Breadnight

Something's Brewing at Oilsands Quest Inc.

Yeah, I failed to mention that I am a consulting geologist in the mining industry, and I soundly ditto 'lurking turkey's' comment.

I will look into Connacher O&G, I have never heard of them. I just have my doubts in the in-situ recovery method. I have never seen production data that indicates it to be economical.

Additionally, investors should ALWAYS be suspicious of junior mining/mineral companies not listed on the Toronto Stock Exchange -due to the additional resource/reserve reporting requirements.

Something's Brewing at Oilsands Quest Inc.

Without doing much research on the issue, I believe the bitumen recovery for the in-situ mehtod is approximately 20-25%.

I know that the in-situ recovery method is in use today, but I don't think it is a major precentage of any oil sands operation. Instead, it is viewed as a new technology that will eventually be needed, but not for some time. Therefore, it is in use only for research and development purposes.

If anyone has some numbers and links to an oil sands operation that is actually using this method -for profit, please provide. If any productivity data is available, that would be great too.

Something's Brewing at Oilsands Quest Inc.

I've got a few problems with the long term outlook for this company. First and foremost, has the in-situ revocery processes been proven to be economical?? And, if so then what is the price per barrel of oil that makes this process economical??

If you're looking for a pure momentum trade, best of luck. But, if you're looking for a good investment in an oil sands play, pick a company an hour west of this one -that is already mining bitumen at a 1:1 strip ratio.

If someone has some insight to my first 2 questions, please provide... I have been wondering this for some time.