Hey Expeter,

Yeah I agree the regulators have to really be careful in the laws they set in regards to speculators in futures etc. $20 oil would be awful for everyone, but like you said so would $200...that would surely slow down growth when non oil producing nations can't buy oil.

I believe QEC is looking for a partner in the Horn River basin...possibly PetroCanada or Encana would be excellent. QEC is already partnered with Encana in the Greater Sierra natural gas play in BC...have gotten excellent results from there. The NG price has to be a bit higher to drill in BC though. I know they were planning on drilling additional wells in BC next year...I don't mind the company preserving capital...the gas is there, the results have been there...might as well wait.

In regards to the majors, I mean if gas prices stick at these levels for some time...I highly doubt if it is cheaper for Forest or TLM to drill in the US shale plays as compared to in Quebec. Sure there leases might be expiring, but Quebec is one of the cheapest places for gas production...you already got tons of infrastructure, premium to NYMEX and a 5 year no tax incentive from the government. I think they'll have to start re-evaluating the best interests for their company's, and Quebec will surely be on top of their lists...they'll eventually see it.

Rocco:)