seismograph,

So you recommend what MEO did, Sit on it for a year and a half, when they could have mave made millions to use to grow the company?

They sat on it so they had to continue to dilute by millions of shares and then be forced to sell 40% to Blackrock for 1.25 miliion because they were starved for cash. So now what do we have now? A company with close to 190 million shares and only 60% of what we had? You really think that's the way to grow? No thanks.

Besides, who says an oil co. can only have one field. Take a small driller and producer like TIV. They are growing like mad with about a half dozen fields. When they find something they don't advertise it, but they produce as quickly as they can, and they are becoming a cash cow. By end of the year they will be producing 9,000 BOE, with plenty of cash to grow the company.

What caused the huge difference between TIV & MEO? Clearly management decisions.