Recent Insider Transactions • May 26
Vice President of Land recently sold €114k worth of stock On the 22nd of May, Rick Tityk sold around 632k shares on-market at roughly €0.18 per share. This transaction amounted to 78% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €328k more than they bought in the last 12 months. Reported Earnings • May 20
First quarter 2026 earnings released: CA$0.04 loss per share (vs CA$0 in 1Q 2025) First quarter 2026 results: CA$0.04 loss per share (further deteriorated from CA$0 in 1Q 2025). Revenue: CA$41.0m (up 378% from 1Q 2025). Net loss: CA$17.8m (down CA$17.8m from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Aankondiging • Jan 16
Questerre Energy Corporation Announces Departure of Fontaine as Director Questerre Energy Corporation announced special meeting of shareholders held on January 15, 2026, The Company would like to thank Ms. Fontaine for her service to the Company and wish her the best of luck with her future endeavors. Aankondiging • Dec 30
Questerre Energy Corporation (TSX:QEC) acquired 50% stake in Red Leaf Resources, Inc for $3.78 million. Questerre Energy Corporation (TSX:QEC) agreed to acquire 60% stake in Red Leaf Resources, Inc. for $4.3 million on December 1, 2025. The consideration consists of 20 million common equity of Questerre Energy Corporation at a ratio of 94 per common equity of Red Leaf Resources, Inc.
The transaction is subject to receipt of requisite approvals and an initial closing is scheduled for the end of December 2025.
Questerre Energy Corporation (TSX:QEC) completed the acquisition of 50% stake in Red Leaf Resources, Inc. for $3.78 million on December 30, 2025. The consideration consists of 17.25 million common equity of Questerre Energy Corporation. Following completion, Questerre Energy Corporation now owns over 90% of the issued and outstanding common shares of Red Leaf Resources, Inc. Aankondiging • Dec 01
Questerre Energy Corporation (TSX:QEC) agreed to acquire 60% stake in Red Leaf Resources, Inc. for $4.3 million. Questerre Energy Corporation (TSX:QEC) agreed to acquire 60% stake in Red Leaf Resources, Inc. for $4.3 million on December 1, 2025. The consideration consists of 20 million common equity of Questerre Energy Corporation at a ratio of 94 per common equity of Red Leaf Resources, Inc. Closing of the transaction is subject to receipt of requisite approvals and an initial closing is scheduled for the end of December 2025. Aankondiging • Aug 01
Questerre Energy Corporation to Report Fiscal Year 2025 Results on Mar 26, 2026 Questerre Energy Corporation announced that they will report fiscal year 2025 results on Mar 26, 2026 Aankondiging • Jul 29
Questerre Energy Corporation (TSX:QEC) entered into a definitive agreement to acquire Parana Xisto S.A. for BRL 79.4 million. Questerre Energy Corporation (TSX:QEC) entered into a definitive agreement to acquire Parana Xisto S.A. for BRL 79.4 million on July 29, 2025. The Purchase consideration of 65 million common shares of Questerre, structured as follows: 15 million common shares issued upon closing, which will be subject to a voting and lock-up agreement; 50 million common shares, released in two tranches based on the achievement of key performance milestones: With respect to the first tranche of 25 million common shares, $30 million Free Cash Flow achieved no later than September 30, 2027, with respect to the second tranche of 25 million common shares, $40 million Free Cash Flow achieved no later than September 30, 2028; or Equity financings completed at or above CAD 0.50 per share with respect to the first tranche for aggregate proceeds of at least CAD 25 million completed no later than September 30, 2027 and with respect to the second tranche, an equity financing at or above CAD 1 per share for aggregate proceeds of at least CAD 25 million no later than September 30, 2028.
Completion of the Acquisition is subject to a number of conditions, including satisfactory due diligence review, board approval, standard regulatory approvals (including acceptance from the Toronto Stock Exchange and Oslo Stock Exchange and third-party approvals including satisfactory waivers by the bond holders and convertible noteholders in favor of Questerre. Where applicable, the proposed Acquisition cannot close until the required shareholder approval is obtained. There can be no assurance that the Acquisition will be completed as proposed or at all.
