The new royalty regime will help:

NPV(10) increases from $427,033 to $1,078,763

IRR goes from 17% to 28%

Gaz Metro will build pipeline connections and could sign flexible gas delivery contracts.

The timeline could be shortened for an approval for a pipeline connection which now takes 9 months to allow gas deliveries in 2009.

Perhaps Canbriam or Junex could hook up their gas wells to Gaz Metro pipelines and leave Forest Oil behind.

I believe Junex will fracture stimulate the St-Augustin vertical well soon.