This investment company is vivacious for energy businesses. Terrenex is a investment shell company that emphasizes investments in land and energy. It owns stakes in a wide array of companies including Questerre Energy Corporation, CanArgo Energy Corporation, Huntington Exploration., Smartor Products Inc., Bandon Capital Inc., Latin America Minerals, and Unilink Telecom. In 2007, the former Terrenex Acquisition Corporation reorganized to facilitate the payment of $6 million in taxes and liabilities following a 2005 corporate reorganization; shares were exchanged on an equal basis for shares in the successor company. Terrenex has agreed to be acquired by Questerre, which it holds a 15% stake in.

Questerre Energy Corp. (TSX: QEC) agreed to acquire Terrenex Ltd. for CAD 7.47 million.02/22/2008Questerre Energy Corp. (TSX: QEC) agreed to acquire Terrenex Ltd. for CAD 7.47 million in stock on February 22, 2008. Questerre Energy will issue 15.89 million Questerre Energy common shares and also assume CAD 0.5 million in net debt. The net debt component will be paid through a non-refundable deposit on the transaction. All the independent Directors of Questerre have approved the acquisition. Also the independent Director of Terrenex has approved the terms of the agreement. The closing of the transaction is subject to receipt of all regulatory approvals, Terrenex shareholder approval and is expected to close no later than April 30, 2008.