/THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR
DISTRIBUTION IN THE UNITED STATES OF
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CALGARY, Dec. 12, 2016 /CNW/ - Questerre Energy
Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) reported
that the National Assembly in Quebec has passed as law Bill 106, An Act
to implement the 2030 Energy Policy and amend various legislative
provisions. These amendments include the enactment of the
Petroleum Resources Act that will govern the development of
petroleum resources in Quebec.
Michael Binnion, President and
Chief Executive Officer of Questerre, commented, "This new law is a
milestone for Quebec. Following
our Utica discovery, Questerre and
others lobbied the government for a modern law to develop oil and
gas. After more than six years of environmental studies and public
consultations, we are pleased with this important step
forward."
He added, "This new law lays the groundwork for the introduction
of the associated regulations in early 2017. It will also allow us
to accelerate the work to secure our social license to operate in
the Lowlands."
For more information on Bill 106, please visit
http://www.assnat.qc.ca/en/travaux-parlementaires/projets-loi/projet-loi-106-41-1.html.
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 introduction of the associated
regulations in early 2017 and accelerating its work to secure its
social license to operate in the Lowlands.
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