People | People-Resignation

Questerre CFO Resigns, New CFO and Three VPs Added

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Questerre Energy Corporation is pleased to announce that it has appointed Frank Walsh as Chief Operating Officer in addition to three other new senior management members.

Michael Binnion, President and Chief Executive Officer, said: "We are pleased we have established an experienced Montney team. Mr. Walsh has a proven track record in the Montney and will lead our operations team. They will be responsible for executing the Montney development plan to meet our take or pay commitments of 6,000 boe/d in 2015."

Mr. Walsh is a seasoned engineering executive with over 30 years' experience in the oil and gas industry. From 2004 to 2012, he was a founder and Vice President, Engineering & Production for Huron Energy Corporation, a private company focused on developing the Montney in northeast British Columbia. Prior thereto, from 1998 to 2004, he was a founder and Vice President, Engineering & Production for Rubicon Energy Limited a junior oil company focused on central Alberta. Mr. Walsh holds an engineering degree from the Technical University of Nova Scotia and an MBA from Queen's University.

The Company reported that it has appointed Bill Gerber as Vice President, Drilling. Mr. Gerber is a Montney drilling engineer with over 36 years' progressive engineering experience. Since 1995, he has been a partner at Sorus Consulting, a drilling, completion and optimization engineering firm. Mr. Gerber holds an engineering degree from Montana Tech of the University of Montana.

Additionally, Questerre announced it has engaged Eric Geppert, P. Eng., as Vice President, Exploitation. Mr. Geppert has over 24 years' progressive engineering experience. From 2001 to 2013, he was employed by Cenovus Energy Inc. and its predecessors in a variety of positions, most recently as Director, New Ventures (Conventional) and Vice President, Strategic Planning and Reserves Governance. Mr. Geppert holds an engineering degree with distinction from the University of Calgary.

The Company also appointed Richard Mindus as Vice President, Facilities & Field Operations. Mr. Mindus has over 35 years' oil and gas operations experience with 15 years' experience operating the Beaver River Field in northeast British Columbia. He was formerly employed by Questerre from 2001 to 2011. The Company announced that it has issued a total of 2,000,000 options to these individuals.

In conjunction with the appointment of Mr. Walsh, Questerre has accepted the resignation of Rob Morrison as Chief Operating Officer. The Company would like to thank Mr. Morrison for his contributions in 2013 and wish him success in his future endeavors.