good post...and don't forget...QEC's holdings are not limited to the Utica alone. While it will be a while befort the Horn River property is either developed or sold off, it should add significant value to the picture.

As a point of interest, those "in the know" in this part of the world are projecting a "long-term" average price for NG of between $6 and $7.50. That would make Brym's projections even more interesting.

The only problem I have in holding QEC is living long enough to get full value out of my investment ;-)