Questerre Energy Corporation

This is a solid article...

http://www.radio-canada.ca/nouvelles/environnement/2011/03/14/001-gaz-schiste-bape-apgq.shtml

Translated:

The industry accepts the recommendations of the BAPE

Praising the wisdom of the entire report of the Bureau d'audiences publiques sur l'environnement (BAPE) on the exploration and exploitation of shale gas, oil and gas Association of Quebec (QOGA) is nevertheless concerned impacts of its applications on the activities of its members.

Lucien Bouchard

The spokesman of the association, former Quebec Premier Lucien Bouchard, recognizes that the operation was badly managed and that it should rectify the situation, particularly in terms of social acceptability, in the case. He believes that the BAPE has done a great job by requiring industry to collect more scientific data before giving the green light, but it also underlines the importance of avoiding a moratorium.

Bouchard ensures that the industry will attend the search committee, but the operation must be done quickly. He fears that the appointment of the committee dragged on and QOGA members who have acquired licenses for a limited time, be penalized by these delays. He fears that the time duration of construction thus diminishing the duration of licenses of operators.

Time is pressing, according to Mr. Bouchard, to conduct such studies, which will necessarily lead to splits. Mr. Bouchard wants the industry, while participating in contemplation of scientific data, can proceed with assessing the potential economic resource. While stressing the concern of citizens, Lucien Bouchard says there are also within the industry. Companies that have incurred costs in the exploration of shale gas in Quebec, fear of losing these investments, according to Mr. Bouchard.

Although in agreement with all of the BAPE report, the former prime minister is however critical of certain portions. Bouchard contends that the presence of sufficient gas for it to be operated profitably, is still uncertain.

Mr. Bouchard deplored the economic analysis of the BAPE that the gas industry in Quebec has received a gift of $ 5 billion in licensing. He criticizes the methodology of BAPE which transposed the situation from Alberta to Quebec to reach this conclusion. An error, according to Mr. Bouchard. This indicates that the presence of the resource was no doubt in Alberta and that the expertise and equipment were available, unlike in Quebec.