Questerre updates developments in Quebec

Core Viewpoint - Questerre Energy Corporation emphasizes the importance of local natural gas development in Quebec for enhancing energy security amid evolving geopolitical and economic conditions [2]. Group 1: Company Developments - Questerre has completed a corporate reorganization, with economic rights to Quebec assets now held by Series 2 Preferred shareholders [1]. - The company is committed to developing its natural gas discovery in the Québec Utica, recognized as a significant undeveloped resource in Eastern Canada [3][4]. - Questerre is working cooperatively with the Government of Quebec to meet obligations under Bill 21, including demonstrating $11 million in liquidity for future well abandonments [2]. Group 2: Environmental Considerations - A peer-reviewed environmental study by CIRAIG highlights the significant environmental benefits of local gas development [2]. - The Government of Quebec's Strategic Environmental Assessment indicates that net environmental impacts from local gas development are manageable [2]. Group 3: Strategic Goals - The company aims to balance economic, environmental, and societal factors in the energy industry, advocating for public involvement in energy decisions [5]. - Questerre believes that the future of the energy industry relies on clean technologies and innovation to responsibly produce and utilize energy [4].