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Treaty Energy Corporation TECO
Posted On: 06/07/2013 2:16:47 PM
Post# of 39368
Posted By: Kayakujutsu
Re: braveheart #14827

What are their plans? Is there room for more of these wells? If they are economic I would expect them to continue developing, but if uneconomic or only marginally economic then I would expect them to look for better prospects elsewhere. I recently listened to some audiobooks called 'The Prize' and 'The Quest', and according to a long retired Mobil Oil CEO, in order to grow an oil & gas company you need 10 prospects in the frying pan for every one project you have coming online (generating revenue). 50% of these prospects will fail or be screened out in the coming years, so in order to grow, you have to have a large pool of prospects to work from.


So my question is: How many prospects does Treaty have in the frying pan? Can they grow? Can they take on more debt if needed to develop these prospects?


Iggyman, I am not going to question your income and I would appreciate the a same courtesy from you.














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