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Message: Insight

Insight

posted on Jul 21, 2008 04:24AM

wow folks, go away for vacation and I see a lot of action on this board. Too bad it's not action in the form of a NR from the company.

Agoracom looking to close this hub is a shame, i hope it doesn't come to that.

Any way i had a very insightful discussion with a friend of mine in town last week. he was a assistant driller on rigs in alberta in the 80's now retired. Having no prior knowledge of MEO, he did have this to say in response to my description of events with MEO. They must know what they have. Apparently the info is there after the initial geological data ie: Siezmographs. they know this info before the bit hits the dirt. The logging info gathered while they drill tells them the depth at which to perferate the well bore The fact that they have continued drilling additional wells is very promising. i then asked why would they not be releasing the info. He believes the reason most likely is competition. As an example, he recalled working for a small junior operation one time, He would be up on the top of the rig and could see the competition, in this case the comps rig flag was ESSO. it was nothing for a large company to start putting up bigger and better rigs once the "sniff of oil" was in the air. The fact that they put well# 3 on production would indicate they can probably deal with the parrafin. His advice.... hold on.

Thought I'd share GLTA.

Fubar

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