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Treaty Energy Corporation TECO
Posted On: 10/18/2012 6:54:39 PM
Post# of 39368
Posted By: wski4fun

Lakeshore was PR'd as having 37 bopd production and I think Madelay is somewhere around 150 bopd.  Even though they would lose some money from burning off the gas and still having to pay a royalty on it the production from Madelay could be over 400k itself adding to the 3rd Q.  As stated in other Treaty PRs that the Madelay should take a week and could see production up to 400 bopd so this could be 6-8 weeks of production adding to the 4th Q.  As long as this doesn't turn out like their reworks then maybe this market action is for people trying to cover or getting cheaper shares before the good news.














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