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Treaty Energy Corporation TECO
Posted On: 08/06/2013 8:59:39 AM
Post# of 39368
Posted By: blindinvestor
Re: GOTECO #18900

GOTECO, if you have not had a chance to view the video that was posted last week regarding the CEO of BNE in Belize, who is also a geologist, then it might be worthwhile to do so.  I forgot who posted it, but check around the posts.  In the video, the BNE CEO mentioned that they also encountered an oil pay zone and then further down the hole, encountered tremendous water.  It was not what they anticipated nor prepared for evidently.  However, they were able to step back and develop a plan that allowed them to complete the well with really good results as it was producing somewhere north of 400 bbls per day.  Treaty is obviously in the same situation with their two positive tests for oil in their well and then subsequent water below.  Now, our guys have to figure out or perhaps even meet with the BNE folks and find out how to successfully complete the SJ#3.  I'm not saying that well might produce 400 bbls per day, but anything north of 100 would be overly excellent for Treaty in my opinion.  It is possible that by sometime next week we should know.  Get Ready!














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