Replies to post #437 on Mesa Energy Holdings, Inc. (fka MSEH)

[biztech]

germanium123---I was trying to makes sense of your reply to Bobwins but I am alittle confused. Sounds like you are saying that production hasn't really increased?

Also, would like to point out that insiders did not pick up shares, those were options that they received as part of their compensation package. They have the option to purchase at .145.

Somewhat positive to issue options at that price which happens to be right around the convertible debt conversion price.

I don't think anything spectacular will come from the 2nd Quarter and think this is just a waiting game to see if they have a plan for the next milestone.

Recompletions haven't really produced significant increases with one ending up as an expense with no return (if memory serves me right).

Hard to know what has happened since April 1, 2012 since the company has not put out any info. They report monthly an estimated amount of BOE to the state but those are "estimates."

So, the level of success they have had Quarter over Quarter will soon be available (hopefully in July well ahead of deadline).

In the midst of anything positive, one must consider the rumored global financial crisis, lower GDP growth rates in the U.S., China, and India. Also, there appears to be overproduction of oil putting downward pressure on prices.

I was hoping to be out of MSEH by May, too late! In for the long haul now!

Good luck

good luck.

[cleverrox]

I'm expecting recompletions to add 30 bpd per recompletion with an upside for more. The flow rates were deceiving but now that everyone understands the flow rates aren't representative of what will be added to production I think people will expect something more in line with reality.

Every production increase at this point goes straight to the bottom line. It wouldn't take a lot to get the EPS to $0.03 a share per Q.