Questerre Energy Provides Update on PX Energy Transaction and Operational Consolidation

Questerre Energy Corporation (“Questerre” or the “Company”) announced that the previously contemplated 50/50 joint venture term sheet to develop Parana Xisto SA (“PX Energy”) with a local Brazilian partner has now expired in line with its terms. As a result of the expiration, Questerre remains the 100% owner and operator of PX Energy, the oil shale production and refining company based in southern Brazil, and will fully consolidate the company’s financial and operational results for the period ending December 31, 2025. PX Energy continues to deliver strong performance, with production levels maintaining above 4,400 barrels of oil equivalent per day (boe/d). Combining this with production from Questerre’s Western Canada operations, total output for the fourth quarter of 2025 is expected to average between 6,500 and 7,000 boe/d, demonstrating ongoing operational momentum and stable field results. Questerre emphasized its identity as an energy technology and innovation company, leveraging expertise in low-permeability reservoir development to secure high-quality resources. The company reiterated its commitment to balancing economic performance, environmental stewardship, and societal considerations as key pillars of its strategy. The update also contained forward‑looking statements regarding expectations for production estimates and future performance, accompanied by standard cautions regarding risks and uncertainties inherent in energy industry operations. #QuesterreEnergy #PXEnergy #OilAndGas #EnergyProduction #SlimScan #GrowthStocks #CANSLIM