MediaTechnics Corp (MEDT)

[sensible]

Since wantsum2 had the insensitivity to post Tracy Beeman's cell phone # online, anyone can now call him and bother him with pointless questions.

I just called him in response to your post, and here is what he had to say.

The wells were "plugged and abandoned" in 1989 and 1990, not "shut in", by the prior operator, when the price of oil hit $12 or so per barrel and the wells became uneconomical to operate. This is the entire purpose of the State of Montana's bond requirement, to ensure that if an operator abandons a well, the money to plug it is available.

Forward has bonds on both its wells and it last pumped prior to, and then sold oil, in August of 2008 and all of that is public record. Funding has most definitely been in short supply since August of 2008. Thank Lehman Brothers for that. I seem to remember something about September 18, 2008, I think that's the day McCain suspended his campaign and lost the election.

Since they took over these wells, they have drilled out the plugs, slotted the wells, and tested them thoroughly, but they need money to get into production. He has left it in Ari's hands to make disclosures to the public concerning the amount of money necessary to get the wells up and running and the time frame to do so is almost entirely dependent on funding, not work, though scheduling of certain equipment might play a role, but if funding were on hand today, the time frame would be measured in weeks, not months.