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Message: QEC Valuations

Hi lifenergy,

I agree with you as well that TLM will increase drilling in 2009/2010 with the tax free vacation on all wells into production before the end of 2010. It's a no brainer that they wouldn't take advantage of this although they do have money to burn these days after selling a number of their assets over the last year. But why would they wait?? Like you said I don't thik they will. As far as NG testing the $ 10 mark.... I don't think we'll see this for a couple of years. There's just too much available right now with all the emerging shale plays and it'll take the world economy some time to spool up to where we were the past few years but as soon as that happens we could even hit $13- $14 . Hurricane season is just around the corner as well which will bump the price up so maybe we will hit $ 10 this fall but I doubt it. $6-$7 would be nice .

BCQEC

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