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  4. Treaty Energy Corporation (TECO) Message Board

Taking the Mitchell #3 and #4 completion success i

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Post# of 39368
Posted On: 11/10/2013 9:57:19 PM
Posted By: DTL
Taking the Mitchell #3 and #4 completion success into perspective last spring and when at the time there was a lower AS/OS;  how did the market and PPS respond?  The historical charts show the PPS had days of sub penny from March 5th-May 3rd.  Stocktons/Kubacaks allow for 75% NRI compared to Mitchells 28% NRI so that should spark some additional interest but the AS/OS is now higher.  From 9/19 PR: "Based on the Mitchell's production rates, the Stockton wells combined are expected to bring in approximately $205,000 in revenue within thirty days of completion." If the market is forward thinking then is the $205K from the Stocktons plus another approximate $122K (42BPD X $97/barrel) X 30 days) from the Mitchells 3&4 playing into the existing volume and PPS? If I know these numbers then any interested public also knows these numbers.  I question if the market hesitation to buy shares in volume has been based on disbelief in the 9/19 PR  due to the past.  The PR has been public for 1.5 months and yet the PPS closed at .0125?  Per the PR wording  I question if the logistics from time of Stockton 2&3 completion dates to filling tanks to pickup for delivery to $205K check payable to TECO can really be completed within 30 days of Stockton #3 well completion?  It's this type of aggressive wording and the possibility of it not being achieved within 30 days that will give more excuses for the market to pause.  I hope I am wrong and TECO receives a $205K check within  30 days of the Stockton's completions. Volume precedes price and I don't see the required volume yet but I hope the five drilling completions and resulting BPD finally gets TECO out of the pennies.


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