Crown, you've obviously confused as to why I felt good.
- We had a deadline for test results to be released - mid-June 08
- We had confirmation that this formation - Copper Ridge - is really as big as we thought - 10+ miles in length - across Morgan County and possibly into the next.
- We had confirmation that there was one primary formation - Copper Ridge, that was being pursued
- We had confirmation that they understand the structure of the fracture network
- Oil being produced in JB#3 was NOT from the Copper Ridge
- They know enough to spend money on JB#6 - all partners would have to put up cash to drill it, without having to agree on how to complete the other 5 wells.
- All of this, and more, was said with a majority of the Board in agreement with the above.
Why should I be less than thrilled - Bill. I don't trust him. It's possible I could see enough to recant this opinion, and if this happens, I'd be happy to appologize to his face.