I'm not too familiar with Ukraine and what's going on there actually. TSU has about 400M shares out I believe. I mean for it to gain up to $0.50 would require some nice results and hopefully they get them. That would give us an extra 20M value...so more or less $0.10/share. It isn't huge, but they should really get a partner with some experience...or maybe they have one I don't know.
Any background on their drilling would be nice. I do remember like I said though that BR gave huge numbers.
http://www.questerre.com/en/investorcenter/press-releases/2008/liard-basin-shale-well-flows-at-10mmcfd/
These fracs they said were mini-fracs and acid stimulations...so I'm no expert but I'm guessing not a big frac job like in Quebec or other shale plays. Makes sense when people are talking about how they see IP's of 20-40mmcf/d in BC shales. Anyway, would be nice to see them hit it out of the park for sure...if it gets big enough with a partner it would be nice to see QEC sell them back those shares at a larger price...but I suspect that would take years.
