RE: Bakken Shale in US may hold 3.7 bln bbl oilanyone know if it's relevant to QEC?
I read on the PETROBANK board that QEC has some land on the Bakken formation but it remains to be verify. "Part of there play is the Quebec Lowlands but they also have some Bakken acreage."
Upon further research on SEDAR QEC documents i found this. They have land in Antler, South Saskatchewan which is part of the Bakken/Torquay formation. They are looking for light oil in that area.
Also i read that QEC did a private placement with Gastem in 2005. 1.46 mm units. One share and one warrant at .10 for each unit. So if QEC exercised the warrants QEC MAY still own close to 3 millions Gastem shares...
jy