Questerre Energy to Sell Non-Operated Kakwa Central Assets for $23.5 Million
Questerre Energy (QEC.TO) is selling its non-operated minority working interest in its Kakwa Central assets in Alberta for $23.5 million, it said Friday.The company said the sale price includes a cash payment of $23.5 million, the assumption of decommissioning liabilities for the assets as well as the company's commitments under its firm transportation and processing contracts.Production from the assets averaged about 650 barrels of oil equivalent per day (boe/d) during the first quarter of 2026, it noted. Questerre expects production to average over 4,500 boe/d including production from its Kakwa North assets where it holds a 50% working interest."This sale strengthens our balance sheet without the issuance of any equity capital," said Chief Executive Michael Binnion. "We are focused on developing our other assets including our adjacent lands at Kakwa North."Shares of the company were last seen up $0.02 to $0.32 on the Toronto Stock Exchange.Price: $0.32, Change: $+0.02, Percent Change: +6.67%
