Brym,

Another great post. In regards to farmers giving permission...there has already been an article posted on here that they have accepted the Gaz Metro deal for the pipeline to run throught their land. This is of course for the St. Eduoard well and will probably tie in the Leclercville and additionally as you mentioned before I believe...the other wells in that pad (I am guessing probably another 5-6 wells) will tie in as well. Makes sense that after they drill they can start to sell it. So many people forget this is sweet gas, no need to refine it as it contains very little purities (H2S etc).

I am guessing that the regulations for the drillers will be laid out this winter...maybe around the time that the Feb 2 report comes out...this will, I have no doubt, say that drilling has no affect on the water. It will be two catalysts. Jason from QEC mentioned in an article that once all that is in place, then they can move forward.

The regulations for drilling had to come out at some time, whether it be now or later. It only makes complete sense that it is now, and it'll get a huge problem out of the way. No doubt this will also ease the minds of a lot of people as well. I think the Quebec people just want to see some legislation and guidence for the drillers. If that's what it will take to calm some down, then great...what is waiting 5 months for a project that will last 20+ years.

I just get the small feeling that cost concern from Talisman was only part of the reason. They are fully committed as they have had there VP go out to all BAPE meetings etc to get the word accross. I just feel that they would be a lot more comfortable to wait while there is some regulation drawn up and the report is out. This way they can drill comfortably knowing those issues are behind them. They're going to be in Quebec for a long time, and it really doesn't make sense for them too not have some support of the locals first...which all these meetings and regulations will slowly do.

You are right about the fact that, when a government wants it done, it will get done. When I spoke with Anela from QEC, she said that they have full government support. This is absolutely key as you said. If any province needs some revenue, it's definitely Quebec.

Leclercville, as well as the rest of the pilot wells on this pad I assume will only get better with each one. The idea is to maximize results and reduce costs...which they will. I am excited to see these results from this well. They also really need to start on a service industry in Quebec. They can't just keep fracking a single well, sending equipment back, then bringing it back etc etc. Quebec of course isn't like Alberta were you can get a rig when you want, but I am sure they are working on that problem. As Talisman VP said, it's a very long project from start to finish, so they have to cut costs. Those are words of confidence and hearing John Manzoni (TLM president) on BNN a few days ago saying that he has no doubt they will make Quebec work...but educating and removing the myths of fracking from the public is very important. He mentioned something along the lines of a mis informed public, and that'll change over time.

So what is the company doing in the meantime:

-More BAPE meetings to educate the public

-Gaz Metro pipeline talks in full swing (seems a lot of people over look the importance of this)

-Shoot seismic to identify drilling locations in the pad at St. Edouard.

Once the frac equipment is there, it won't take more than a couple weeks to complete, then a month long test. Wells are already drilled so that's good.

In that one article I read (already posted) about the St. Eduoard pipeline and farmers agreement, it will actually become the first NG well to be put on production in Quebec...making history here:))

Also, lets not forget we have $165million in cash and some other great properties. I'd really like to see what's going on in the Greater Sierra region with Encana. I know with all the Quebec hype, we forget these properties. We already had a few wells on production there...who knows, maybe they might sell them off and just concentrate on Quebec from now on. Time will tell.

Rocco