From http://www.marketwire.com/mw/release...

The MorganHighpoint # 3 Test Well, located in Morgan County, Tennessee is strategically located approximately one mile west of the John Bowen # 1 & # 2 Wells and one mile north-west of the Howard White # 1 Well. From a geological standpoint this is significant as the Howard White # 1 Well, that was drilled in 2002, resulted in a Blowout flowing over 500 barrels / hour of light crude oil (12,000 barrels of oil per day for two days) before being capped. Environmental and legal issues relating to the Blowout have to date precluded the re-drilling of the Howard White # 1 Well

From http://www.marketwire.com/mw/release...

The Morgan Highpoint # 5 Test Well is to be drilled on a parcel of land recently acquired as part of the Morgan Highpoint Project and is strategically located between the Morgan Highpoint # 3 Discovery Well and the Howard White # 1 Well.

I mentioned before that if they driil #3 and tilt a little toward HW#1 they might hit...

As you see they are getting closer...

That should answer your quest...

They need a big hit as expectation are not met and that's why SP tend to go lower.

ecce