According to an article posted 18.1.2010 First Securities lowers its target price for QEC to 20 NOK from previous 28 NOK but keeps a "buy" position on the stock.

The reason is the risk for more delays for the shale industry. Also mentioned is the company's plans to put of the acquisition of seismic and construction of a gas pipeline in anticipation of a BAPE report, the introduction of legislation in this area and the results from two horizontal wells.

They say they have adjusted their calculations so that the likelihood of commerisiell development has been lowered from 50% to 40%

http://stocklink.no/Article.aspx?id=76343 (in norweigan though)

Nothing new though which and sadly perhaps sp-driving in Oslo the past few days...