Trade Wizard,

it seems that your statuition is not correct.

1. the QEC Boarders options,missued in 2005, were to expire; they have choose the best moment to do it; AFTER OUR PP! so our Company had the best gain!

2. only a part of new shres, originate by stock options, have been sold!

3. all Insiders have rose up their number of SHARES (not options) owned;

4. no other stock optionscan be redeemed w the next 5 years. Life-

What happened tonight was that the company sold 3.3 million stock options that the board and management had. I had 800,000 stock options, and I participated in position with sales of 350,000 stock options. So I bought 250,000 shares for the option price and thus increased my ownership in Questerre. Altogether, I have increased my shareholding in Questerre from 5.3 million to 5.5 million shares, "said Paus to Hugin Online.

In total, Paus spent 1.2 million NOK for the shares of Questerre. CEO Michael Binnon increased his holdings by 240,000 shares, while CFO Jason D'Silva increased by 100,000 shares.

Please, read what Dr. Who has posted today (excerpt):