ecce -

I am so very glad that MEO is drilling safetly (underbalanced). I notice that the story says "...Tuesday, crews digging the well hit an intense pocket of pressure causing condensed oil to spew into the air." I guess there is some oil and some "high oil pressure" in the area.

While all that may mean that there is the potential for a lot of oil revenue, you don't make money when your well is on fire. MEO's safety precautions are good for there present efforts and they may pay off further when TN is issuing future drilling permits.

- Panamax