Sounds right to me.  I would think they would go a lot farther than a mile if they came up with nothing.  I am pretty sure that this well is more important to us than the first two.  I'm thinking that we sold most of our interest in the first two wells to continue operations.  If they start producing we would get our operation cost paid for first so thats good new. 

Thanks for the updates Bull.  I'll wait for the production numbers before I get excited because the Madeley pretty much crushed my spirit.  For us to hit .13 we would have to be worth 130 million and we have a long way to go to be worth that.  I think that most of us will be crazy happy if we see the TRRC report for one month showing that we disposed of 3000 barrels of oil.  Thats around $285,000.  The only problem with that is we are spending 1.6 million a month on general / administrative.  Much like the government its not a revenue problem as much as a spending problem.