Guys,

Here is the last official statement from the company and before we go off and speculate anything I would wait for the comapany to make an official statement that would change the timeline on the fracing schedule.

Calgary, Alberta -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today that production testing has begun on the St. Edouard No. 1A horizontal well in the St. Lawrence Lowlands, Quebec.

St. Edouard is the first horizontal well to target the middle Utica interval. The well was recently successfully completed with 8-stage fracture stimulations in the 1000m long horizontal section. During the completion, micro-seismic monitoring was conducted using the adjacent vertical well, St. Edouard No. 1, to assess effectiveness of the fracs. Initial cleanup and flowback is underway with preliminary results expected near the end of February.

Questerre also reported that drilling operations have been completed on the second horizontal, Gentilly No. 2 in the Lowlands earlier this month. The well was drilled and cased to a measured depth of 2693m including an approximate 700m horizontal lateral.

Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.

For further information, please contact:

Questerre Energy Corporation

Anela Dido, Investor Relations

(403) 777-1185 | (403) 777-1578 (FAX) |Email: info@questerre.com

BCQEC