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Treaty Energy Corporation TECO
Posted On: 10/23/2012 10:23:50 PM
Post# of 39368
Posted By: DTL
Re: Kenstick #2033

My bet is Reid will itemize the month's ending 300 BOPD within the 10Q to make it as official as possible in the eyes of they market.  My bet is we are triple that BOPD by EOY with SJ1 & SJ2 and MADELEY lateral completion.  If the 1000 BOPD estimation for June 2012 ends up happening six months late then in hindsight six months of delays in the oil E&P business could happen to any startup with limited funding.   I've come to learn that every well has it's share of problems.  IMO it might not happen this often when funds are unlimited and experts can be hired or maybe it is just bad luck.  Regardless I will remain patient as long as management is pushing ahead. I'm sure they have huge plans for future revenue reinvestments and lessons learned will start to expedite the process.














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