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Message: Re: free gas anyone?

Jun 30, 2009 12:59PM

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Re: free gas anyone?

posted on Jul 08, 2009 05:22PM

Oooh my bad...I interpretted that incorrectly! Thanks for clarifying that.

And you make a good point...they would get murdered...but is it worth it at the cost of possibly making less or not even breaking even. Now I don't know the numbers exactly, but sure isn't as good an investment as it would be to go with Quebec.

The timeline from last year, when the first Forest wells came out, in regards to drilling in Quebec has only moved up 6 months or so...which you can't really blame them...2010 was going to be the big year...I guess it'll all depend on prices...but like someone said, once the production begins, the number of wells drilled spreads like a virus...as seen with other shale plays.

The one and only thing that scares me, is being taken out. I'd rather see this company develope into a major...and it's SP will definantely reflect it. With the depressed prices and the economy recovering slowly, I'd hate to see a Total or Exxon Mobile type of company come in a make a low ball offer.

Rocco:)


Jul 08, 2009 06:07PM
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