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[xanadu90]

BQI. This may be the reason for the recent rise of BQI price:

"Alberta raises royalties by $1.4 billion starting in 2009

TORONTO_The oil-rich Canadian province of Alberta said it is increasing royalties from the energy industry by about 25 percent less than what a government-appointed panel recommended last month."

http://www.poten.com/?URL=show_articles.asp?id=633&table=tMarket

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Waiting for the independent consultant's (Norwest) estimate of the last winter drilling (150 holes) of Axe Lake Discovery area (= 1 township of their ca 30 townships exploration area, ca 5% of their land holdings).

Here are the management's predicts:

Axe Lake Discovery area: Management's estimate of OBIP for Axe Lake is 1.4 to 1.5 billion
barrels and its estimate of additional resource potential for Axe Lake is 0.7 to 1.3 billion
barrels, for a total potential bitumen resource of 2.1 to 2.8 billion barrels. (This total estimate
has been rounded to 2.5 billion barrels for ease of reference). The independent consultant’s
estimate of OBIP for the Axe Lake Discovery will be completed in the fall of 2007.

If these numbers are true I'm happy. Still, the management has always been a bit conservative in their estimates...