Translated from the following link: http://www.hegnar.no/bors/article431909.ece
Article by: Siri Knutsen (Reuters - 14/06/1910 10:57)


Pareto Securities recommends buying Questerre "before the upcoming news feed", and the brokerage writes in an update that it expects the sp will rise to 30 kroner (4.83 CAD) in the medium term and up to 60 kroner (9.66 CAD) over the next twelve months, according to TDN Finans.

Pareto expect Questerre will announce the test results over the next six to eight weeks and that this will likely lead to a de-risking of the company's Utica shale-gas assets.

- Questerre will increasingly become a takeover candidate because several well results will be available .(..) We anticipate positive test results and in this case a larger portion of the value potential should be reflected in the share price, writes Pareto in the update.

The brokerage expect test results from three wells in late July / early August, and believe that the current pricing of the company indicates a price of $ 1,200 per acre, where their rate target of 60 million implies a pricing of $ 4,400 per acre.

Questerre rises Monday 5.58 percent to 20.80 kroner