Re: JB # 1 - Clarification
in response to
by
posted on
Jul 08, 2008 06:58AM
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Bing, so you think that "MEO is still in the hunt"
Are you really saying that MEO's mgmt is so thick that after spending $12 million to drill 4 holes, logging and testing 5 holes, and wanting to drill 23 more, @ $30-40 million, that they don't know what's down there?
You may have convieniently blotted from your mind my AGM notes, in which I said that according to Peter Brown, MEO " has a very good understanding of the formations and structure of the fractures."
Doesn't sound like someone inching along the learning curve.
Bing, you can't have it both ways. Either MEO mgmt are very smart and capable, or they're really stupid, after all that has been done.