http://www.hegnar.no/bors/article417994.ece

Gambling on a Questerre jackpot.

Holberg Hogne Tyssøy matched the market - and then some - in March. Now he's bet on these six stocks - including Questerre.

Article by: Odd Steinar Parr (Hugin Online - 08.4.10 13:57)

Holberg Norway achieved slightly better results than the market in March, with a 8.3 percent return. The benchmark index fund index rose 8.2 percent. So far in 2010 (31/3) the fund has risen 3.6 percent, approx. 0.3 percentage points less than the market.

In his latest report, the managers Hogne Tyssøy and Jann Molnar tell us which six shares they bought in the march and why.

Greater faith in Questerre
Questerre has secured a large area in one of the most promising "shale gas" sites in North America, Utica Shale.

- The initial pilot wells have yielded results far beyond the company and the market's expectations of "flow-Rates" at 5-6 mmcf / d. More test wells must be drilled to conclude on the field size and profitability, writes Holberg.

- As of today Questerre's projected share of the Utica area is in the range around 700 million barrels of oil equivalent. A good number of uncertainties remain, including the remaining test wells, flow rates, CAPEX / well and development in gas prices.

The managers believe upside is enormous "if the initial findings are confirmed and can be commercialized."