Re: F%$% Stockhouse
in response to
by
posted on
Dec 20, 2007 02:20AM
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I don't believe JB2 is a failure as the aim was not primarily to find oil.
Correct if I'm wrong but the main purpose of drilling to the Rome formation was to gather a better understanding of the geology in this area since that information was not available in this state.
What they wanted to know is if there is a kind of underground connection that allow oil to connect from one area to another.
If they can find that out, that will allow them to connect to the source and have a better control of productive wells.
Nowaday, they have sophisticated instrument they can get down to read underground formation and, from that information, deduct conclusion as the best path to go.
I've been also on Google map to see how far is Overton near blow out, Fentress oil well and Morgan High Point, there are not far from each other.
I've been reading on people leaving in Tennessee, particularly those leaving on potential oilfield land. They were and still are sollicitated by many people, some unscrupulous with many promises not fulfilled, they are now cautious.
All this make me confident the way BC steer this venture in Tennessee as we alrerady know there is oil in the land MEO has.
I have not sold any of my shares and I will probably buy more depending how my other investment go.
As for the other forum, it's astonishing what can be read. I do not participate in discussion like my father is stronger than yours style of.
Merry Chrismas to all of you and be careful during the holiday
ecce