Questerre Energy Corporation reported that it has implemented a corporate restructuring plan to reduce its administrative overhead in the current commodity price environment. As part of the restructuring program, the Board has elected to reduce head office personnel by 20% and implement a 10% reduction in salaries for senior management.

With activity suspended on its operated Kakwa acreage in 2015, the Company reported that its Chief Operating Officer, Frank Walsh, will be leaving at the end of the first quarter, to pursue other opportunities. Effective April 1, 2015, Keith Wilford will assume the position of Chief Operating Officer in addition to his current duties as Vice President, Operations. Mr. Wilford has held this position with Questerre since September 2014. He is a seasoned engineer with over 30 years' experience in applied engineering and field operations. Most recently he has provided drilling, completions, production, facility design and engineering support to a number of private and public companies on a consulting basis.