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Michael Binnion, President and Chief Executive Officer of Questerre, commented, "The initial results from our pilot horizontal well program in 2010 were excellent. They continued to validate our significant Utica discovery in the St. Lawrence Lowlands, Quebec. Notwithstanding the one year delay from our original timeline, I am confident that 2011 will be the year we make a break through on the prerequisites for commercial development."

Bape report due Monday.