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Message: Re: fst results

Feb 23, 2009 11:40AM

Feb 23, 2009 11:57AM

Feb 23, 2009 12:14PM

Re: fst results

posted on Feb 23, 2009 12:22PM

Jinxer, great points. I think they were playing a little strategy with play. I remember the comment they made in a presentation "the juniors have to try and keep up" in regards to drilling and having money. They know exactly how big this play is but you're right, trying to choke out jrs when they aren't financially sound doesn't help their case. I do believe that they will go full force once prices firm up, but you're right, TLM is the bigger player here. Not to mention they have a lot of money in the bank. Also, TLM I remember brought in a top shale expert drilling company to drill Quebec and will continue to. They didn't just do it on their own.

All I can say it thank God our biggest share is with a company able to see this through in the time frame they wanted. I don't know why but giving a company 10 year terms to that land (not to mention for cheap) was a bit of a misplay....especially when other plays have short terms, and it forces the companies that bought them to really drive to get it into production. Nonetheless, nothing has changed for me with this play. Only the time horizon of Forest, that's all.

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