It was a good overview of the potential and what the company will be looking forward too. It was nice to get some exposure and have more people look into the gas find and the potential. He mentioned that we have a 20% interest in the find, along with the land with Talisman, so this is good that people know the role QEC will be playing. Of course this play is still a ways away, but with Forest Oil and Talisman both drilling this year, it will definantely be exciting to see what they find.
As for the stock price, I can't see it go too much lower. People realize the high potential and more importantly as Binnion mentioned, the technology is now there on how to remove the gas from the shale rock. I think QEC is fortunate to have Forest Oil who already has the technology to do this, as they have been in the Barnett shale in Texas already with huge production. Talisman have done well with Gentilly #1 and I am sure will invest more time and effort into this project after the Forest Oil finds.
It will take some time, but really a two year horizon isn't that long, and we will be constantly hearing of news reports and updates on the project to keep the stock price higher. Not to mention, lets not forget QEC's other assets in Greater Sierra and Antler...so the future for the company looks good and I can see the share price rising.
Thoughts?