Yeah some are hypocrities, but support is better for it now than before the BAPE. This was concluded by Mags months ago. I talked with many Quebecers (from other boards) and many say they agree with the BAPE and SEA to figure it out. And most people want to know the common sense questions...if there own SEA can show it is safe, then that will be a good sign. Clearly they question the hundreds of studies before, so if they see a SEA backed by the BAPE they'll be more likely to be on board. Too bad the SEA will be used not to really study fracing but more to deliver a full blows regulatory regime and the real details of guidelines.

All I know is hearing Mr Arcand say they are sick of activists complaining and that they represent a small minority means they don't represent anything. They do get a ton of coverage.

Charest and the government aren't stupid. Quebec pays $2B a year for shale gas coming from outside the province. And not to mention a lot of oil in Quebec either. I'm sorry but there isn't a place in the world that isn't exploiting that. And your debt is 5th among countries on the planet at $225B and rising more than any other province. They know this but have to tread with caution. I truly understood by watching Charest in that video they way he said that Quebec knows nothing of oil and gas, only hydro.

In the next little while we will recieve news from NY DEP on their study, which is negative in early results. And the EPA. Both will provide a huge lift.

What I find funny is that a huge percentage of people won't even have shale drilling anywhere near them. They need to engage the farmers and they've done a solid job up in St. Ed where they have huge acceptance. Rules will definitely be in place to prevent drilling from the major cities. Also, in a presentation they said if an aquifer is polluted, that it's a small grid...it doesn't travel around. I mean it doesn't happen, but if it were too the area of damage is restricited to a very small area...I believe they said maybe just that farmers water.

Oil sands were hated in Alberta too at one point, now most have no problem here with them and they're certainly a lot worse than shale gas. I don't expect this SEA to last more than 18-22 months. They won't be studying anything anyway. Oil sands were new to us, but now our house prices have tripled and average income in Alberta is the highest and jobs are everywhere. To think, this is way up North, nowhere near our major cities...about 5-6 hours north of them.

In the meantime, Jason told me they have identified some possible new plays and they are looking for high impact plays that provide the same potential as Quebec. This is one play in my portfolio that I'll keep buying in boatloads with no problem sleeping at night. Last time I bought this low it a high of $5 and I expect it to trend higher as time goes on. Giving a giant acerage zero value is bs. We have oil and gas experts here in Alberta that are talking about Alberta finding a new place for it's gas because they believe Quebec will sort itself out.

This is boils down to nothing but a patience play.

Just have to stick it out. But when money comes back in, it def. rushes into this one as we've seen.

I'll post of any new developments if I hear anything from Jason. I usually ask them new questions every so often and if there is anything new, I'll put it up.

ps He did say the Vulcan well should be done 2-4 week permitting nice weather etc. Not sure though if they got the equipment, but I believe they do.

Rocco