Questerre Energy signs MOU for oil shale acreage in Jordan

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Market news

Questerre Energy has signed an MOU (Memorandum of Understanding) with the Ministry of Energy and Mineral Resources of the Hashemite Kingdom of Jordan.

The agreement is for the appraisal and development of oil shale acreage in Jordan.

It encompasses two blocks covering 388km in the Isfir-Jafr area, which is 200km south of the capital, Amman.

A total of 35 core holes have been drilled on these two blocks previously by the Natural Resources Authority of Jordan.

The primary objective of the work program will be to assess the acreage for potential oil shale development.

The initial terms of the MOU is two years and may be extended.

Questerre Energy Corporation is leveraging its expertise gained through early exposure to shale and other non-conventional reservoirs. The Company has base production and reserves in the tight oil Bakken/Torquay of southeast Saskatchewan.

It is bringing on production from its lands in the heart of the high-liquids Montney shale fairway. It is a leader on social license to operate issues for its Utica shale gas discovery in the St. Lawrence Lowlands, Quebec.