Questerre Energy (QEC) Corporate Presentation summary

Financial and operational performance

• Funds flow from operations reached $5.0 million, with capital expenditures of $1.0 million and a working capital surplus of $13.2 million as of June 30, 2025.

• Market capitalization stood at $146 million, with 3,091 boe/d production weighted 55% to oil and liquids.

• Operating netback was $21.90/boe, and revenue per boe was $48.62.

• Free float comprised 94% of shares, with daily trading volume at 1.6 million shares.

Strategic assets and resource base

• Holds significant oil shale resources in Utah and Jordan, with patented technology and large-scale deposits under assessment.

• St. Lawrence Lowlands, Quebec, features a giant natural gas discovery with 7 Tcf assessed, including 1.6 Tcf risked contingent and 5.4 Tcf prospective resources.

• Western Alberta Montney play offers condensate-rich production with attractive economics.

• GSE Saskatchewan/SW Manitoba provides proven tight oil production with strong netbacks.

PX Energy and Red Leaf technology

• PX Energy in Brazil operates an integrated oil shale mine and refinery, producing over 4,500 boe/d, targeting 6,000 boe/d with a $23 million capex program.

• Red Leaf technology, with over 20 patents, enables economic oil shale production and integrated carbon capture; large-scale lab pilot completed in January 2025.

• Strategic rationale includes creating a fully integrated oil shale company, leveraging technology and refining expertise.

• Next steps involve due diligence, bondholder approvals, and joint venture discussions for PX Energy.