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Questerre Energy in Final Talks for Petroleum Exploration in Canada

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Questerre Energy (QEC.OL) said Monday it reached the final stages of negotiations for a deal to explore for petroleum across lands in Cumberland Basin in the Canadian province of Nova Scotia.

Subject to the signing of the final deal, the energy technology and innovation company will have exclusive rights to explore and develop multiple formations of oil and natural gas prospects in the area.

The auction for exploration rights is part of the province's Subsurface Energy Research and Development Investment Program.

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