BRIEF-Questerre management cuts wages by 20 pct, receives options instead

OSLO, Nov 23 (Reuters) - Questerre : * As reported in its third quarter 2015 report, Questerre has implemented further overhead reductions to maintain its financial flexibility in the current commodity price environment. * Effective November 1, 2015, the Board of Directors has implemented a 20% reduction in the number of working days from five to four per week. * As a result, annual salaries for officers and employees have been reduced by 20%. * This is in addition to the 10% reduction