I'm not going to go into the BM article controversy. Everybody has an opinion and I expressed mine to BC in an e-mail (which he replied to within 2 hours).

He did also state (and these are my words NOT his) that MEO had been waiting for some finances and that he thought the purpose of being in a partnership was to be able to work with your partners when they needed it. I know that "business is business" but I guess we have all needed some slack at some time in our lives. I like the fact that BC is showing loyalty to his partners.

After a day when the volume tripled (on the heels on a very negative article on MEO and their CEO) the price only dropped 1/2 of a cent. There must have been a lot of people that choose to use this as buying opportunity (I did). Maybe, as BM and others suggest, we aren't too wise. Or maybe we are. Time will tell.

If you recall, I suggested last fall that TN could become a well field. And now we get word that MEO is drilling JB#3 as a "exploratory" well that is offset to JB#2. I guess hiring those experts in directional drilling (I just can't recall their name) has paid off.

- Panamax