MDDEP announces interim regulations for shale gas in Québec
posted on
May 06, 2011 08:09AM
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Calgary, Alberta -- Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) reported today that the Ministry of Sustainable Development, Environment and Parks in Québec ("MDDEP") has announced draft regulations for activities during the strategic environmental assessment of shale gas in the province. Michael Binnion, President and Chief Executive Officer of Questerre, commented, "These new regulations promoting communication and transparency validate our public relations efforts in Québec over the last year. From publishing fact sheets to conducting town hall meetings, we have been a leader in informing the public about our operations well before the BAPE report was published. In principle we are fully supportive of Government's efforts to learn how shale gas can be developed sustainably for the benefit of all stakeholders in Québec." The proposed regulations require operators to inform and consult the public prior to commencing operations. Consistent with the recommendations from the BAPE report, to increase the understanding of shale gas in the province, MDDEP may have representatives participate in observing the drilling and completion operations. Operators will also be required to provide MDDEP with technical information including: ·Drilling and completion methods and technology; ·Water management programs for drilling and completion operations including flowback analysis; ·Proposed completion fluid composition and volumes; and ·Sampling water wells within a one kilometer radius of the proposed operations. The press release from MDDEP can be found online: http://www.mddep.gouv.qc.ca/infuseur/communique.asp? no=1855. In conjunction with its partners and the Québec Oil and Gas Association, Questerre will evaluate the detailed regulations when published to determine its potential impact. Questerre Energy Corporation is an independent energy company focused on shale projects. The Company is leveraging its expertise to commercialize projects like its Utica shale gas discovery in the St. Lawrence Lowlands, Québec. Questerre is committed to the economic development of its resources in an environmentally conscious and socially responsible manner. For further information, please contact: Questerre Energy Corporation Anela Dido, Investor Relations (403) 777-1185 / (403) 777-1578 (FAX) /Email: info@questerre.com