Below is the kind of never

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Jan 16, 2014 at 12:14 AM

Below is the kind of never ending logistical contradiction and excuses for delays that TECO always seems to spin while always missing their self imposed schedules. The November and December newsletters claimed for weeks that qty 5 Stockton and Kubacak wells would be drilled by 12/31. Then in the 12/9 newsletter (excerpt below) they are performing reservoir studies. I was told during the 12/9 timeframe that the 12/31 date was still on schedule! Then in this Monday's newsletter i.e. 5 weeks later they suggest securing funding for up to qty 10 wells (excerpt below).
They have lost so much credibility with me that I continue to read into every word of their news. IMO this "study" and "new funding" might be their excuse for having already spent the funding scheduled for the first 1-3 Kubacaks on either foreseen or unforeseen reservoir and geological studies and/or separator tanks and or broken pipes, etc. Otherwise the first couple Kubacaks would be getting drilled now. Maybe the Kubacak drilling has started but how would shareholders know? IMO the plan is changing daily but as usual the snails march on. So should the reservoir and geological studies and Stockton #2 fluctuations have been scheduled into the 12/31 date and maybe TECO should have scheduled the original "qty 5" date for late February! If for any other reason then just to gain some............. guess what?
The new date to complete qty 5 drilled wells is now the end of January per newsletter below. Two weeks left so what is the latest status? I really fear the 1/31 date is already slipping "again"! Are they implying waiting on funding for qty 10 wells before starting the Kubacaks? It's not as though the manipulation will wait or take some time off. Just the opposite! The NSS'd brokers, shorters, and manipulators love false dates and delays! Will the next excuse be "we haven't started the qty 3 Kubacaks because this or that well is being studied or we are still waiting for financing on all qty 10 wells before starting on any of the remaining? STOP GIVING OUT DATES AND TIMELINES AND JUST GIVE US THE EVER CHANGING PLAN AND STICK TO IT!

From 12/9 newsletter:
Stockton & Kubacak Lease
The Stockton 1, 2 and 3 are all undergoing reservoir and geological studies. At this time, production on the Stockton 2 has been fluctuating under different varying production timer schedules, so the Company is uncomfortable putting out a verifiable production rate at this time. To ease investors minds, the production on the Stockton #2 and predicted production on the Stockton #3 are both healthy. The Company is however, taking extra precautions to ensure a long healthy well life span. Please see video on our website at www.treatyenergy.com ( http://www.treatyenergy.com/utm_source=Treaty...4-73359577 ) to see the production from the Stockton 2 well as verification of healthy production.

The reservoir study will enable us to make more accurate production projections on the Kubacak lease and be able to give investors a better prospective into the future project, as well as determine the best areas to set future wells beyond the Kubacak 1, 2 and 3.
The Stockton 1 well’s work over was completed; however alternative plans are being looked at to repurpose the well to better facilitate production on the Stockton #2 and 3. A cost evaluation study is being done to determine the cost-benefit trade off.
With regards to future drilling, the Company estimates that weather and holiday scheduling will delay its additional three wells on the Kubacak lease by three-four weeks, making the five well estimate by the end of January 2014.

From 1/13 newsletter:
"However, acknowledging the delayed response times between projects and investor’s concerns regarding multiple drilling projects, the Company is adjusting its drilling plans and authorized for expenditure limits on the Kubacak lease. As such, the Company will attempt to secure increased financing on the Kubacak lease ahead of time to solidify not just one to three wells , but up to ten wells to seamlessly transition to continued drilling projects to decrease investor concern."

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