Questerre Energy Corp 2021 AR2
The report highlights Questerre Energy Corporation's activities and financial results for 2021, focusing on its transition to clean technologies and its Clean Tech Energy project in Quebec. Despite the Government of Quebec's decision to introduce legislation to end petroleum exploration and revoke licenses, the company remains committed to its net-zero emissions gas project and is seeking just compensation. Financially, Questerre benefited from stronger commodity prices, generating adjusted funds flow from operations of $14.5 million and reducing its credit facility borrowings to $3.4 million. The company also resumed drilling at Kakwa, participating in three wells, and continued to advance its oil shale project in Jordan and its investment in Red Leaf Resources.
Company: Questerre Energy Corp
Sector: Energy
Country: Canada
Year: 2021
Type: AR2
Pages: 75
Questerre Energy Corp
Annual Report
The report highlights Questerre Energy Corporation's activities and financial results for 2021, focusing on its transition to clean technologies and its Clean Tech Energy project in Quebec. Despite the Government of Quebec's decision to introduce legislation to end petroleum exploration and revoke licenses, the company remains committed to its net-zero emissions gas project and is seeking just compensation. Financially, Questerre benefited from stronger commodity prices, generating adjusted funds flow from operations of $14.5 million and reducing its credit facility borrowings to $3.4 million. The company also resumed drilling at Kakwa, participating in three wells, and continued to advance its oil shale project in Jordan and its investment in Red Leaf Resources.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
No data available