Marketwire
QUESTERRE ENERGY CORPORATION
July 17, 2008 - 12:15:08 AM
Questerre Energy Corporation: Shale Gas Well Spuds on Yamaska Permits
CALGARY, ALBERTA--(Marketwire - July 17, 2008) - 
NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Questerre Energy Corporation ("Questerre" or the "Company")
(TSX:QEC)(OSLO:OSE) announced today that the operator has commenced work on
the first horizontal well on the Yamaska permits in the St. Lawrence Lowlands,
Quebec.
The operations involve re-entering the existing St. Louis de Richelieu well
and drilling a horizontal leg. This well was drilled last summer with Gastem
Inc. as operator targeting the Utica shale horizon. Subject to the final
drilling results, the well will be fracture stimulated and tested.
Questerre is a Calgary-based independent resource company actively engaged in
the exploration, development and acquisition of high-impact exploration and
development oil and gas projects in Canada.
This news release contains forward-looking information. Implicit in this
information are assumptions regarding commodity pricing, production, royalties
and expenses, that, although considered reasonable by the Company at the time
of preparation, may prove to be incorrect. These forward-looking statements
are based on certain assumptions that involve a number of risks and
uncertainties and are not guarantees of future performance. Actual results
could differ materially as a result of changes in the Company's plans,
commodity prices, equipment availability, general economic, market, regulatory
and business conditions as well as production, development and operating
performance and other risks associated with oil and gas operations. There is
no guarantee made by the Company that the actual results achieved will be the
same as those forecasted herein.
Barrel of oil equivalent ("boe") amounts may be misleading, particularly if
used in isolation. A boe conversion ratio has been calculated using a
conversion rate of six thousand cubic feet of natural gas to one barrel and is
based on an energy equivalent conversion method application at the burner tip
and does not necessarily represent an economic value equivalent at the
wellhead.
This news release does not constitute an offer of securities for sale in the
United States. These securities may not be offered or sold in the United
States absent registration or an available exemption from registration under
the United States Securities Act of 1933, as amended. 

FOR FURTHER INFORMATION PLEASE CONTACT:
 Questerre Energy Corporation Jason D'Silva VP Finance (403) 777-1185 (403)
777-1578 (FAX) Email: info@questerre.com Website: www.questerre.com