Fish, if the well isn't capable of being produced, then why was this information released.
Looks to me like they got great flow after the workover. If not, why rush out and buy more land?
MEO NR November 9th, 2006 In late June/early July we re-completed the TexFlora (John Bowen #1 Well) in the Sunnybrook/Nashville group formation. With this workover we accomplished a cased and re-perforation of the zone of interest, and acid wash and squeeze. The well responded with encouraging pressures and initial flow rates prompting the Company to acquire the Blowout lease project. The Texflora Well was subsequently shut-in and remains shut-in.”
MEO MD&A to October 31, 2006, released January 18, 2007 “At the end of June 2006, the Company focused on reworking the “Tex Flora Well” (officially known as the John Bowen #1). Upon re-completing and commencing evaluation for the economic potential, Management felt it prudent to immediately commence negotiations on the “Blowout Project Lands”.