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Message: The industry wishes to lower the royalties down to 2%

Good points in their Fog. The thing is, Quebec government has said that it will not stop the exploration because they would be losing huge ground that was made. It makes no sense to go through all that work for regulations etc if the resource doesn't even prove commercial. Now I think all of us on this board know that this thing is commercial, but the gov't and people really don't. It will require substantial drilling to get it to that phase, probably 50 wells or so.

So I agree all that other stuff will take time, but they mentioned no commercial development until 2014 anyway, so 2 years time. In the meantime, there has to be many wells drilled to see just what kind of flows etc we can expect to see ALL OVER the land, not just one area.

This alone will lift the stock to new highs...and then in the meantime, the government should be working on doting the I's and crossing the T's...so that when commercial phase starts up, everything will be in place.

Have a good Sat people!

Rocco

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