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21/05-2019 08:30:00: (QEC) Questerre to work with Schlumberger for Clean Tech project

Calgary, Alberta -- Questerre Energy Corporation ("Questerre" or the "Company")
(TSX,OSE:QEC) is pleased to announce that it has partnered with Schlumberger for
its Clean Tech Energy project in Quebec.

Michael Binnion, President and Chief Executive Officer of Questerre, commented,
"Being transparent about the environmental benefits of our Clean Tech Energy
project is essential to building trust with our stakeholders and securing social
acceptability. We are pleased to work with Schlumberger and their proprietary
Stewardship Tool so that our stakeholders can audit these benefits for
themselves."

The Company has secured access to the Schlumberger Stewardship Tool to model and
measure the environmental and social impacts of all stages of natural gas
production. By modelling development under the Clean Tech Energy approach and
comparing this to a more conventional approach, the tool will calculate the
significant reduction in emissions, waste and pollution. Questerre intends to
make the tool available to all stakeholders to allow them to model and analyze
the environmental impacts of its Clean Tech Energy plan for natural gas
development. 

About the Schlumberger Stewardship Tool

Schlumberger Stewardship Tool software can be used for planning oil and gas
development scenarios and holding meaningful discussions about environmental
impacts and how to minimize them. The software uses quantitative results to
evaluate each phase of a project to manage risk, prevent pollution, minimize
waste and lower greenhouse gas emissions. For more information on the
Schlumberger Stewardship Tool, please visit:
http://media.corporate-ir.net/media_files/IROL/97/97513/2018AR/interactive/stewa
rdship.html . 

About Schlumberger 

Schlumberger is the world's leading provider of technology for reservoir
characterization, drilling, production, and processing to the oil and gas
industry. With product sales and services in more than 120 countries and
employing approximately 100,000 people who represent over 140 nationalities,
Schlumberger supplies the industry's most comprehensive range of products and
services, from exploration through production, and integrated pore-to-pipeline
solutions that optimize hydrocarbon recovery to deliver reservoir performance.

Schlumberger Limited has executive offices in Paris, Houston, London, and The
Hague, and reported revenues of $32.82 billion in 2018. For more information,
visit www.slb.com.

Questerre is leveraging its expertise gained through early exposure to shale and
other non-conventional reservoirs. The Company has base production and reserves
in the tight oil Bakken/Torquay of southeast Saskatchewan. It is bringing on
production from its lands in the heart of the high-liquids Montney shale
fairway. It is a leader on social license to operate issues for its gas
discovery in the St. Lawrence Lowlands, Quebec. It is pursuing oil shale
projects with the aim of commercially developing these significant resources.

Questerre is a believer that the future success of the oil and gas industry
depends on a balance of economics, environment and society. We are committed to
being transparent and are respectful that the public must be part of making the
important choices for our energy future.

For further information, please contact:

Questerre Energy Corporation
Jason D'Silva, Chief Financial Officer
(403) 777-1185 / (403) 777-1578 (FAX) /Email: info@questerre.com

Advisory Regarding Forward-Looking Statements

This news release contains certain statements which constitute forward-looking
statements or information ("forward-looking statements") including the Company's
view that being transparent about the environmental benefits of its Clean Tech
Energy project is essential to building trust with stakeholders and securing
social acceptability and the Company's plans to make the tool available to all
stakeholders to allow them to model and analyze the environmental impacts of its
Clean Tech Energy project. Forward-looking statements are based on a number of
material factors, expectations or assumptions of Questerre which have been used
to develop such statements and information, but which may prove to be incorrect.
Although Questerre believes that the expectations reflected in these
forward-looking statements are reasonable, undue reliance should not be placed
on them because Questerre can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and conditions,
by their very nature they involve inherent risks and uncertainties. Further,
events or circumstances may cause actual results to differ materially from those
predicted as a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company, including,
without limitation: whether the Company's exploration and development activities
respecting its prospects will be successful or that material volumes of
petroleum and natural gas reserves will be encountered, or if encountered can be
produced on a commercial basis; the ultimate size and scope of any hydrocarbon
bearing formations on its lands; that drilling operations on its lands will be
successful such that further development activities in these areas are
warranted; that Questerre will continue to conduct its operations in a manner
consistent with past operations; results from drilling and development
activities will be consistent with past operations; the general stability of the
economic and political environment in which Questerre operates; drilling
results; field production rates and decline rates; the general continuance of
current industry conditions; the timing and cost of pipeline, storage and
facility construction and expansion and the ability of Questerre to secure
adequate product transportation; future commodity prices; currency, exchange and
interest rates; regulatory framework regarding royalties, taxes and
environmental matters in the jurisdictions in which Questerre operates; and the
ability of Questerre to successfully market its oil and natural gas products;
changes in commodity prices; changes in the demand for or supply of the
Company's products; unanticipated operating results or production declines;
changes in tax or environmental laws, changes in development plans of Questerre
or by third party operators of Questerre's properties, increased debt levels or
debt service requirements; inaccurate estimation of Questerre's oil and gas
reserve and resource volumes; limited, unfavourable or a lack of access to
capital markets; increased costs; a lack of adequate insurance coverage; the
impact of competitors; and certain other risks detailed from time-to-time in
Questerre's public disclosure documents. Additional information regarding some
of these risks, expectations or assumptions and other factors may be found under
in the Company's Annual Information Form for the year ended December 31, 2018
and other documents available on the Company's profile at www.sedar.com. The
reader is cautioned not to place undue reliance on these forward-looking
statements. The forward-looking statements contained in this news release are
made as of the date hereof and Questerre undertakes no obligations to update
publicly or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.

Ekstern link: https://newsweb.oslobors.no/message/477450

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