MadMax -

My understanding is the same - underbalanced drilling is what they did with JB#2 to prevent another "blow-out."

It seems like so long ago (last week) when I guessed that -

"Perhaps the test well (JB#2) did its "real" job and showed where the pay zones are located. That would make the other wells "exploratory (see the NR) rather than test. They may have different targets depending on the zones MEO is seeking. "

It looks like that is what happened. And I think that it may be more pressure than 500/B a day from JB#1-hence the special equipment.

As has been suggested by others, MEO is building a circle of wells around the old Blow-out property. Each one should add to the value of MEO. I hope for $1 when JB#4 hits. When the production numbers begin to roll in....who knows.

On a sadder note, Bob Moriaty must be very sad to have sold his shares. I bet his followers are none too happy either.

As they say, you have to know when to hold 'em and know when to fold 'em. I'm holding for now!!!!!!!!!!

- Panamax