FYI - I spoke to Austin Dev CFO at Vancouver Resource Conf and he was very enthused about Montello - they (Austin) are also staking a field in W. Africa so MEO is "just" another project to them but an important one - didn't seem any doubt about drilling next TN location but the time it takes to get all the ducks in a row is enough to drive investors to drink. JB2 production doesn't appear to be certain but the logging/testing info is deemed to be vital to pin-pointing exactly where to drill next and what to expect downhole.

MEO credibility is high in TN due to their diligence in controlling the JB2.