Here's part 2 and shows just how interested investors are in the Utica area.
Questerre Equity Issue Oversubscribed March 2, 2010
Questerre Energy Corporation is pleased to announce that its previously reported equity issue of 20 to 30 million shares was more than two times oversubscribed.
The offering will consist of the issuance of 30 million Common Shares of the Company at an issue price of 24.50 NOK or C$4.30 for gross estimated proceeds of 735 million NOK or C$129 million.
Questerre Energy Corporation is an independent energy company focused on shale gas in North America. The Company is concentrated on establishing commerciality of its Utica shale gas discovery in the St. Lawrence Lowlands, Quebec.
MPO Price at posting:
$1.30 Sentiment: LT Buy Disclosure: Held
