Although we have more going on now, we have much l

Although we have more going on now, we have much less then was anticipated.  The o/s has about doubled which the pps alone takes a big hit on.  The reworks alone, from the past couple of years were suppose to give us more bopd then we have currently.  We had expectations of 1000 bopd and potential in Belize.  Treaty hasn't completed a well in Belize yet, let alone one with production.  The pps was high before because of the expectation.  Just like with HUSA when their wells in CA didn't come in, they shares tanked.  Now there is an increase in pps because of renewed expectations in new deals.  Their deals are much bigger then any expectations in any of Treaty's current deals.  Treaty is grinding it out in the mud.  Slow and steady right now.  PPS will rise as oil comes in and subsequent 10-k's.  Treaty gets a deal with huge potential then you will see a big pop in PPS.  Unfortunately Belize isn't the big deal it once was.  Steady climb in bopd or a new exciting prospect and we should be ok.  Takes time for these things to come around.  Steady as she goes.