Questerre is today trading at 5,25 NOK at Oslo stockexchange , down another 3,3 %.

What a disaster this has been for the investores who bought new stocks at 24,80 some time back. These remaining money are the main value in Questerre at the moment. And it's all a result of great politival risk which was hidden or unknown by most people at that time.

Clear to us all now that Quebec is a special place on mother earth.

Perhaps QEC can keep going with oil production for a while - even though the reserves are not that big. But without Utica-production the company has no chance to really recover.

I had to quit long time ago to protect my savings. Thats how it is. Then we have to see what happens with Utica in the future.

dmastercard

I don't want to be inpolite about quebecers really, in fact I had a nice girlfriend from Montreal once upon a time, cause we met and travelled in Europe together. Her parents were ukraine. But I never went to Canada myself cause of economic reasons.

About Qec, there's this political risk involved and can't we know for sure the industry will succeed. I read about the ban of oil exploration in the sea following the same pattern as this shale gas debate.

One other aspect is to be delayed. There's a huge development og gas plays in North America, and if you are late, your main role will be pressing the price of gas even more down below the line of profit. That's even a problem today.

So what Questerre should do - is to go other places than Quebec, like Ukraine together with TSU, India and other provinces of Canada like Antler where they are producing light oil which is very well paid.

The Utica gas won't disappear. Perhaps 10-15 years from now it could be more interesting for people of Quebec, but we dont know for sure.

dmastercard

Its important to listen to the "locals" so I now decided to take a break from this forum cause I take a break from Questerre-shares - at least for a while.

Quebec-people are quite "hardheaded" when it comes to politics, it seems to us foreigners, and if they don't want to make income and royalties on shale gas, noone can or should force them to do so.

I guess quebecians like "oil-money" but most if they are transferred from Alberta or some other province through federal budgets.

So there's a policial risk involved which has been underestimated by me, and now gives me the conclusion to sell my shares and invest in other papers with better outlook.

I have a loss now from QEC, but I don't mind cause in this game it's give and take, and my other papers are mostly good.

When and if the political winds are changing and quebecians want shale gas, I will perhaps invest again in Questerre, cause its really a well run company.

Also this forum is very good compared to many others.

Good luck to you all!

I think in Norway its "scientific" to prove reserves and flow rates ect. But I dont know about Quebec :)

If there should be any fracturing only for environmental purposes, it`s obvious to me this must be done by this EES alone or paid by EES. But if its a combined study of reserves and environmenal effects - it could be done by the companies, of course.

TLMs planned two fracture tests in 2011 - as long as they are not purely commercial and are meant for production, they have a scientific goal.

To me it seems "halt" is not the correct word. But they wan tto "go slow. But not a fully stop in fracturing so far as I understand the matter:

http://translate.google.no/translate?u=http%3A%2F%2Fwww.cyberpresse.ca%2Fenvironnement%2Fdossiers%2Fgaz-de-schiste%2F201103%2F08%2F01-4377060-le-bape-recommande-une-vaste-etude-environnementale.php%3Futm_categorieinterne%3Dtrafficdrivers%26utm_contenuinterne%3Dcyberpresse_B4_manchettes_231_accueil_POS1&sl=fr&tl=en&hl=&ie=UTF-8

Just a follow up. It's obvious Mr Bouchard is a great man for the gas team, a person who can explain what shale gas really is about. Just read this comment from a sceptic journalist:

"Still, in an interview Thursday at the show 24 hours 60 minutes, Lucien Bouchard wanted reassurance. Without saying it has reached its goal, we can safely say that even just one hour speaking on behalf of the gas industry, Lucien Bouchard more informed and reassured Quebecers than Jean Charest has been able to do in a year on behalf of the government. "

The whole article: http://translate.google.no/translate?u=http%3A%2F%2Fwww.cyberpresse.ca%2Fle-soleil%2Fopinions%2Feditoriaux%2F201102%2F25%2F01-4374164-le-negociateur.php&sl=fr&tl=en&hl=&ie=UTF-8