Yes they are not spending a great deal but it is taking their focus off the other projects. Next thing they will be employing more staff to oversee it!!!
I expect we will get a presentation shortly to highlight their intentions and what projections they have.
Still some underlying buying today.....
I think Quebec is well and truly on the backburner and by the the time they get serious the gas price will be alot more favourable.Besides winter is on the way so the demand will increase.
Would not suprise me in that they get an idea of whats there with the first well and selloff a large chunk of the Quebec acreage now that there are plenty clambering for leases.
At least the current oil price has enhanced earnings and all we need is the latest production figures and we can see how the company is fairing......They should have an update on output pretty soon i would think.
Yes they are not spending a great deal but it is taking their...
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