Conversation With Doug Brett I had a very nice talk with Mr. Brett on Friday afternoon, about 20 minutes or so. He is a very good orator and is still extremely enthusiastic about the long term future of CQM.
We talked about the Gentily 2 well, and how it is capped and ready to roll as soon as a pipeline becomes available - The only problem is that the closest pipeline is about 17 kms away, and that at this point it is not feasible to run a pipe that far for just 1 well. His plan is to drill at least 3 or 4 more wells in a line generally towards the main. This would create a situation suitable for hooking all the wells in. He has no doubts that there is enough gas to justify this position on the Gentily site.
St. Gertrude is ready to be fraced and was supposed to be last fall, however the outsourced company had their own problems which set the date back - and then this whole moritorium prevented it from going forwards on schedule. He also seemed very postive about the future of this well too.
The Bigoray has been working out better than anticipated for the company, this will be leading to an expansion of the work being done there. This project started as merely something to placate the shareholders but has turned into a project that they are excited about pursuing and will maintain even after the moritorium gets lifted. I got the impression that at some point they may spin this area for income once it becomes fully operational and maximised to help fund the shale play... since afterall is said and done that is the companies focal point...
He is "up to the minute" on what is happening in the shale areas all over north america and is optimistic about it's future. "The US, specifically Pennsylvania, where the complaint was that companies were allowing natural gas invade water supplies - is being found as unsupported. The investigations are showing that aquifers near shale have natural occurances of ng." (perhaps not verbatum, but that was the just of it). He also said that Quebec lacks the long term experience in dealing with shale gas to understand it properly amd create their own findings so they expected to follow the findings of NY and PA..
I would like to thank Mr. Brett for the time and conversation he allotted to me, and I very much look forward to talking to him again. It is very refreshing to deal with someone who is still so enthusiastic about their job..