Oilsands Quest Inc BQI

RE: Peak oil theorists don't know Jack

[Argyll]

There is oil out there, but it's not cheap oil. They spent $100 million on this well. A production facility in the area could cost between $250 million and $500 million, plus a series of production wells at a cost of $80 million to $120 million each. This doesn't include possibly building a pipeline or tanker facilities.