Core Viewpoint - Questerre Energy Corporation is focused on completing the acquisition of Parana Xisto SA to enhance its oil shale strategy and improve financial flexibility [1][3]. Group 1: Acquisition Details - The acquisition involves purchasing shares of Parana Xisto SA, a privately held oil shale production and refining company in Brazil [1]. - The acquisition is subject to due diligence, board approval, regulatory approvals from the Toronto Stock Exchange and Oslo Stock Exchange, and third-party approvals [3]. Group 2: Financial Considerations - Financial due diligence has revealed a greater need for both short-term and long-term liquidity since the announcement of the acquisition [2]. - The company is working with financial advisors to arrange a comprehensive agreement with bondholders to ensure recovery of their principal [2]. Group 3: Strategic Importance - The acquisition is seen as strategically valuable for advancing the company's oil shale strategy and expanding its distribution business through refining licenses [3]. - The company remains committed to collaborating with stakeholders to restore financial flexibility and realize the potential of the acquisition [3]. Group 4: Company Overview - Questerre Energy Corporation is based in Calgary and focuses on the responsible development of oil and gas resources across the Americas, integrating advanced technologies with a disciplined capital strategy [4].