Well said arstegall. I don't doubt that if TECO produces decent numbers on the first three Stockton wells then that might be enough to regain market confidence. Where they come up with these self-imposed dates and past BPD estimates is beyond my comprehension given their funding challenges and their historical schedules when executing any plan. That said if they don't produce a significant BPD number that exceeds past projections and they miss another date then IMO the PPS will continue to suffer. Past projections during the February conference call was 200 BPD on the Mitchells and they missed that by a long shot having settled in at 50 BPD between them. I'm tired of the BS but I'm holding for the long run. It's already been quite the long run given they were suppose have accomplished much more than their current production almost two years ago. If they think that simply suing petitioners is going to solve all their ills then good luck with that theory. I doubt TECO will see a dime from these aholes but it might put most if not all of them into bankruptcy. TECO needs oil and revenue asap. Anyone who feels differently really needs to do their DD.
(0)
(0)
Treaty Energy Corporation (TECO) Stock Research Links