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  4. Treaty Energy Corporation (TECO) Message Board

My weekly stop by and post.  I've just reviewed t

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Post# of 39368
Posted On: 01/23/2014 9:46:43 AM
Posted By: blindinvestor
My weekly stop by and post.  I've just reviewed the 10Q and what strikes me as the most pleasant surprise is the tremendous reduction in expenses.  Accelerating expenses are normally the number one culprit in an unsuccessful business plan.  Seeing that TECO has deliberately taken action to decress expenses and knowing they have developed a strategy to build upon potential drilling of resources offers them to opportunity to now improve their revenue stream for 2014.  Remember this.  Even if you drill a well this month, the income flow usually doesn't hit for about 45 days.  So the bottom line is a new well in February may not hit the revenue stream until the first of April which will put the revenue into the second quarter.  But knowing that, just keep reading the weekly news that Sean put out and surely he will keep us infomred of their progress.  And while progress is being made on the drilling front, you might be aware that the company is continuing to review other opportunities for revenue generation for the company and their investors.  All in all, a reasonably positive report, and an anticipation to an improved year of 2014.  Now, let's get drilling.  Cheers.


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