TLM to announce reserves May 24

What to expect in Qec stock price in coming months

Saturday, April 19, 2008

Qec.T $2.20

There are no hot shot analysts stepping out on Questerre yet. They will appear, but for now its lonely at the top, hanging on a limb with a 5$ target to fulfill. If you had followed my advice you would have stock at no cost to roll the dice with. For those late to the gate, theres plenty of upside yet.

Rumour mills in well placed Toronto brokerages tell me Sprott Asset Management has taken a very healthy position, and two more Canadian institutional managers are following suit.

Talisman is doing a show n tell to New York big wigs April 24. Perhaps a hint may come from these discussons. Presently, Utica reserves are estimated at30tcf, interpolation from Forest Oil results should bring a multiplication factor of 4 to 6 times that, bumping it to 120tcf to 180tcf range.

With a market cap of 370mill$ at 2.10, it is reasonable to expect a 6$-8$ figure upon confirmation of this speculative guestimate. As the play heats up, I believe

speculation will send this small cap stock [only 170mill out] into the teens.

Call me nutso, but these are just the facts

New York pros are calling for 30$ on TLM. You do the math. There are just over 1 billion shares issued on TLM, already having risen from 16$ the cap is up $5 billion. At 21$ that leaves 9 more dollars to climb, or about 10 billon in cap . This figure is heavily weighted on Utica. As carried interest jv partners, only a 1 billion dollar cap swing would put shares over 7 beans on qec!!!!! I am attempting to be on the modest side, as to not be tagged as a section 8 candidate nor a whacko hype guy. . What I want to impress is a similar market evaluation would amplify qec's price because of the low share structure.... and is reasonable to expect...10% OF YOUR PORTFOLIO SHOULD BE DEDICATED TO QEC

An observation re Sprott. I am truly impressed with the terrific foresight of Eric Sprott & Co.. I have witnessed again and again thier ability to spot the quality junior plays and capatalise in a timely fashion. I am not really a fan of funds, but giving credit when earned, give the Roys Golden Lassoo approval to them. I am not that surprised to see them buying Questerre shares.Keep up the good work!!!!!

royrogers

Market Scents

I am not licensed to give investment advice. Contact your broker before taking any action.