Brief: Questerre Q4 net loss $56 million

Questerre Energy (Canada)

01/03/2016 05:21

March 1 (Reuters) - Questerre Energy  QEC.OL  QEC.TO  
    * q4 net loss $56 million versus loss $39.1 million year 
ago 
    * booked q4 asset impairment $48.3 million versus 
impairment $47 million year ago 
    * Says subject to results and commodity prices, we plan to 
selectively drill additional wells on our joint venture acreage 
this year. 
    * Says total proved plus probable end-2015 reserves were 
12.91 mmboe versus 13.89 mmboe end-2014 
    * Corporate total proved plus probable reserves at December 
31, 2015 were 12.91 MMboe with a before income tax NPV-10 of 
$119.34 million. The majority of these reserves, or 11.16 MMboe 
with a before income tax NPV-10 of $77.64 million, are for our 
Montney assets. This compares to corporate reserves of 13.89 
MMboe with a before income tax NPV-10 of $231.63 million as at 
December 31, 2014 and reserves for the Montney assets of 11.92 
MMboe with a before income tax NPV-10 of $175.42 million. 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nObiPQ90na urn:newsml:reuters.com:*:nObiq4FDma 
Further company coverage:  QEC.OL  QEC.TO  
 
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