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Treaty Energy Corporation TECO
Posted On: 06/27/2013 4:18:11 PM
Post# of 39368
Posted By: blindinvestor
Re: BigSur25 #17110

No sir.  But remember from the first two SJ wells, Treaty had to bring in a heavier mud than they had initially acquired to comply with the requirements of the GOB Energy Dept.  In addition, the SJ#3 was pressuring at about 1400+psi.  So if you have some oilfield or engineering background, perhaps you will deduct what is needed, and then repost if you think worthwhile.  Good question, sorry I don't have that answer.  At any rate, progress is being made and it should be only a few more days til we know what we have.  For sure those of us who have been Treaty investors, we have heard the words "next week" a dozen times or more.  But remember, Even though the McComas wasn't completed properly and therefore cost the company an opportunity, it was drilled and hit oil.  And the Brown was drilled and hit oil.  And now the Mitchell #3 and #4 have hit oil.   So, the bottom line is that even though Treaty has had some mis-steps before, and some have been into quicksand, the last four wells they drilled prior to the SJ#3 have actually  hit oil.  And that is the business they are in.  Now if they could not only drill and hit oil, but complete the wells with the same proficiency, we investors will come out of this with some fishing money, golf money, vacation money, and a bundle left over for some trucks full of beer.  Get Ready!














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