"The time is Now!" is another joke on us investors
in response to
by
posted on
Nov 10, 2008 11:05AM
Investor Inquiries: 604-649-0080
I wouldn't get too excited yet. MEO and its JV partners (Larry & Curly) are interminably testing, testing, testing.... As usual, every bit of good sounding news from MEO mis-management is offset by an encumbrance, an excuse preventing the flow of product and actual revenue. In this case, the news release quoted by the good Duncanmcl also reports as follows:
"Subsequent to a mandated ERCB (Energy Resources Conservation Board) hearing to address the placement of a 258-metre sweet solution natural gas conservation pipeline, a commingling application will be made to the relevant authorities to produce both the Brown Sand and Cadomin formation reservoirs. The hearing initially scheduled for September 30th was re-set for November 26th and 27th, to discuss the tie in of the well directly into an existing system feeding Shell's Waterton gas plant. Issues such as over land reclamation and compensation rights for landowners will be discussed and clarified and thus are expected to not have an impact on production testing in the area."
Notice that even if they resolve the issues with landowners, it is "expected to not have an impact on production testing in the area." Still not production but only production testing."
Unfortunately our mis-management has no idea how to turn a prospect into a business. I'm convinced we will never make a buck on this interesting play until the 3 stooges are replaced by one at least one competent businessmen. Long way to go.