsrapport 2014-Q1
2014-03-28 - Bokslutskommuniké 2013
2013-11-14 - Kvartalsrapport 2013-Q3
2013-08-14 - Kvartalsrapport 2013-Q2
2013-06-11 - Årsstämma
2013-05-14 - Kvartalsrapport 2013-Q1
2013-03-29 - Bokslutskommuniké 2012
2012-11-14 - Kvartalsrapport 2012-Q3
2012-08-14 - Kvartalsrapport 2012-Q2
2012-06-18 - Årsstämma
2012-05-11 - Kvartalsrapport 2012-Q1
2012-02-24 - Bokslutskommuniké 2011
2011-11-11 - Kvartalsrapport 2011-Q3
2011-08-12 - Kvartalsrapport 2011-Q2
2011-06-08 - Årsstämma
2011-05-13 - Kvartalsrapport 2011-Q1
2011-03-25 - Bokslutskommuniké 2010
2010-11-12 - Kvartalsrapport 2010-Q3
2010-08-13 - Kvartalsrapport 2010-Q2
2010-06-21 - Årsstämma
2010-05-17 - Kvartalsrapport 2010-Q1
2010-03-29 - Bokslutskommuniké 2009
2009-11-13 - Kvartalsrapport 2009-Q3
2009-08-14 - Kvartalsrapport 2009-Q2
2009-06-09 - Årsstämma
2009-05-15 - Kvartalsrapport 2009-Q1
2009-05-08 - Bokslutskommuniké 2008
2008-11-13 - Kvartalsrapport 2008-Q3
2008-08-13 - Kvartalsrapport 2008-Q2
2008-05-14 - Kvartalsrapport 2008-Q1

Beskrivning

LandKanada
ListaOB Match
SektorRåvaror
IndustriOlja & gas
Questerre Energy är ett kanadensiskt olje- och gasbolag. Bolaget exploaterar och producerar ett flertal olika oljor, inkluderat lättolja och skifferolja. Bolaget är verksamma i hela processen, från prospektering till produktion. Utöver produceras även skiffergas. Bolaget innehar verksamhet främst i Nordamerika. Bolaget grundades 2000 och har sitt huvudkontor i Calgary, Kanada.
2024-08-09 06:00:00
President's Message

As we advance our high-impact projects, we are growing our conventional assets.

Three (0.75 net) wells were completed at Kakwa Central this quarter and should
be on production late August. A new completion design and improved water
handling lowered costs by 20% over last year to about $14 million per well.
Using a similar approach, the operator at Kakwa North plans to drill three (1.5
net) wells this fall. We will review the final programs to assess our
participation. If successful, these wells could materially grow our production
next year.

Our carbon storage pilot application in Quebec is well advanced. A program to
find government funding for this project is underway. In what could be a
positive development, the Government of Quebec tabled Bill 69 on the responsible
governance of energy resources in response to the impending electric energy
shortfall. It requires an integrated plan for managing both electricity and
natural gas supply in the province. The added natural gas supply requirement
appears very positive and demonstrates a recognition of the long-term need for
natural gas supply in Quebec.

The Government of Quebec enacted Bill 21 shortly before the last election. Yet
just under two years later, the energy situation has renewed interest in natural
gas. At a Montreal Board of Trade event this May, the Minister of Economy,
Innovation and Energy was clear that hydroelectricity alone will not decarbonize
the province and noted the need for other energy sources including natural gas
and nuclear. On the subject of natural gas, he added, "We currently consume, in
Quebec, the equivalent of 7,000 megawatts of natural gas. To think that there
will be no more natural gas tomorrow morning, that will not happen." This
follows comments earlier this year where he noted that, while natural gas has
environmental concerns, Quebec has large resources of natural gas.

Our application for a carbon storage pilot seeks to address these concerns,
largely related to emissions. In the bigger picture, carbon storage can be
integral to the province meeting its climate targets and helping us advance our
plans for a low-emissions industrial park. Our next step is to assess available
federal and provincial funding programs with the goal of securing approval for
our pilot later this year.

In tandem with pursuing a business and political solution, we continue to
protect our legal position. Examination of Government representatives will be
scheduled this year before setting a trial date for the hearing on the merits of
our case. Our next court hearing is scheduled for October to hear the appeal by
the Attorney General of the Superior Court's ruling on suspending key elements
of Bill 21.

Another goal for this year is to help our investee, Red Leaf, find a partner to
fund a field demonstration project for their technology to produce oil from
shale. A leading prospect is a group of Jordanian companies that are in the
steel fabrication business.

The design for this project will be based on a new lab pilot. This lab pilot
will produce about two barrels of oil per day on a batch basis and demonstrate
the technology design in a small scale operation. Red Leaf is also building a
prototype to assess how their core technology can be applied to the much larger
market for industrial heat applications.

Operating & Financial

Natural declines contributed to lower production volumes this year compared to
last year when we tied-in one (0.25 net) well. Production averaged 1,559 boe per
day in the second quarter of 2024 compared to 1,978 boe per day in the second
quarter of 2023. Year to date, production was 1,612 boe per day for 2024
compared to 1,884 boe per day in the first half of 2023. Based on our reserve
report on a total proved basis, the three new wells are anticipated to add 500
net boe per day over the first year.

Reduced revenue from lower production volumes partly offset by a crown royalty
credit contributed to adjusted funds flow from operations of $4.5 million for
the quarter and $7.4 million for the first half of the year. Net of capital
spent to drill and complete the three (0.75 net) wells, our working capital
surplus reduced from $30 million last quarter to $27.6 million.

Outlook

We are looking forward to the new wells at Kakwa North. This area accounts for
over three quarters of our proved and probable reserves as of last year end. The
cash we built up over the last two years will fund the program this year and
retain our financial flexibility to fund future programs. Another three to five
well program could follow in 2025 based on this year's wells.

Significant financial assistance from the provincial and federal government will
be necessary to advance our pilot project in Quebec. It presents a real-world
and cost-effective opportunity to prove the province's carbon storage potential
and how natural gas, including our discovery, could be a permanent part of their
energy supply.

Michael Binnion
President and Chief Executive Officer