Quote:
Originally Posted by leilomo
yep, thanks to your making us aware...did some dd and picked up some at $1.00.
saw the news release today; one thing i don't really understand is how junex (cqm's 50% partner) went up like 12% where as cqm only went up like 7.5%. i think theres definitely more room for cqm to go up, but in this market, who knows.
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Don't quote me on this, but JNX also owns quite a bit of land on similar grounds as the Nicolet permit that was assessed at just over 8 TCF of nat gas.
Not to mention, JNX has a lot of working capital and shares of both PEA-V and GMR-V. So it isn't surprising to me that JNX moved up more, being that they have more upside potential than CQM.
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The potential that CQM has is significant, Questerre's report had a best estimate of about 4 ish TCF, but don't benchmark QEC to CQM, QEC has other projects in the works.