kyle25 -
Some possibilities:
1) MEO like to drill holes in TN;
2) BC is crazy;
3) BC and the management of MEO are creating a ploy to take all of our money but drilling a bunch of wells that produce 15/bpd and getting us to but more and more shares;
4) They love to spend OPM; or
5) Despite the setback at JB#2, they are going to exploit a massive area of hydrocarbons.
Well #3 encountered difficulties but drilling experts say that they can be overcome and the well will become viable. Twenty commmercially viable wells will produce lots of cash flow.They will also throw off NG. Plus they have found a deep, high-pressure resource of NG that they plan to tap in three different areas.
I like #5 - maybe I'm wrong - maybe I'm right.
Each of you has to make his own decision.
And......THANKS to (most of) you for displaying calm, rational behavior during this (percieved) setback. I hope the truly disgruntled will move on to what they believe are greener pastures. I plan on staying here to see this baby out.
- Panamax