Stocks in play: Questerre Energy Corporation

Reported on the status of legal proceedings related to its assets in Quebec. Pursuant to a Letter of Intent with a senior exploration and production company to acquire their Quebec assets (the “LOI”), as reported on June 4, on closing of the transaction, both parties will release each other from all claims related to the outstanding litigation. In the interim, the parties anticipate entering into a standstill agreement to postpone all actions and toll any other litigation to allow for closing of the transaction. In preparation for trial, the Company recently obtained an independent assessment of its damages that are estimated to range between $49.7 million and $243 million. Questerre Energy Corporation shares T.QEC are trading up $0.10 at $0.98.