Excerpt from June 2nd PR:
"Chris D. Tesarski, Executive Chairman of Treaty Energy, will work closely with Aquinas's geologist and geophysicist Bill Gaskin, to review and select the first two drill sites and request a permit through the Texas Railroad Commission (TRRC) immediately. The new seismic data should assist Treaty Energy in providing the best site selections in order to maximize the potential return on investment to shareholders at the lowest possible risk.
This survey should take approximately two weeks, followed by another two weeks for processing."
Shareholders should be hearing something about the seismic survey and analysis this week or next at the latest. TECO shouldn't continue to imply specific timelines like this and/or implying results whether good or bad within that timeline without backing it up. Forward looking statements without results will kill what remains of this PPS. That opinion said, regardless of good or bad results the news will hopefully be reported once the analysis is complete! Let's hope that report includes specific well site locations with estimated BPD. GLTA!
"Chris D. Tesarski, Executive Chairman of Treaty Energy, will work closely with Aquinas's geologist and geophysicist Bill Gaskin, to review and select the first two drill sites and request a permit through the Texas Railroad Commission (TRRC) immediately. The new seismic data should assist Treaty Energy in providing the best site selections in order to maximize the potential return on investment to shareholders at the lowest possible risk.
This survey should take approximately two weeks, followed by another two weeks for processing."
Shareholders should be hearing something about the seismic survey and analysis this week or next at the latest. TECO shouldn't continue to imply specific timelines like this and/or implying results whether good or bad within that timeline without backing it up. Forward looking statements without results will kill what remains of this PPS. That opinion said, regardless of good or bad results the news will hopefully be reported once the analysis is complete! Let's hope that report includes specific well site locations with estimated BPD. GLTA!
