winnerwinner, this is from the front page of Treaty's website. 

"Our goal is targeting only acquisitions of properties with production capabilities and proven reserves; factors that our team’s expertise can utilize for enhanced, more effective and greater ultimate production.
By taking the “value-added” approach and staying away from the huge costs and high risks of exploration activities, Treaty builds production base and drillable proven reserves that translate to strong growth of stock value. "

So, in effect "getting a few old wells up and producing" is at the very least a portion of what Treaty says they want to do.  I will grant you that finding oil in Belize or in the Mitchell wells will be a huge boost to the company, but the only revenue they actually have at the moment is from those old wells.