SunSeeker -

 That is exactly the point that I made 2 weeks ago.  The current wells are on land that is "leased from a private party."  I would hope that MEO's cut would be much larger when they begin to drill on the land that they bought.

Other posteres have implied that the partnership %'s would stay they same in future drilling.  If that is the case, does MEO get a royalty (18%?) off the top fir owning the land? 18% is a royalty number that was mentioned in a previous PR.

 - Panamax