Not sure if this kinda information is of use of you Canadians, but here goes.

Another norwegian equity fund has invested in QEC.

Link leading to Skagenfondene's May-report (in norwegian unfortunally, if I find one in english I'll change link).

On page 21 in the report, they write about their Growth Fund (I hope I don't step on any toes if I specify this being the type of fund that invests in stocks with potential of rapid growth, captial over income).

I'll do my best to translate the relevant part, but as you probably have noticed, my english ain't what it used to be :/

We also took part of the SMO in the Canadian shalegascompany Questerre Energy, and so it entered as a new company in our portfolio. The largest part of their assets are in the Quebec-region, were they own the most promising parts of the shaleplay Utica. Preelliminary drilling done toghether with the partner Talisman Oil have been positive, wich have decreased the projects risk.".