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An update from Questerre ( (TSE:QEC) ) is now available.
Questerre Energy Corporation reported its financial and operating results for the first quarter of 2025, highlighting the completion of three wells at Kakwa North, which increased daily production to over 3,500 boe per day. The company plans to participate in a follow-up well program and emphasizes the importance of energy security and market diversification in Canada, particularly in Quebec. The company is also involved in legal proceedings to protect shareholder rights. Financially, Questerre saw a slight increase in production volumes and cash flow from operations, with capital expenditures significantly rising to $17.9 million, resulting in a working capital surplus of $9.2 million.
More about Questerre
Questerre Energy Corporation is an energy technology and innovation company focused on leveraging expertise in low permeability reservoirs to acquire high-quality resources. The company aims to transition its energy portfolio with clean technologies and innovations to responsibly produce and use energy, balancing economic, environmental, and societal factors.
Average Trading Volume: 24,875
Technical Sentiment Signal: Sell
Current Market Cap: C$98.56M
For an in-depth examination of QEC stock, go to TipRanks’ Stock Analysis page.