CALGARY, ALBERTA--(Marketwire - Aug. 30, 2012) -
NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) released today a fact sheet on the relationship between earthquakes and hydraulic fracturing.
"Media have reported concerns about hydraulic fracturing causing earthquakes," noted Michael Binnion, President and Chief Executive Officer. "The whole purpose of hydraulic fracturing is to fracture rock under the surface which is a seismic event also known as an earthquake. So it may be surprising to some but hydraulic fracturing stimulations actually are very small earthquakes."
He further commented, "How noticeable these earthquakes are depends primarily on the stability of the geology in the area. In Quebec, the St. Lawrence Lowlands are in a stable geological state and therefore not generally prone to either natural or induced earthquakes. In other areas including British Columbia and Blackpool in the United Kingdom, the particular geology led to hydraulic fracturing triggering earthquakes that were neither significant nor generally felt at surface."
The fact sheet entitled "Hydraulic Fracturing and Earthquakes in Quebec" discusses hydraulic fracturing and other man made activities that induce seismic events or earthquakes. It also details a recent study on the geology of the Lowlands that confirms earlier studies by Natural Resources Canada on the stable geology and low probability of significant earthquakes in the area.
This fact sheet and other resources relating to shale gas development in Quebec are available on the Company's website at www.questerre.com.
Questerre Energy Corporation is an independent energy company focused on non-conventional oil and gas resources. The Company is currently developing a portfolio of oil shale assets in North America. It is also securing a social license to commercialize its Utica natural gas discovery in Quebec. The Company is underpinned by light oil assets and a strong balance sheet. Questerre is committed to the economic development of its resources in an environmentally conscious and socially responsible manner.
This news release does not constitute an offer of securities for sale in the United States. These securities may not be offered or sold in the United States absent registration or an available exemption from registration under the United States Securities Act of 1933, as amended.