Re: Utica shale LOI
in response to
by
posted on
Apr 27, 2008 06:12PM
(Edit this message through the "fast facts" section)
First off that was brilliantly written man. Well done.
If you watch this video, Mr Binnion mentions how because that land was QEC's and they farmed out, they don't have to pay and they get the results. So that's where I got that from. Of course, it is a bit vauge, because is he talking about just the original horizontal drilling, or everything.
http://tv.hegnar.no/index.php?mode=v...
Whatever the case, QEC is in a huge position here like you said and things are looking great. Not to mention, just wait for the Talisman acerage...which is 1 million acres and we have somewhere ~300,000 net acres to QEC....so the potential is huge.
Also, one thing to note that Mr Binnion says is, that they are SURE that the gas is there, that it's commercial, just dont know how big it is!
Keep the great comments coming guys!
I have sent Jason an email on those other vauge points in the NR's...he'll get back to me later because I know they probably have a lot on there plate right now in the way of presentations etc etc.
Rocco