Questerre Energy Corporation

14k$ per acre would be a rather good price..

Discussing a potential take-over at this point does not even remotely make sense.

Ultimately the price per acre depends on how much value you can pull out of the ground vs. the value you put into the ground. You would want high natural gas prices and low production expenses i.e. a low break even price.

We are still in the early stages of the Utica play which is less defined than for instance the Eagle Ford and Marcellus shales. Therefore, you can't superimpose the land prices of the Eagle Ford or whatever to the St. Lawrence Lowlands - not at this point as many factors are still unclear (regulation, production, royalties, natural gas price, operating expense etc) impact the land prices.