RE: Permits dont mean they have gasThe lowlands have been established as gas bearing for quite sometime now.... I would assume the majority of the best lands have been spoken for. You have to remember these companys are dealing with millions of dollars here, I think they would have snatched up XT's land if they even had a sniff that there was gas under it. You can't be blind to these things.... clearly a company like talisman or forest would have had geoligists all over this area.
You can't compare XT to QEC and you can't compare XT to cqm.h because cqm.h had their lands years ago, they were just in a dispute over them.... so the two companys are in very different positions. Comparing XT to JNX is a joke as well. You guys should be careful with this one.. you could see a lot of the excitement die down real quick.
One last thing... enough with the comparisons of market cap, the area isn't even close to being advanced enough to do so.