Core Viewpoint - Questerre Energy Corporation reported significant increases in production and revenue for the second quarter of 2025, driven by the tie-in of new wells, despite facing challenges from lower realized prices and higher expenses [2][4][5]. Production and Operations - Average daily production reached 3,091 barrels of oil equivalent per day (boe/d) for the quarter, nearly doubling from 1,559 boe/d in the same period last year [3][9]. - The company is assessing processing capacity for current and future production volumes and has scheduled a follow-up drilling program for the second half of next year [2]. Financial Performance - Petroleum and natural gas sales for the quarter totaled $13.7 million, up from $8.8 million in 2024, contributing to adjusted funds flow from operations of $5 million, compared to $4.5 million in the previous year [4][16]. - Net cash from operating activities was $6.3 million for the quarter, an increase from $3.1 million in 2024 [5][16]. Legal and Regulatory Developments - The company filed an application for leave to appeal a decision by the Quebec Court of Appeal regarding Bill 21, which is significant for protecting shareholders' rights [2][9]. Capital Expenditures and Financial Position - Capital expenditures for the quarter were $1 million, a decrease from $7 million in 2024, while year-to-date capital expenditures totaled $18.9 million compared to $9.7 million in the previous year [5]. - As of June 30, 2025, the company held unrestricted cash and term deposits of $18.3 million and had a net working capital surplus of $13.2 million [6][17].