posted on
Mar 31, 2008 06:27AM
I wouldn't be surprised if they wanted to purchase more land and get some more infrastructure set up before they send out any more good news. The JB3 NR was an attempt to throw us shareholders a bone that didn't really work they way MEO wanted it to, so now we wait for a while I think. A long no-news period here wouldn't surprise me at all, and it wouldn't even necessarily be a bad thing. If JB2 or 4 are successful, they really gain nothing out of telling the world right away. Why not sit on it and go out and buy some more land before more buyers move in all the landowners get the idea they can turn a bigger buck? Why not get some more rigs in the ground first while you're still under the radar?