Re: News Gentilly shale gas
in response to
by
posted on
Sep 02, 2008 05:18PM
(Edit this message through the "fast facts" section)
Rocco, it happens to all of us (look at where I saw support lol).
Very interesting release. There are a few things which I would like to highlight:
1. Constant pressure flow rates.
2. TLM agreeing to add another frac with possibilities of two more.
3. Considering an increase in capital expenditure with plans to accelerate the program
These are very positive for the QEC and seeing this makes me wonder why people are loosing their shirts on this thing (reference to MM's profiting on the fluctuations). TLM would not be injecting more capital if it was not looking profitable. Flow rates are very promising and like Rocco says, these numbers should increase with the horizontal frac. It will only be a question of time to see this play take off.
Johnyboy