Questerre Energy Corporation reported on its proposed acquisition of PX Energy, a Brazilian oil shale company. President & CEO, Michael Binnion, highlighted the need for additional liquidity and ongoing discussions with bondholders and financial partners. The Acquisition is subject to various conditions and approvals. Questerre remains focused on establishing a sustainable capital structure and maximizing the strategic value of the acquisition to advance its oil shale strategy. The company is committed to collaborating with stakeholders to ensure financial flexibility and potential realization. No assurance of completion has been given.

Read more at GlobeNewswire: Questerre updates PX Energy transaction