Translated from the following link: www.stocklink.no/Article.aspx?id=100093

By: Karsten Olav Coldevin - StockLink.no

Published: 25/01/2013 6:34:29

Exactly what the company posesses has not quite dawned on the market, says chairman.

Michael Binnion, chief of Questerre Energy. (KC / Stock Link Imarket)

The issue was first published in Imarket Xpress.

- We plan to double our production in the Montney in 2013, said Michael Binnion, chief of Questerre Energy, when he spoke with Imarket Xpress in a lengthy interview.

The Questerre boss, eager to emphasize the potential of the Montney and pointed to other companies that he believes are now "all-in" ​​in this area.

- Given the expectations you have for potential, shouldn't the share price have reacted more?

Questerre-Chairman Peder Paus doesn't think the market fully understands that the company may be sitting on reserves of 200 million barrels or more in area. Paus is now waiting for the results from nearby wells that will be published in about a year, which may reduce the risk associated with Questerre own resources.

The opportunities in Montney is welcome news for the company that was penalized on the stock exchange in 2012 following a moratorium on shale gas and the considerable St. Lawrence field in Quebec.

- What we now have in the Montney could be as large as the one we have in Quebec, emphasizes Binnion, but investors still seem to think that Montley only a small project akin to Antler.

He does not deny that Questerre has a job to do to prove the potential of the Montney and reminds us that the company drilled 15 wells in Quebec, but it has not progressed beyond the preliminary four wells in the Montney.