Re: Mr. Binnion in Oslo
in response to
by
posted on
Mar 02, 2009 07:25AM
(Edit this message through the "fast facts" section)
Hey guys,
Great presentation. Not going to say too much, since JQ covered it. If you're serious about QEC, watcht the presentation!
One other thing, I think a lot of ppl are underestimating the Liard shale. Maybe it's Quebec overshadowing everything. 5mmcf/d on production (10mmcf/d initial), very first well drilled after using Quebec info...that' pretty amazing. I think we're going to see some pretty solid upside from that play as well. They said they will be looking for a partner to help them out even more.
Anywho, lot of confidence coming from the company. The presenation is a must for getting the right idea about what shale plays are about the learning curve.
One other thing of note, is that Canbrium paid $2000/acre with it's partnership with Petroolympic and Gastem. Mr Binnion mentioned how he isn't pleased with the SP. He makes a good point, because QEC's land is definantely of higher quality being on the fairway, and it isn't trading at $2000/acre. If it were valued at that, we would be over to $3/share.