QEC holdings valued at 4 billionFrom April 11th news release quoting Questerre
Based on some of the Canadian-based research on the play to date, he said the size of the resource is being estimated between 24 and 30 trillion cubic feet of natural gas. That compares favourably with the estimated 15 tcf being touted at another hot zone for natural gas, the Montney Shale in British Columbia. Questerre executives are currently in Europe touting the company and during a presentation to investors this week estimated 2.5 tcf net acreage of recoverable reserves. Based on the current market value of about US$1.50 to US$2 per thousand cubic feet, that equates to roughly US$4-billion in potential value. Mr. Page says investors are also attracted to the area because of its proximity to eastern markets, which nets producers a price premium over NYMEX prices of greater than US$1.