Questerre to acquire PX Energy.

Questerre, a Calgary-based energy technology company, agreed to acquire PX Energy, a Brazilian shale oil and refining company. Financial terms were not disclosed. "This acquisition is a rare opportunity for us to gain the expertise and capacity to advance our multi-billion barrel oil shale resource in Jordan. I am very pleased we were able to structure it to ensure the Quebec assets are not affected by this deal. PX Energy has operated for over thirty years using technology developed by Petrobras. We believe the PX Energy platform will also provide us with the operational base, deep expertise, and capital foundation needed to advance the Red Leaf oil shale and biofuel technology to the next stage," Michael Binnion, Questerre President and CEO.