Stocks in play: Questerre Energy Corporation

Reported today on the results of the technical and economic feasibility study for its oil shale project in Jordan. The design basis for the study is an initial project capable of sustaining production of 50,000 bbl/d. The study estimates capital costs, including a 20% contingency, of $18 to $20 U.S. per barrel and operating costs of approximately $18 U.S. per barrel. While these costs are very early stage, our project could be very competitive with other large energy projects. Questerre Energy Corporation shares T.QEC are trading up $0.05 at $0.56.