Questerre announces definitive agreement to acquire 100% of PX Energy
Canada, July 29 -- Questerre Energy Corporation is pleased to announce that it has entered into a definitive agreement (the "Definitive Agreement") to acquire 100% of Parana Xisto SA ("PX Energy"), a privately held shale oil production and refining company based in southern Brazil by way of acquisition of the shares of its indirect parent companies, Forbes & Manhattan Resources Inc. ("F&M Resources") and Forbes Participa?ões Ltda (the "Acquisition"). Transaction HighlightsAssets acquired: PX Energy currently produces approximately 4,500 boe per day, with a targeted increase to 6,000?boe per day by August 31, 2026, supported by growth capital projects currently underway. Purchase consideration: 65 million common shares of Questerre, structur...
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