Questerre Energy reports Q1 results

May 12, 2022 3:19 AM ETQuesterre Energy Corporation (QTEYF), QEC:CABy: Meghavi Singh, SA News Editor
  • Questerre Energy press release (OTCPK:QTEYF): Q1 Current production over 2,000 boe/d with average daily production of 1,288 boe/d and adjusted funds flow from operations of $4.3 million for the quarter.
  • The Company generated net income of $2.4 million for quarter (2021: $0.9 million) and adjusted funds flow from operations of $4.3 million (2021: $2.9 million).
  • The Company incurred capital expenditures of $4.9 million for the period (2021: $0.5 million) and reported a working capital surplus of $1.2 million as at March 31, 2022 (March 31, 2021: $5.4 million deficit).

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.