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Questerre update on Quebec Utica play, sendt 16.04.2009


8145 adamjus 17/4 2009 12:46
Oversigt

For dem der ikke skulle have modtaget/set denne information

"We are pleased to inform you that Michael Binnion, Questerre Energy President and CEO was recently interviewed by CBC News. This interview will air today on CBC News Business (ch.15 in Calgary) at 4:30pm and again on CBC News (ch.6) at 6:00pm, Calgary local time.

Please tune in to get the latest on the Quebec Utica play, and hear what Mr. Binnion has to say about the current commodities market.

To view the clip after it has aired, please go to http://www.cbc.ca/newsatsixcalgary/ and hit “Latest CBC News at Six Newscast”. It will be available for 24 following its airing"

God weekend til alle /Adamjus




17/4 2009 14:52 Hegu 08156



Så rykker den pludseligt. + 5 %.

Med venlig hilsen

:)Hegu



17/4 2009 18:56 kpm 08177



En har skrevet om det han kan huske da han så det, så I får det her(har lagt det på EI):



I watched the interview on CBC Newswolrd yesterday @ 6:30 Est. (Program - CBC:News Business).

They did a short piece about natural gas in Quebec. I did not hear anything new and it was mostly a brief review of the SLL natural gas play.

The host talked about Quebec’s abundant hydro electric power and how the find in the SLL could make Quebec self sufficient in natural gas as well. It was explained that new fracturing technology, which has unlocked natural gas in shale formations in the south, could be used to recover gas in the SLL.

It was stated that the fracturing technique will need to be modified and may not work, but if it does the rewards are great. Binnion talked about 13 wells have been drilled, some good some bad, and that 20 are needed to determine the economics. He stated that the top half of the wells need to pay for the bottom half plus profit.

Joseph Schachter made an appearance and commented on gas metro's desire for the play to work are supporting development. Binnion also commented on the possible delays caused by the economic slowdown and reduced budgets. The piece concluded with them saying that questerre has major partners, 50 million in cash, and no debt and is willing to wait for the payoff.

This is what I can remember and may be inaccurate. Please feel free to correct any mistakes or omissions.

DT.



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