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Message: QEC Valuations

Maybe we should start a "CapX Challenge". Dates when we think TLM or FST will increase their budgets in Quebec? Drilling equipment is easy to get your hands on these days but as oil climbs higher we can expect that situation to dry up, so TLM and FST better get a jump on it if they have plans to increase their budgets. I honestly think that they don't want to fast trac anything right now because a missed step in the process could mean missed millions for the company and investors down the road. They seam to be getting the hang of the rock properties in this play and the drilling results will only get better as time goes on. Even if they don't increase the budget this year you can expect a big increase early next year as they move to take advantage of the tax free wells.

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