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Message: Re: No news of MEO from TOGA in February letter but...

Re: No news of MEO from TOGA in February letter but...

posted on Feb 06, 2008 02:06PM

Hi Fish1031,

What do you mean by "some game plan" and how this trucking business is not a viable alternative for MEO.

If they do decide to plug in JB#1, how are they going to get the oil out.

Included in this option is the station which may have tanks to receive the oil. There is not much details available to weight this option but it is premature, I believe, not to consider this one.

They may sell it after if they decide to buid a pipeline, which will take a lot longer to achieve in building it and to have the approval of all the landlord on the way plus the fees...

They may also decide to pay for the trucking of oil...

But what we dont have is the cost of each of those option, their availability and how fast it can be use depending of the plan they have in mind and that we dont know.

By the way, Tennessee had a terrible storm this afternoon which destroyed houses in Nashville( not far from Morgan high Point)

For your consideration,

Regards

ecce

 


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