ecce -
I wonder if MEO just likes to drill in TN or are there interested in proving up several sources of hydrcarbons. Some people would have us believe that all of this effort is for nothing and the stock is worth even less.
Personnally, I think that MEO has outlined the resource and every well from now on will be a producer. Yes, that even includes the previous wells (the mysterious JB#2 and the shut in JB#1).
Let's see, 1500/BOE a day (includes gas) times 3 wells (JB3 - 5). That seems to indicate a higher SP. I wonder what will come from JB#2? When will they bring JB#1 back on line. The potential for the SP keeps growing.
- Panamax