Andrew V. Reid, Chairman & CEO of Treaty Energy Corporation, stated, "When the Company initially started Treaty Energy Drilling, the Company believed that it would be more cost effective to drill its own wells. However looking at financials earlier this year, the Company decided that the best course of action would be to use the experience of Treaty Energy Drilling to drill wells under contract to third parties to diversify the revenue stream and bring in additional capital to the Company."

So Treaty can't cost effectively drill wells for themselves but can do so for others???  I can't see how this is possible.  Market doesn't seem to impressed with it either.  For those that have been aroudn didn't Treaty make a similar announcement some time ago regarding a "won" contract - can't recall ever seeing any revenue from that but I could be wrong.