Does any know why if Lakeshore and Madeley combined were producing 229 BOPD and 822 MCF then why didn't TECO keep it there for a while? Why not run the operations and cover all expenses for six months to a year and then take the risk of drilling lateral on Madeley?  Why take the risk of minimizing or completely stopping flow rates and then taking an extra quarter or two before showing "possible" improvement? Continuing these flow rates would have paid for many other ongoing projects and would have made the filings look much better than I expect them to look. On the other hand; maybe Treaty is holding back some surprises which I hope is the case.

Excerpts from 7/20/2012 PR:
Andrew V. Reid, Chairman of Treaty Energy Corporation, stated, "We reported in an earlier release that the Madeley F 1H well was certified at 192 BOPD and 822 MCF of natural gas per day.

In conclusion, Mr. Reid stated, "I am extremely pleased with results so far from our Shelby County Texas leases. Treaty is now producing oil at the rate of 229 BOPD and natural gas at 822 MCF per day with expectations of huge increases in those numbers as other wells are worked over, re-entered, and additional new wells drilled on these new East Texas leases. Our news release of July 9, 2012 should be reviewed for considerable background information on our East Texas oil & gas fields."

http://ih.advfn.com/p.php?pid=nmona&article=53540367