The latest PR strikes me the same way.  Why bring in an expert in infrastructure if you have a"dry hole?"  I don't think that oil companies build an infrastructure to suck out dust.  And make no mistake, I think that MEO is becoming an oil company (not just an exploration company).

It looks like the loss of a "shaky" JV partner and the addition of a more stable source of funding has started to move things along again.  The upcoming declaration of hydrocarbon content should set up the first new high ($1.00?) and as other TN targets are identified, and drilled, the price should continue to rise.

It's a great time to be invested in oil (and gold).

Panamax