anyone familar with the terms of the convertible interest and the chances of it being exersized by QEC?

Questerre holds a 7.5% gross overriding royalty convertible into a 20% working interest on these licenses.

 It seems the recent takeover of Terrenex also adds the QEC's key holdings in the lowlands.

it seems QEC's other recent takeover of Magnes has also positioned them well for a Bakken opportunity! 

I see Junex....also a major holder of lowland leases uses Forest Oil as a JV partner and had one well fractured....they said it was the first in Quebec....what are your views of Junex....I'm invested and about to add QEC.