Demerara -

I have also spoken with Bill and also found him to to be an upright guy. I also agree that he may have been over his head with a "troubled property" given his lack of experience in the oil patch. But I also give him credit for bringing MEO to a state of financial stability and for arranging some deals that will prove beneficial to the shareholders (not to mention bringing that "troubled property" to a state of near production).

Now the company appears to have brought in someone with production experience (which I understand is much diffferent than someone with an exploration background). That tells me that they are ready to become a producer.

I still think that the long news blackout out was caused by the problems with the property (i.e. paraffin) and the reluctance of some partners to come up with the cash. Now the agreement has been signed and the contractor has a plan to attack the geological issues that have prevented successful production.

Nothing goes up in a straight line (es. the SP) but everyone should do the internal math for the potential production (esp. if they can acheive 500/BPD output per well at today's prices for oil of their quality) The SP could move up seriously in the weeks ahead if MEO management continues to produce positive updates of the progress.

- Panamax