/THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR
DISTRIBUTION IN THE UNITED STATES OF
AMERICA TO UNITED
STATES NEWSWIRE SERVICES OR UNITED
STATES PERSONS/
CALGARY, Dec. 8, 2016 /CNW/ - Questerre Energy Corporation
("Questerre" or the "Company") (TSX,OSE:QEC) at the request of
IIROC Market Surveillance and on behalf of the Toronto Stock
Exchange, issued a statement that the Company is not aware of any
undisclosed material development that would cause today's movement
in the Company's share price.
The Company notes that the National Assembly in Quebec is scheduled to vote on Bill 106, An
Act to implement the 2030 Energy Policy and amend various
legislative provisions on December 9,
2016. These amendments include the enactment of the
Petroleum Resources Act that will govern the development of
petroleum and natural gas resources in Quebec.
Questerre Energy Corporation is leveraging its expertise gained
through early exposure to shale and other non-conventional
reservoirs. The Company has base production and reserves in the
tight oil Bakken/Torquay of
southeast Saskatchewan. It is bringing on production from its
lands in the heart of the high-liquids Montney shale fairway. It is a leader on
social license to operate issues for its Utica shale gas discovery in the St. Lawrence
Lowlands, Quebec. It is pursuing
oil shale projects with the aim of commercially developing these
massive resources.
Questerre is a believer that the future success of the oil and
gas 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.
Advisory Regarding Forward-Looking Statements
This media release contains certain statements which constitute
forward-looking statements or information ("forward-looking
statements") including the vote by the Quebec National Assembly on
Bill 106.
Although Questerre believes that the expectations reflected in
our forward-looking statements are reasonable, our forward-looking
statements have been based on factors and assumptions concerning
future events which may prove to be inaccurate. Those factors and
assumptions are based upon currently available information to
Questerre. Such statements are subject to known and unknown
risks, uncertainties and other factors that could influence actual
results or events and cause actual results or events to differ
materially from those stated, anticipated or implied in the
forward-looking statements. As such, readers are cautioned not
to place undue reliance on the forward looking information, as no
assurance can be provided as to future results, levels of activity
or achievements. The risks, uncertainties, material
assumptions and other factors that could affect actual results are
discussed in our Annual Information Form and other documents
available at www.sedar.com. Furthermore, the forward-looking
statements contained in this document are made as of the date of
this document and, except as required by applicable law, Questerre
does not undertake any obligation to publicly update or to revise
any of the included forward-looking statements, whether as a result
of new information, future events or otherwise. The
forward-looking statements contained in this document are expressly
qualified by this cautionary statement.
SOURCE Questerre Energy Corporation