I think that these are good points and again why there was so much optimism about QEC last year. Namely that peolple were looking at the long term potential. I would love to see a high valuation but there is still too much risk for a lot of investors to jump in. The tax-free incentive on wells coming into production by the end of 2010 is what I like the most because it tells me that my investment will be proven within the next 1.5 years since the companies profitability margin is worth so much more with tax-free wells. Not to mention the fact that QEC and their partners in this field will be trying their best to get as many producing wells on the go by this time. In short, the risk that it might not be as good as I think it will become, has pretty much a finite time-line.

Johnyboy