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Message: MEO –AGM turn around

Re:Crownroyal- MEO –AGM turn around

posted on Jun 01, 2008 08:39AM

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.

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