A blurb I posted on stockhouse

I last picked up shares of ATI a few weeks back in the $2.80 range (which increased my avg cost basis) prior to the recent sell-off. One point that I think investors are still missing since Questerre has not been shy in touting it's wonderful "fairway" position is that one of the two discovery holes drilled by Forest Oil (Becanour #8) was drilled north of the Yamaska fault. Questerre likes to claim that land north of the fault isn't as prospective (so would I if I didn't have any LOL) yet one of the two Forest Oil discovery holes was just north of this fault. Although Altai has land both north and south of this fault most of the land is north of it. What is also lost is that most of the Forest Oil land they jv'd with Junex is also north of the Yamaska fault. Why would Forest Oil take in the majority of it's land that Questerre says isn't as prospective? Good question. Maybe Forest Oil knows a bit more than Questerre in this regard? The Utica structure north of the Yamaska fault is closer to the surface which Questerre claims isn't as prospective. Yet one of the main reasons Forest Oil mentions in their presentation as to why the Utica play may be better than the Barnett play is the relatively shallow depth of the Utica shale. The Utica shale is much shallower north of the Yamaska fault than south.

Maybe investors are starting to figure this out evidenced by Altai's share price out-performance compared to the other three horsemen over the past few weeks. Forest Oil certainly thinks the land north of the Yamaska fault is prospective and they certainly qualify as a "Major Oil Company" as mentioned by Altai in their new presentation on their website.