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Message: Re: Blackrock NR
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Mar 17, 2008 01:56PM

Mar 17, 2008 02:10PM

Mar 17, 2008 03:18PM

This goes back to an earlier discussion.  Just what will MEO's share be after they drill the "up to three potential wells" (JB#3-#5) mentioned in the 03/05 NR?  They are working on Southeast Ventures' land right now but MEO also owns (contiguous?) land in the area.  I would guess that they bought that land with something profitable in mind.

 I wonder what MEO's% could be in the next round. Right now the MEO share looks like this (if I recall correctly):

JB#1-100% 

JB#2-55%

JB$#3-35%

JB#4-35%

JB#5-35%?

Still good numbers.  The next good numbers should be in the share price.  That's why I brought as little more today.

- Panamax


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