The news from QEC was presented in this way in Norway today:
"Stock Day open catastrophically bad for the gas company Questerre (QEC), which falls around 10 percent from the start after being notified that the key project in Quebec to be postponed pending a new environmental report and petroleum law.
Questerre has recently phased out all other projects, and exclusively focused their resources on getting started production in Quebec.
The company has previously indicated that the production start of the project will be in 2011, a goal that now seems to snap."
Google translation
Lot of worries, but much of the loss has been reduced during trading session. I guess its about 6 % now.
