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Treaty Energy Corporation TECO
Posted On: 06/28/2013 10:12:32 AM
Post# of 39368
Posted By: blindinvestor
Re: Kanola #17291

Thanks Kanola.  Fortunately, most of us recognize that Treaty has made some  changes for the better since the first of the year.  BUT, so as not to get everyone's hopes up for a good first quarter Q, don't expect that to be the case either.  As with any business, any changes normally take somewhere between 60 days to 120 days for the new positions to become effective in their transition phases.   However, the second quarter Q should reflect some of those changes and for sure, the third quarter Q will begin to reflect even more significant improvement.  As Bull has posted, he anticipates moving production up dramatically by this time next year.  And that will happen.  Plus, there was essentially no opportunity on schedule for Belize last year, up through the 10K, and even through the first quarter of 2013.  Obviously that opportunity has changed dramatically and in fact we are awaiting for the casing and cementing to be completed followed by the perfing and testing of the SJ#3.  That is within any day, not weeks, but days.  Everyone should remember that businesses are always in the process of raising capital.  Treaty is no different.  Look at any REIT, or even other MLP and your research will indicate that they all continue to raise money for acquisitions throughout the year.  Treaty raises money for acquiring leases and equipment, and for drilling and completion of wells.  Pretty simple really.  With that in mind,..Get Ready!














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