posted on
May 27, 2008 06:41AM
So what?s our revolutionlary new product? I?m sorry, but I don?t think your analogy is very apt. The problem with MEO is they won?t release any figures. They have grandiose plans for myriad wells, but no statements as to how they are going to finance them. They are oh- so- excited about their huge gas find, but haven?t done anything to complete a pipeline and get revenues flowing. The problem with MEO is they?re selling the sizzle instead of the steak. First it was elephants in Tennessee. When that didn?t pan out, it was the huge oil/gas field in Alberta they were going to tap. Since that seems more and more unlikely, they?ve started trumpeting the huge gas discovery they made in HW 1. We investors are getting tired of the bs.