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Message: From Norwegean Forum

foghorn. Yes, I think too, that we have some waiting, but who knows what the management could come up with, maybe they keep a little for dry times:) Another thing, I think some analyst are preparing for new analyses and if we begin to see these, i also think the bigger players will begin to buy more again. I just read this from bjor78(nic on the norwegean forum): TerraM:

Questerre Energy Corp.: During investors presentation, Questerre has indicated an
increase in the upper level of the guided capex per well in the Utica play. We are about to
revise down our fair value estimate for the company. Target and recommendation are under
revision.

A little later he writes more, that he talked with the analyst and he says, that after the presentation they think cost for development could be higher. At the same time NG.prices will be higer(on their way to be higher).

He has a price-target on 29NOK until the next well update in q3. After the results they will look at it again and make a new price-target.

Personaly I think that maybe Pareto and DbN Markets could post some updates. Ok, this was a quick posting. Have good times all of you.

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