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Message: Re: Pareto on QEC 1Q - figures in line, good cash conservation

Well we asked for a NR and here is one! Thanks Boblehue for the Pareto analysis. I think one of the biggest points is the decrease in the capex to < 1$/mcf. More profit once comercialization of these wells are realized. Also love their target (who would not). I am assuming this is a 1 year target since QEC had hit a high of 30.5 NOK last spring. Interesting is that the value is down in oslo this morning. Will have to see how the Q1 report is received in Toronto.

Johnyboy

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