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Message: Re: QEC Valuations
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Jun 01, 2009 12:10PM

Today we have SEVEN wells drilled: 2 from FST, 4 from TLM /QEC and 1 from TLM/Intragaz. This last, Le Clercville, a vertical one with one fract, had a recente flow over 900 mmcf, very huge, even if the news did not come out in a PR.

TLM will scale ahead his pilot well program in 2009 and all 2010, and Quebec Government will give special 5 years tax free to every new well driven into production before 2010 end.

IMO, just one or two BIG drilling more results (FST horizontal reentering with adeguate, even if expensive, instruments would be good), just coming out of this mondial crisis, and we will test $ 10, when Natural Gas will test the same number...



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