Questerre Energy Corporation

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As part of a new term that comes to entrust the government, Investissement Québec will develop a team of specialists in the oil and gas.

Within a year, IQ would have hired five or six experts in the field, said Friday the president and CEO of the institution, Jacques Daoust, during an interview with The Associated Press.

For starters, Investissement Québec will hire consultants who work for services firms in the industry. But soon he finds interesting candidates, the agency will attempt to integrate them into its permanent staff.

Specialists have already begun contacting IQ to offer their services. To increase the talent pool to draw from, Mr. Daoust is considering seeking Quebecers working in the oil sector in Alberta and want to get closer to their families.

The last budget of Finance Minister Raymond Bachand, provides for the reactivation of the Société québécoise d'initiatives oil (SOQUIP), which was dissolved in early 2000. SOQUIP will be part of the Resources Quebec, a new subsidiary of IQ to be $ 1.2 billion at its disposal.

The mandate of the SOQUIP be specified by the end of strategic environmental assessment commissioned by the government, including the one on shale gas, whose work should be completed by 2013.

This has not prevented IQ announced last week, a $ 10 million investment to acquire a 13 per cent in Petrolia ( PEA ), who will soon be three conventional drilling in the Gaspé in the hope of find commercially exploitable oi

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bruce41
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Questerre Energy Corporation
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