Re: The wax issue - Part III - Conclusion
in response to
by
posted on
Jul 09, 2008 09:19AM
Investor Inquiries: 604-649-0080
seismograph -
Thank you very much for the this incredible research and the most plausible (and logical) explanation of the delays at the Morga-Highpoint project. I ask our members to look at thhe pictures of the oil flows at the MEO website. That oil is yellow (with tinges of green) which is exactly what you described in your article on soluble wax in oil.
So here is my latest opinion (colored by your resarch):
1) MEO has oil (perhaps a lot) but they have to find an extraction method that overcomes the "waxy build up" that clogs the fractures and literally stops the oil flow; and
2) Despite all of the recent rumminations about insider share price maniplulation, it would seem that the delays are legtimate and not part of some Machivellian plan. Once MEO and their contactors solve the "wax problem" the oil must flow (shades of Dune).
You didn't mention the impact of the wax on NG extraction (and I think there is a lot of NG). While I assume that a clog is a clog, it appears that the NG is in a different formation at a deeper depth. Any comments?
Thanks again for your insight. I am very grateful to have such knowledgible analysis.
- Panamax