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Message: Hi guys

So I asked Jason about the Liard play, just to get an indication of where they are and what flow rates they expect, even though it's to early to say and I also asked about a possible share buy back.

We’re in the early stages of the Liard shale play and not in a position to speculate on flow rates. Flow rates will ultimately be determined by the test results and whether new technology can improve them, based on our analysis of the data. Our existing infrastructure at Beaver River allows us to bring on additional gas at minimal marginal costs so our breakeven gas price would be quite low compared to other gas plays. For example, our third party transportation and processing charges are approx $1.00/mcf with royalties of 20% on average.

Yes, as we indicated in our 2Q report, a share buyback is under consideration. However, in these markets, cash and liquidity is at a premium and we are carefully evaluating all our investment decisions.

Jason

Rocco:)

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