Definitely right there Billt5! The enthusiasm for the Utica Shale seems to be gaining momentum in Canada yet no "buzz" here in Australia. I think the results from Questerre due end of this month should put some light on what we can expect from the Utica Shale. It will be interesting to see whether the rates required for commercial success will be reached. "Questerre needs to see rates of at least 1.5 million to three million cubic feet per day from each well to declare commercial success." as quoted from the report. Also interesting will be the report due this week from Canadian Quantum. The report from Netherland, Sewell and Associates Inc., will provide a comprehensive analysis of the Company's Utica Shale assets underlying its 50% owned Nicolet Permit, located in the Lowlands of Quebec.
MPO Price at posting:
$1.09 Sentiment: LT Buy Disclosure: Held
