Questerre Energy Corp. (TSX:QEC) announced that Quebec Natural Resources Minister Martine Ouellet’s comments that modern gas extraction cannot be undertaken safely will not effect its activities in the province.
Michael Binnion, Questerre’s president and CEO, commented:
There is already a moratorium in Quebec. So the Minister’s comments about a moratorium have no impact on our business plan. We will continue to develop our conventional assets, including the discovery in the Montney, and advance our high impact oil shale assets.
We were disappointed to hear that the Minister does not believe modern completion techniques can ever be done safely. It is ironic since Quebec imports approximately 0.5 Bcf a day of natural gas from Western Canada that is safely produced using this proven, well-established technology.