If they have pumped any oil, then the wells are recompleted. These wells are not "plugged and abandoned" they are shut in (not producing). There is a significant difference. wantsum2 stated that they produced two truckloads of oil.
All of this depends on what Ari's definition of what a "relatively major expenditure" is.
IF they need fancy pumping equipment, what does that cost? Is it "relatively major"? Maybe it is, maybe it isn't?
But to go about making accusations of fraud is preposterous. Many, many people can make allegations about MEDT or ANYT or a host of other companies, the issue is, are any of the statements untrue?
Why don't you wait for MEDT to file their quarterlies or see if they don't.
All of the assumptions you have made and others here as well are just that assumptions. If MEDT is changing the ownership of the wells, they have a problem, if they aren't they don't. If they have to do extensive work to recomplete the wells, that they know about, they have a problem, if not, then they don't.
Time will tell.
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