Questerre Settles Lawsuit; Consolidates Quebec Position

Questerre Energy Corp. reported on June 4 that it has executed a letter of intent (LOI) with a senior E&P company to settle outstanding litigation and acquire all their assets in the St. Lawrence Lowlands, Quebec.

Pursuant to the LOI, Questerre will acquire the exploration rights to 753,000 net acres in the Lowlands, associated wells and equipment, geological and geophysical data and other miscellaneous assets.