Translated from the following Norwegian link: http://www.hegnar.no/bors/article412062.ece

-Article by: Sverre Rørvik Nilsen (Hugin Online - 02.3.10 12:05)

During the past week the Oslo Stock Exchange has experienced a flashback to 2008. The stock on everyone's lips is again Questerre. It's all about rock, shale gas and a potential ten times the current share price.

The main index on the Oslo Stock Exchange is at lunchtime down 0.33 percent to 358.75 points, after yesterday's mini-rally. There are only traded securities of 1.4 billion so far, and strengthen the relationship between the shares that rise and fall in value is 5 to 6

Statoil fell 0.66 percent to 134.40 crowns, while a barrel of North Sea oil with delivery in April traded at $ 77.06, up 0.22 per cent in current trading.

These are today's winners and losers

Questerre - the stock market favorite
Questerre has managed to attract a rare trinity on the stock exchange, analysts, traders and long-term investors. Today the stock rose 4.7 percent to 26.30 kroner after it became clear that the company has raised capital in a private placement.

Questerre Energy Corp announced on Tuesday morning that they have now completed a private placement of 30 million shares.

The placement was made at a price of 24.50 dollars, and was oversubscribed twice.

- It's great that brokerages think it was very exciting to take a placement in the market yesterday, which was constructive positive for the development of Quebec field, "said Chairman Peder Paus in a note to the OBI Online.

So far this year Questerre has risen 62.73 percent. Most of the rise came last week after Questerre reported that they have a stabilized initial production rate of six million cubic feet per day in the horizontal test well, St. Edouard No. 1A St. Lawrance Lowlands, Quebec in Canada.

Analysts stood in line to pay tribute to the stock, when Hugin Online interviewed them last week.

- The results are significantly above market expectations, "said Trond Omdal at Arctic Securities.

- The results are way above our and the markets expectations, "said Theodore Nilsen in Argo Securities.

- One can easily assign a value around 200 per share, said Bjørgan from ABG Sundal Collier.