Not sure what to make of this - somebody pinch me!

Translated from the following Norwegian link: http://www.hegnar.no/analyser/article410293.ece

As of Monday, brokerage house First Securities has resumed coverage of oil and gas company Questerre Energy, said Stock Link.

First-analysts give the stock a buy recommendation and set a target price of 23 per share (4.07 CAD).

Questerre rose Monday 4.92 percent to 19.20 kroner. The upside in terms of price target may therefore be closer to 20 percent.

But should things really fall into place for Questerre, the upside may be greater - far greater, says First.

- Upside from current share price is enormous, with a blue sky potential value adjusted equity per share (NAV / share) at 170 kroner (30 CAD), writes the brokerage house in an analysis.

Should this prove to be the case we're looking at an upside of just over 785 percent.