You should also look at JNX

There were 2 NR today.

One saying that JNX has an agreement with a major oil co without naming this co.

The other naming the co.( It's Forest Oil...NYSE FST closed at $52.49 ) 

What is interesting is that the major co in the deal has done previous work on the land without anybody knowing it.

That what MEO is doing...

The 2 release:

http://www.marketwire.com/mw/release.do?id=838800&k=junex

http://www.marketwire.com/mw/release.do?id=838978&k=junex

For FST:

http://phx.corporate-ir.net/phoenix.zhtml?c=92251&p=irol-newsArticle&ID=1124217&highlight=

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