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Message: where is the bottom?

Not in the fairway. Qec will not move forward without the new legislation and the additional technical data from the remaining horizontal wells.

But Qec has plans for a well in St.Jean. That might be a positive move from Qec.

As for the JV deal with Tlm, it is like any joint venture. It requires that both companies agree to the operation. In the event that one party does not agree, the other can conduct the operation as an independent operation. They pay 100% of the costs and get 100% of the revenue from the well until they receive 600% of their total cost.

Rgds

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