Brazil joint venture partner receives regulatory approval

Core Viewpoint - Questerre Energy Corporation has received regulatory approval for a joint venture with Nice Capital Holdings Ltda. to develop PX Energy, an oil shale production and refining company in Brazil [1][2]. Group 1: Joint Venture Details - Nice Capital Holdings Ltda. will acquire a 50% interest in the joint venture by purchasing shares of Questerre's special purpose subsidiary and the Brazilian holding company that owns 100% of PX Energy [2]. - The Brazilian Administrative Council for Economic Defense (CADE) issued a final decision approving Nice's participation in the joint venture [2]. Group 2: Company Strategy and Vision - The company aims to leverage its expertise in low permeability reservoirs to acquire high-quality resources and transition its energy portfolio using clean technologies [3]. - Questerre believes that the future success of the oil and gas industry relies on balancing economics, environment, and society, emphasizing transparency and public involvement in energy decisions [4].