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Message: FROM TLM 3RD QUARTER TRANSCRIPT

FROM TLM 3RD QUARTER TRANSCRIPT

posted on Dec 28, 2009 05:49PM

It seems to me that TLM is well-covered and mouth-closed about Quebec projects; maybe others big Rivals (Exxon; Encana...) are listening... But, are TLM board directors referring to Quebec lawlands here??

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Brian Singer – Goldman Sachs

Following the acquisitions of additional acreage in the Marcellus and Montney, what are your thoughts on further expansion to potentially include another shale gas area? Is that something that is still a focus or following these acquisitions and drilling results is that less of a focus.

Paul Smith

I think firstly Brian we’re delighted with clearly having doubled our position in both the Marcellus Pennsylvania and the Montney Shale which we believe to be two of the leading shale plays in North America. I think we’ve always said that we will continue to look for the potential to enter an additional Tier I play within North America. There’s nothing specific at this moment in time but we’ll continue to look for opportunities and should the right opportunity present itself at the right value at the right time I think that’s something that we’ve consistently signaled that we would consider

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