Cal 1,

That's a great post. Thanks for all your hard work. I don't know what you do for a living but it must be related to the oil drilling sector.

I have limited knowledge of the "oil patch", but have many years experience as a principle in a large commercial enterprise, so I understand the rudiments of business and accounting cash flows etc. well. This is what I understand about the JB#1 & 2 situation.

JB#2-- Even though we were assured we would be given the full info on what was found, we were not. Regardless, in these 7 months it should have been producing income for MEO to further build shareholder value and reduce the need for financing for additional drilling, land acquisition, etc.-- not done!

JB#1 This could have been producing for the past year and a half, producing millions of dollars to further reduce the need to sell all those millions of shares for financing, not to mention being forced to sell 40% of our ownership in Morgan Highpoint to Blackrock to continue drilling.

If I am correct in these assumptions, one has to ask the following. What has management been doing??? To say they were derelect in their duties would be an understatement. I'll say it for the umpteenth time, "There is something fishy about this"!!!