According to Tom, Mesa has oil and gas but the primary reason EDEX goes there is to test 1 TRILLION cubic feet of gas because thats the MAJOR prospect.
rxgator, re: oil and/or gas at Mesa. I see you have been told correctly that we have been told that we are looking for both. In my direct conversations I have also been told that. Heading for the gas and continuing another 1000 ft to see if the big puddle of oil is also there.
The numbers I've heard on the potential of oil rival on raw revenue numbers the projections of gas so I love the idea that we have a second alternative for success or in another way we have two chances for success for the price of a bit more than one. I suspect that management which is pretty conservative in most of its activiites doesn't want to play up such possibilities in its PRs at this point. Time will tell and that time is coming SOON!
As you see from the meeting clips they believe enough in what they are doing to be assembling additional leases forming a couple of additional major ventures in New Mexico where they feel similar opportunites are present...gotta like it!
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