Clarksons Securities AS acted as financial advisor to Questerre Energy Corporation. Aankondiging • Feb 06
Questerre Energy Corporation, Annual General Meeting, Jun 17, 2026 Questerre Energy Corporation, Annual General Meeting, Jun 17, 2026. Reported Earnings • Nov 14
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CA$8.47m (down 9.4% from 3Q 2023). Net loss: CA$273.0k (loss narrowed 19% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 03
Questerre Energy Corporation Updates Kakwa Development and Files Expert Report for Legal Action in Québec Questerre Energy Corporation reported on the upcoming drilling program at Kakwa North. The Company plans to participate in three (1.5 net) wells proposed by the operator at an estimated cost of $21 million net to Questerre. Subject to equipment availability, the wells are scheduled to spud early in the fourth quarter. Completion operations are planned for the first quarter of next year. Questerre holds a 50% interest in these wells. Questerre also reported that the three (0.75 net) new wells on its Kakwa Central acreage were tied in earlier last month. Gross production from these wells over the last month is approximately 2,755 boe/d consisting of 6.8 MMcf/d of natural gas and 1,625 bbl/d of condensate and natural gas liquids. The Company holds a 25% interest in these wells. While the initial rates are encouraging, they are not indicative of the long-term performance or ultimate recovery. Questerre also reported that it has filed with the QuébecSuperior Court (Civil Division) (the “Court”) an independent expert report (the “Report”) that quantifies the economic losses that may be incurred by the Company should its licenses to explore for oil and gas be successfully revoked by the Government of Québec. The independent expert was retained by the Company’s litigation counsel on behalf of the Company to prepare the Report. The Report was prepared in connection with the legal action to assist the Court. It is solely for use by Questerre in the legal action. The Report was prepared in accordance with the Canadian Institute of Chartered Business Valuators (“CICBV”) requirements for both a Comprehensive Valuation Report and an Expert Report as defined in the CICBV Practice Standards. Based on the scope, and subject to the restrictions, qualifications, and major assumptions, under various scenarios, all of which are set out in the Report, potential economic losses range from approximately $700 million to $4,800 million. The Report must be considered as a whole to avoid creating a misleading view. The Report has been filed on SEDAR+ and the NewsPoint service of Oslo Børs. The Report, nor any part thereof, does not form part of nor is deemed to be incorporated by reference in this news release. Questerre notes that there is no guarantee that it will be successful in respect of its legal action against the Attorney General of Québec, the Minister of Economy, Innovation and Energy and the GoQ which is currently before the Court or that, even if successful, there is no guarantee as to the amount of damages that Questerre may recover, if any. There are no guarantees that the amounts set out in any of the scenarios of the Report will be accepted by the Court, and such amounts may be materially different than the amounts ultimately awarded to and actually recovered by Questerre. Reported Earnings • Aug 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CA$8.76m (down 5.8% from 2Q 2023). Net income: CA$1.26m (down 25% from 2Q 2023). Profit margin: 14% (down from 18% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 30
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to €0.17. The fair value is estimated to be €0.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 02
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €0.15. The fair value is estimated to be €0.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 24
Now 21% overvalued Over the last 90 days, the stock has fallen 15% to €0.13. The fair value is estimated to be €0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 13
First quarter 2024 earnings released First quarter 2024 results: Revenue: CA$7.95m (down 10% from 1Q 2023). Net loss: CA$175.0k (down 119% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Mar 24
Full year 2023 earnings released: CA$0.06 loss per share (vs CA$0.033 profit in FY 2022) Full year 2023 results: CA$0.06 loss per share (down from CA$0.033 profit in FY 2022). Revenue: CA$35.7m (down 24% from FY 2022). Net loss: CA$23.7m (down 268% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 06
