Questerre Energy Corp 2022 AR2
The report highlights Questerre Energy Corporation's financial and operational performance for the fiscal year 2022. The company achieved a strong financial position with a working capital surplus of close to $25 million and an unutilized credit facility of $16 million. Operationally, average daily production increased by 15% to 1,714 boe/d, supported by the conversion of royalty interest to a working interest at Kakwa North. Despite challenges in Quebec with the enactment of Bill 21 revoking exploration licenses, the company is actively pursuing legal remedies and engaging with stakeholders on its Clean Gas and hydrogen solutions. Additionally, Questerre continues to support its investee, Red Leaf Resources, in advancing its wax processing project and proprietary oil shale technology with carbon capture.
Company: Questerre Energy Corp
Sector: Energy
Country: Canada
Year: 2022
Type: AR2
Pages: 75
Questerre Energy Corp
Annual Report
The report highlights Questerre Energy Corporation's financial and operational performance for the fiscal year 2022. The company achieved a strong financial position with a working capital surplus of close to $25 million and an unutilized credit facility of $16 million. Operationally, average daily production increased by 15% to 1,714 boe/d, supported by the conversion of royalty interest to a working interest at Kakwa North. Despite challenges in Quebec with the enactment of Bill 21 revoking exploration licenses, the company is actively pursuing legal remedies and engaging with stakeholders on its Clean Gas and hydrogen solutions. Additionally, Questerre continues to support its investee, Red Leaf Resources, in advancing its wax processing project and proprietary oil shale technology with carbon capture.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
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