Hi Jinxer,

Correct me if I'm wrong but QEC on Sept 1 advised they have 1,000,000,000 boe in NG. If you take a net back of $35 a boe over the life of the play that =35000000000 divided by 197,000,000 ( shares outstanding) = SP$177CDN. If I'm incorrect with my calculation please forgive me. This price will go down with tie in cost and dillutions as a result but I don't think this is really pie in the eye talk as you say.

BCQEC