Re: Problem accessing Stockhouse.com
in response to
by
posted on
Apr 22, 2011 09:09AM
(Edit this message through the "fast facts" section)
In regards to the two wells that were supposed to be completed...those costs are covered by Talisman alone I believe, as earning wells. I may be wrong, but I don't think we have any costs for that so Talisman can go ahead with those. Talisman seems to be taking a good approach to this so we'll let them handle what they have to at the pace they want. Frankly this committee hasn't come together yet so we're in the dark about interim regulations and how things are going to work.
If they could honestly get to the 2000 bbls/day out of that play like they said, I would be down for that big time. With the high netbacks and price of oil, it would definitely add sp value big time. Binnion is a smart guy. Expect him to bring something big to the table while waiting for Quebec. The fact that they go Dr Faraj on this new acquisitions team means they are hunting down some other plays. It did say they are targeting some other shale play as well I believe. I keep reading articles on India and China wanting to giver hell on their shale lands and start production stat. QEC many times told me they are looking abroad for opportunities. I wouldn't be surprised to see something out of there emerge. I know that he wouldn't target Europe because nothing at all is proven and they have the same outcry as they have here...but India and China are 100% driven to go ahead (no wonder these countries have solid economies and move forward).
Anyway, I have full confidence in them to make some solid things happen.