Nov 27 (Reuters) - Questerre Energy Corp QEC.TO :
* CONSOLIDATES ANTLER ASSETS THROUGH ACQUISITION
* HAS CLOSED AN ACQUISITION OF PRODUCING BAKKEN/TORQUAY OIL ASSETS IN ANTLER AREA OF SOUTHEAST SASKATCHEWAN
* THIS ACCRETIVE ACQUISITION CONSOLIDATES OUR OPERATED WORKING INTEREST AT ANTLER. WE NOW OWN 100% OF THESE ASSETS AND ADD LOW-DECLINE, HIGH NETBACK LIGHT OIL PRODUCTION TO OUR BASE OF CONVENTIONAL ASSETS
* POST THIS ACQUISITION, CURRENT PRODUCTION FROM AREA, INCLUDING ADJACENT PRODUCTION FROM PIERSON, MANITOBA, IS APPROXIMATELY 450 BBL/D
* ACQUIRED APPROXIMATELY 180 BBLS/D OF LIGHT OIL PRODUCTION IN ANTLER AREA FOR GROSS CONSIDERATION OF $7.25 MILLION, SUBJECT TO CUSTOMARY INDUSTRY ADJUSTMENTS
* ACQUIRED ASSETS INCLUDE 3D SEISMIC DATA OVER PRODUCING ACREAGE WITH A VALUE OF APPROXIMATELY $0.77 MILLION
* ALSO REPORTED THAT IT IS SUBMITTING ITS COMMENTS ON DRAFT HYDROCARBON REGULATIONS TO MINISTRY OF ENERGY AND NATURAL RESOURCES IN QUEBEC THIS WEEK
* ANTICIPATES THAT SUBJECT TO REVIEW OF COMMENTS RECEIVED FROM STAKEHOLDERS, REGULATIONS SHOULD BE FINALIZED IN EARLY 2018