Minutes from the presentation:

- anyone concerned about current gas prices should be. QEC is only interested in what prices are going to be 5,10,30 years down the road.

-QEC gets NYMEX +.50 so todays price would be around 4.50 CDN and we're profitable at 3.50 CDN

-testing St Eduoard welll with TLM right now and should have results by end of June.

-results we're publishing are stabilized results compaired to initial results on other existing shale plays. Our initial results on some of our wells have been 6,000,000 mmcf/day

-Lowlands play is starting to look predictable and repeatable.

-TLM has confirmed 2 additional horizontal wells will be drilled this year or next year.

- we will be doing 8 stage frac wells in the play.

-MB feels that there will eventually be 1000's yes 1000's of wells in the play which should bring the average cost of a single well down to around 100,000 yes $ 100,000 loonies.

-Looking for a partner in Liard

- we have the expertise to prove up the geology in the Horn River and we expect to get a partner once we have done this. MB mentions Petrocan and Suncor

All in all a great presentation but nothing we didn't already know but for those that have a hard time finding time to keep up then this gives you some insight about how things are progressing with the company and their assets and I guess YOUR assets. He also mentions that the oil production is ramping up again which will bring us more cash flow since the OIL price is doing well again.

Have a great night.

BCQEC