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MEO AND THE BLATHER ON OTHER BOARDS

DISCUSSION STARTED BY: jamster123 - November 20th, 2008 - 5:16 PM
jamster123
+318-22

 

Good Evening All,

The markets are in the tank with nothing positive that I could gather for any short term upside.  The DOW closed today at approx. 7552 a 444 point drop.  Oil was at the $49. and change area as well.  Gold closed at around $760.  I know that many of us at least read other boards even if we are not members and post on them.  There are a lot of laughers out there posting nothing but pure garbage, about not only MEO, but anything that seems to grab their fancy on any given day.  They tend to be indiscriminate with regard to the type as well as the amount of slop they sling.

Where are all the players (I have read many of their posts) that have made outrageous claims of huge amounts of revenue to the tune of $83-85 million kazillion dollars a day by little ole MEO, gold in the $2000 range and on blah, blah, blah... A bunch of the posters would rather discuss legalize issues on how to proceed in attempting to disembowel corporate front office people rather than the state of the North American and yes Global calamity that we all are confronted with.

The US policy makers, (Is there an 'honest one' in the whole lot???) would rather bailout the very institutions (financial, insurance companies) and quite possibly the big three automakers that have caused this sad state in what I consider to be the greatest country in the world.  Corporate greed has indeed peaked in the last several years and now we all must pay the piper for their cash and perk gorges that they thought was their entitlement regardless of performance. The markets IMO will ride 'The Big Bear' possibly until the at least the second or early third quarter of next year.  The lights have been off for some time and the party is long over.

On a lighter side having read the newswires:  It appears the only way to make a buck or loonie on oil these days is to be a Somali ship captain fishing for super tankers. 

Have a great evening

Jamster

 

BY: vanity9 - November 24th, 2008 - 11:25 AM
vanity9
+136-21

Re: MEO AND THE BLATHER ON OTHER BOARDS

Forgive me slasher, but I am unaware of any tensions between Ukraine and Russia. Can you supply a link or a quick synopsis. I think Iran / Venezuela could provide some near term tension for the world oil markets. Can you imagine the atmosphere at the Merc in New York these past 3 or 4 months. How many fortunes have been lost, I don't dare imagine. Oil is indeed due for a rebound, which we are seeing a preview of today up $5 in one day. Amazing. If the luck of this small oil company changes , I do believe many people will be shocked. Luck and hard work don't usually come without the other.

BY: palmdesert - November 24th, 2008 - 10:03 AM
palmdesert
+125-33

Re: MEO AND THE BLATHER ON OTHER BOARDS

People are acusing management of things and this whole tight hole status. We need to be patient on this one. A lot has changed, but the reason we invested remains the same from where I'm sitting

people seem worried at the announced financing, but advancing is the only option at this point.

BY: yuri71 - November 23rd, 2008 - 1:42 PM
yuri71
+226-29

Re: MEO AND THE BLATHER ON OTHER BOARDS

Yes. Let's hope there is no regulatory issues 6 months until production would be great.

BY: slasher10 - November 23rd, 2008 - 10:25 AM
slasher10
+139-13

Re: MEO AND THE BLATHER ON OTHER BOARDS

finally some good news,,,,,,,,,, with any luck we got 2-3 weeks before the xmas break for some testing to get done, dont guess it will be finished by then but there is always next year. possibility of production in the next 2-6 monthes depending on regulatory hurdles as we still have to build a pipeline, hopefully the income will propell the next well to production.possible increase in oil prices very soon could get us back above water. the situation between ukraine and russia might wake up the oil markets.

BY: jamster123 - November 23rd, 2008 - 7:00 AM
jamster123
+318-22

Re: MEO AND THE BLATHER ON OTHER BOARDS

Palm,

Per your post:

What things might people be looking for that are not there?? You mentioned motives. What motives are you referencing?? Your post does not make any sense to me. Maybe the other posters might be able to help in understanding your direction.

BY: palmdesert - November 22nd, 2008 - 3:08 PM
palmdesert
+125-33

Re: MEO AND THE BLATHER ON OTHER BOARDS

Why are people looking for things that aren't there. What motives exist??

BY: palmdesert - November 21st, 2008 - 4:09 PM
palmdesert
+125-33

Re: MEO AND THE BLATHER ON OTHER BOARDS

It looks like things are going forward in a good direction.

BY: yuri71 - November 21st, 2008 - 9:43 AM
yuri71
+226-29

Re: MEO AND THE BLATHER ON OTHER BOARDS

Jamster - what do you make of the NR. Why the sell off today. We could be very happy campers before long if they hit.

BY: jamster123 - November 21st, 2008 - 8:47 AM
jamster123
+318-22

Re: MEO AND THE BLATHER ON OTHER BOARDS

Good Morning All,

MEO news release late last night. It might just be the start of a long sustained period of production and further exploration in the area IMO.

Nov 20, 2008 22:25 ET Montello Provides Update on Tennessee and Announces Small Financing CALGARY, ALBERTA--(Marketwire - Nov. 20, 2008) - Montello Resources Ltd. ("Montello") (TSX VENTURE:MEO) is pleased to announce the commencement of operations for the testing-completion of the John Bowen #2 deep gas zone. The rig arrived on site November 18, 2008. Montello is also currently involved in projects in Alberta.

Montello also wishes to announce a non-brokered flow through private placement unit financing consisting of up to 1,550,000 units priced at $0.31 per unit. The unit is comprised of (4) four non-flow through common shares, (6) six flow through common shares for a total of 10 common shares as well as (10) ten common share purchase warrants exercisable at (5) five cents each, with a one year term.

The proceeds of up to $480,500 from the offering will be used to develop Montello's oil and/or natural gas prospects in Morgan County, Tennessee, and advance exploratory-completion activities on our Alberta joint venture properties.

If all common share warrants are exercised it would provide the Company with additional gross proceeds of $775,000.00. Sixty percent of the proceeds received from the sale of the flow through units will be used by Montello to incur qualifying Canadian exploration expenses, which will be renounced in favour of purchasers for the 2008 and/or 2009 taxation year depending on closing.

The purchase price of the flow through units will be allocated as to $0.03 per common share, and $0.001 per common share warrant. The closing trading price on November 18, 19 and 20, 2008 was (3) three cents per common share on the TSX Venture Exchange.

Finder's fees of up to 8% may be payable in certain instances.

The foregoing is subject to regulatory approval.

ON BEHALF OF THE BOARD OF DIRECTORS

Montello Resources Ltd.

Peter C. Brown, President-CEO

Have a great weekend

Jamster

BY: Gooberpeas - November 21st, 2008 - 8:12 AM
Gooberpeas
+30-3

Re: MEO AND THE BLATHER ON OTHER BOARDS

There is no doubt that there was a great deal of undue speculation, greed and associated mischief in markets, financials, business and government (Hi Chris Dodd & Barney Frank). But lots of little people helped also who ignored warnings about overloading on debt.

Now we have the media telling us each day how bad doomsday will be tomorrow. We are rushing towards the great depression they say.

I have only one answer for that. To paraphrase a famous general in WWII, "NUTS"

By mid 2009, all the talking heads will be telling us how they spotted the bottom in December, 2008.

Cheers

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