Fish, reality may be a hard leap for you in terms of JB#1, but that doesn't make the facts I've presented incorrect.
if you review the NR's and the MD&A's that I posted, you will see extensive evidence that MEO produced significantly more than the 800 bbls/day that the engineering reports originally showed the well was capable of. You will also see the technical reasoning for MEO to do the workover. Austin's NR's also reveal the extent of the improvement of the flow in JB#1.
In fact, part of my point is that MEO could have had the well on production for the past 1.5 years, earning revenues, rather than diluting shareholder value with more private placements, and giving away 40% of MEO's ownership in the Morgan Highpoint lands to Blackrock or chump change of $1,25 million.
For MEO to be looking in JB#2, for pressures and flows that they found in JB#1, which were similar to those in the Howard/White #1 Blowout Well is indeniable.
If you still wish to dispute this point, then please explain MEO's actions immediately after the post workover well tests. Why the rush to secure the 253 acres so they could drill 3 wells, and why spend about $12 million drilling 4 more wells?