Questerre Energy Corporation Appoints Jauvonne Kitto to its Board of Directors Questerre Energy Corporation announced that Ms. Jauvonne Kitto has joined the Board of Directors of Questerre. Ms. Kitto has over 25 years’ experience with First Nations in Canada focusing on executive management, corporate governance, and advocacy. She has been the lead negotiator for numerous major Indigenous rights agreements and related energy and infrastructure projects. She is a co-founder and the Chief Executive Officer of the Saa Dene Group. Prior thereto, she was executive director of the Fort McKay First Nation. She is actively involved with several non-profit organizations and Indigenous self-governments. New Risk • Nov 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 9.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin). Market cap is less than US$100m (€61.0m market cap, or US$65.1m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: CA$0.017 (vs CA$0.021 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.017 (down from CA$0.021 in 2Q 2022). Revenue: CA$9.30m (down 42% from 2Q 2022). Net income: CA$1.69m (down 81% from 2Q 2022). Profit margin: 18% (down from 57% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Mireille Fontaine was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 12
First quarter 2023 earnings released First quarter 2023 results: Revenue: CA$8.86m (up 3.1% from 1Q 2022). Net income: CA$940.0k (down 61% from 1Q 2022). Profit margin: 11% (down from 28% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: CA$0.033 (vs CA$0.01 loss in FY 2021) Full year 2022 results: EPS: CA$0.033 (up from CA$0.01 loss in FY 2021). Revenue: CA$46.9m (up 64% from FY 2021). Net income: CA$14.1m (up CA$18.4m from FY 2021). Profit margin: 30% (up from net loss in FY 2021). Oil reserves and sales price Proven reserves: 0.703 MMbbls Average sales price/bbl (hedged): US$122 Gas reserves and sales price Proven reserves: 43.553 Bcf Average sales price/mcf (hedged): US$6.10 LNG reserves Proven reserves: 5.143 MMbbls Combined production and costs Oil equivalent production: 0.626 MMboe (0.54 MMboe in FY 2021) Average production cost/Boe: US$24.47 (US$21.81/Boe in FY 2021) Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.005 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.01 (up from CA$0.005 in 3Q 2021). Revenue: CA$10.6m (up 55% from 3Q 2021). Net income: CA$2.76m (up 38% from 3Q 2021). Profit margin: 26% (down from 29% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: CA$0.02 (vs CA$0.007 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.02 (up from CA$0.007 in 2Q 2021). Revenue: CA$16.0m (up 118% from 2Q 2021). Net income: CA$9.05m (up 213% from 2Q 2021). Profit margin: 57% (up from 39% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.002 in 1Q 2021) First quarter 2022 results: EPS: CA$0.01 (up from CA$0.002 in 1Q 2021). Revenue: CA$8.60m (up 37% from 1Q 2021). Net income: CA$2.42m (up 167% from 1Q 2021). Profit margin: 28% (up from 14% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Buying Opportunity • Apr 15
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Mar 30
Now 24% undervalued Over the last 90 days, the stock is up 37%. The fair value is estimated to be €0.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 12
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$6.86m (up 35% from 3Q 2020). Net income: CA$2.01m (up CA$2.98m from 3Q 2020). Profit margin: 29% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS CA$0.007 (vs CA$0.006 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$7.35m (up 119% from 2Q 2020). Net income: CA$2.89m (up CA$5.59m from 2Q 2020). Profit margin: 39% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • May 13
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: CA$6.27m (flat on 1Q 2020). Net income: CA$908.0k (up CA$114.8m from 1Q 2020). Profit margin: 14% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 43% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 26
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CA$20.6m (down 34% from FY 2019). Net loss: CA$117.6m (down 279% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Aankondiging • Feb 19
Questerre Energy Corporation to Report Fiscal Year 2022 Results on Mar 23, 2023 Questerre Energy Corporation announced that they will report fiscal year 2022 results on Mar 23, 2023 
