Translated from the following Norwegian link:

http://www.imarkedet.no/Article.aspx?id=65037

By: Stock Link iMarkedet - Editor - StockLink.no
Published: 09/03/2010 16:27:38


Analysis Manager at Terra Markets (formerly Orion Securities), Stig Myrseth, raises the target price on Questerre.

Questerre presented test results from one of the horizontal wells in the Utica in St. Edouard in the Canadian St. Lawrence Lowlands ready almost three weeks ago. The company CEO expressed delight and great optimism at the results.

- The first horizontal the result is simply excellent, "commented CEO Michael Binnnion.

Brokers Terra Markets (formerly Orion Securities) were equally impressed and have issued a revised analysis and raised their target price for the stock.

- With an increased probability that the Utica project can be successful, we have raised our six-month target for Questerre. The brokers currently have a 'buy' reccomendation and a target price of 33 NOK (5.72 CAD).