DnB NOR Markets updated yesterday his analysis of Questerre. Brokerage sees a significant price drift trigger in the future. Lodged the end of the third quarter of the test results from the three horizontal wells will be published.

- As the Utica project is still in early stages, all the data can have potentially great impact on the estimates, writes analyst Espen Hennie in DnB NOR Markets in the report.

DnB NOR Markets said Questerre after issue has assets in 2012, but points out a "risk" in relation to a possible faster development as a result of the positive test results.

Brokerage is maintaining its buy recommendation on Questerre and raises price target to 42 kroner from 40 kroner.

Emission
Questerre Energy Corp.. announced Tuesday morning that they have now completed a private placement of 30 million shares. The placement was made at a price of 24.50 NOK, and was oversubscribed twice.

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

Gross proceeds are estimated to NOK 735 million.

The stock is up 66 percent so far this year.