I keep re-reading the NR looking to see if I am missing something,,,other than the statements regarding the new partnership changes we were basically told:

Wells #1, 3, 4, & 5 are near the elephant and directional drilling is being looked at to try and hit it,,,that's it that's all for these 4 for now,,,

#2 has gas at 8275 feet, potential high pressure and not difficult to get to the pipeline and to market,,,also has oil at the same depth as #3, therefore probably same flow rate, and will be looked at further after the gas is completed,,,

is that it in a nutshell? not great but not bad either,,,does this increase the overall value of the company? I would think so as the calculations I was making was with MEO having 35%,,,hopefully Blackrock is not looking at "swallowing" up MEO and the project. Does anyone know if Blackrock is backed by the China Sovereign Fund?

constructive comments always appreciated,,,

SunSeeker