June 4, 2018 / 7:41 AM / 2 months ago

BUZZ-Questerre shares rise 14 pct in Oslo trade

** Questerre’s shares jump 14 pct in Oslo trade as company settles lawsuit, consolidates Quebec position and announces spud of Kakwa North well

** Broker Pareto Securities says settlement means Questerre acquires Repsol’s 75 pct stake in Utica shale gas resource, enabling it to move project forward without earlier uncertainty

** Pareto reiterates buy rating, says likely to raise its NOK 11/share target price for Questerre

** By 0732 GMT, Questerre’s shares trade 10.8 pct higher for the day at NOK 6.39

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