Questerre shares rise 14 pct in Oslo trade

Questerre Energy (Canada)

04/06/2018 08:40

** Questerre's  QEC.OL  shares jump 14 pct in Oslo trade as
company settles lawsuit, consolidates Quebec position and
announces spud of Kakwa North well  urn:newsml:reuters.com:*:nFWN1T603Y
    ** Broker Pareto Securities says settlement means Questerre
acquires Repsol's 75 pct stake in Utica shale gas resource,
enabling it to move project forward without earlier uncertainty
    ** Pareto reiterates buy rating, says likely to raise its
NOK 11/share target price for Questerre    
    ** By 0732 GMT, Questerre's shares trade 10.8 pct higher for
the day at NOK 6.39

 ((terje.solsvik.thomsonreuters.com@reuters.net))