Questerre Energy Corporation reported on its financial and operating results for the year ended December 31, 2013.
Michael Binnion, President and Chief Executive Officer, commented, "We had a very good year focused on building our new core area in the Montney. Following our discovery well in mid-2012, we aggressively acquired a land position to give us the scale needed for development. We now hold 59 net sections in a condensate-rich fairway that is being proven up by drilling, both by Questerre and others. This drilling has established economic contingent and prospective resources on about one third of this acreage with a best estimate of 32 million boe and 100 million boe respectively. Condensate and other liquids account for half of these volumes."