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texasboston

08/14/06 11:19 AM

#12136 RE: silverboy #12135

Just got off the phone with Dale he confirmed that Ophelia is in production and its flow-meter and pipe are connected. Confirmed everything is as scheduled in last PR. Made a comment about people posting stuff about OG who do not know what they are talking about..specifically someone knew someone who walked up and read the flow-meter when the OG guys had released the pressure and were stabalizing the well, there for flow was way down. My general consensus was that we need to just let these guys work and finish the LOI's and rework wells etc. If that is to vague and you need more certainties than maybe this isn't the stock for you.
TB EOM
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Halada

08/14/06 11:30 AM

#12138 RE: silverboy #12135

I don't think they are playing games neither. I think they just got over zealous on what they can do. BIGN is acting more like a holding company than an oil and gas company. Lancaster will have to go to Grimes and at least keep better tabs on what is going on. Among his own circle of business men it is very important that he doesn't let the Grimes field fizzle out. The time he is spending on the LOI's now in my opinion would be better spent on Grimes. Then after he proves his success there he has a lot more bargaining power. If the Grimes field is all they say it is and it looks like it is, the feather in his hat would be quite large. There needs to be some heads rolled off at Grimes. The delays are becoming childish and this is hurting Lancasters position at the bargaining table. He must show up there in person to get this back on track or the mice will keep on playing while the cat is away. Please don't get me wrong. I beleive this company will make it big. I think they just need to take care of the business at hand because nobody else will do it for you. The LOI's should have come after at least a litlle bit of success at Grimes.