Questerre Reports on Completed Drilling Ops in St. Lawrence Lowlands

Questerre announced today that drilling operations have been successfully completed on the St. Edouard #1 well in the St. Lawrence Lowlands, Quebec.

Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We are encouraged by the potential for a TBR success in this well. The naturally fractured and overpressured shale intervals in St. Edouard also look very promising based on logs and gas shows. Despite challenging drilling conditions, we were very pleased that the operator completed this well on schedule."

The operator reported the well was drilled to a total depth of 2583m. Based on an analysis of open-hole logs and drill cuttings combined with strong gas shows, Questerre and the operator are planning to carry out an open-hole test of the Trenton Black-River interval after spring break up. Several prospective intervals in the Utica and Lorraine have also been identified and testing of these zones is likely to commence this summer contingent upon equipment availability.

St. Edouard #1 is the final well in the four-well earning program with the operator.