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Message: May 1, 2009 - Questerre adopts Shareholder Rights Plan

Hi expeter,

I found the time on the copic podcast for you. If you listen from 11:17 on and around 12:37 MB sais that the GIP #s ( gas in place ) are 3 tcf per section so mif you triple that for the 3 zones that becomes 9 TCF plus the royalty gas of 1 tcf gives you a total of 10 TCF. Now if you use Rocco's calculation 10TCF X min 1.00 netbacks = 10,000,000,000 = roughly 200,000,000 Shares outstanding you get a share value of $ 20.00. But everyone knows that the netbacks are much higher than that . Here's the link again for the podcast and you can scrollinto the 11:17 minute mark and listen to what they say.

http://www.newswire.ca/en/webcast/vi...



Cheers and have a great weekend

JQ:)

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