While it's obvious that some money may be needed to do the PetroJet completion on JB#3, and test the gas on JB#2, these don't require such an orgy of papering.
Any other company in relation to these two wells, would test, release the news, and put the wells on production. Then, use that money for further drilling and completion work.
This papering of insiders simply proves to me that everything I've written about management knowing what's under the Morgan Highpoint properties all along. From the first stock options NR on Oct 2-07 to yesterday.
Why wouldn't they, all the wells were drilled underbalanced so they could and did test all the way down. Don't believe me, read the NR's.