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Message: Upgraded recommendation from ASC

Translated from the following link: http://www.hegnar.no/analyser/aksjetips/article620300.ece

ABG Sundal Collier reports Tuesday that it has upgraded its recommendation on Questerre. The previous 'sell' recommendation has been substituted by a 'hold' recommendation.

The target price is set at 1.1 Canadian dollars - 6.09 NOK. The stock is currently up 1.59 percent to 4.97 NOK. The upside is therefore calculated to be around 20 percent.

- Future focus is on the performance of oil interests in Antler, Canada. Although the development of the company's shale gas assets has largely stalled, we think most of the downside is priced into the stock and upgrade therefore to 'hold', states the update on Tuesday, according to TDN Finans.

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