This is from the Globe and Mail today: The last paragraph is relevant to all the companies with acreage in Quebec.
"David Popowich of Macquarie Securities said the PQ's allocation of public funds to drill for unconventional oil is unique in North America.
He added the move is even more unusual because, unlike most unconventional plays, the sparsely populated island, known for its flora and fauna, has no existing infrastructure.
Popowich described Quebec's decision as a gamble, since no one knows how much of the oil is recoverable.
"Oil and gas exploration is just inherently risky, so it is kind of unusual that they're participating in it, but every business has its risks, I guess," said Popowich.
"There have been lots of examples of unconventional oil plays where they haven't worked out… It's not a negligible possibility that this could be a non-economic play."
Popowich, however, said the project could renew the industry's interest in Quebec. He thinks many companies were spooked last year when the government introduced a moratorium on shale-gas exploration and drilling activities in the St. Lawrence River valley."
