Jason svarer godt på hva som blir spurt om.
Har selv vært i kontakt med han pr mail.

Dette er hva som ble svaret sist jeg var i kontakt med han

Thanks for your mail.

Questerre er spennende case



As a shareholder, I am also very unsatisfied with the share price after more than 10 years since our discovery in Quebec. But I still believe in the potential of the Quebec assets and our plan to move this forward, despite the government actions.



We have made a significant investment in the Company assets. We have raised approximately C$350 million in equity capital since we went public on the Oslo Stock Exchange. This entire amount including over C$100 million in cash flow generated from our producing assets or C$450 million in total has been invested in our assets. Where has the money gone? We have created reserves in the Montney and Alberta with a NPV-10% of approx. $220 million. We also made a discovery in Quebec that could be worth several billion dollars.



What is the path forward in Quebec? We believe it is narrow but clear. Quebec wants a new way of developing oil and gas. From the focus on reducing emissions, the rest of the world does too. I think some of this is behind the name change of Statoil to Equinor, the investments by BP into renewables, etc. Some call this ‘green washing’ but the reality in Quebec is we could actually make this happen with our Clean Tech Energy project. By using hydroelectricity (much like operators on the NCS are now doing), we can power drilling rigs, frack equipment and reduce emissions significantly to almost zero.



In addition to the environmental concerns, we must also show how this can benefit the province and local communities. With over 20 Tcf (or 4 billion boe) the development of this project will create thousands of jobs and add over $100 million in GDP annually. Locally, we plan to share 3% of the profits from the project with towns and communities. This combined with our new environmental approach will be key to moving forward in Quebec.



Regarding the lawsuit in Quebec, our preference is to find a way to move forward. The lawsuit is a last resort and only something we will pursue if the government does not demonstrate its willingness to move forward. Since we are working with the government on our clean tech energy plan, we have suspended the lawsuit for now.



Jordan is a very early stage project but high potential. We have made a small investment here and believe the risk reward profile is attractive. In the current stages we are doing a lot of engineering work at relatively low cost to make sure the project has the best returns and can attract the billions of capital needed for development. Why do we believe this project could be developed ?

There is currently a $2 billion oil shale project underway in Jordan that could produce up to 15% of the country’s energy needs (http://www.jordantimes.com/news/local/oil-shale-power-station-generate-15-jordans-electricity-needs-next-may)

Our project has the potential to supply 100% of the country’s oil needs for decades. So while it is risky, it is very early stage, requires very little capital now and has very large upside.



Please do not hesitate to contact me with any further questions or comments.


Jason