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Treaty Energy Corporation TECO
Posted On: 08/15/2012 5:21:56 PM
Post# of 39368
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Posted By: coolnapz
Re: Sleepy17 #246

Don't expect to hear anything about the SJ well #2 in Belize any time soon. GOB is not going to make payment on the superbond next week ( http://online.wsj.com/article/BT-CO-20120813-713184.html ) as they are looking to restructure the debt.


They are going to make sure that no production information is released as that would undercut their bargaining position with the bondholders. Remember, PM Barrow's narrative is that Belize has declining petroleum production and he can't make that case if Treaty is blabbering about expectations of 5,000 bpd oil fields.


Investors in this position need to consider the politics and macroeconomic complexities that influence the release of information.














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