Bing, if shareholders knew what this reduction or elimination amounted to, then we might think it was a good deal.
(MEO says both a reduction and an elimination in their statements, so we don't know which it is.)
Mgmt has been deceptive and worse in regards to the information released about
- JB#1 - the open hole logs, the testing, the stimulation, the testing, flow rates of the oil flowing from Copper Ridge @ 3,600', etc.
- JB#2 - flow tests, and what the last $4 million was spent on.
- JB#3,4 & 5 - what is happening now?
- JB#6 - has drilling started for that one yet?