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  4. Treaty Energy Corporation (TECO) Message Board

I hear you about the TRRC. IMO the TRRC is not whe

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Post# of 39368
Posted On: 02/14/2014 9:11:52 AM
Posted By: arstegall
Re: Dloggold #25297
I hear you about the TRRC. IMO the TRRC is not where we need our focus. I know they are responding to the TRRC because lots of shareholders demanded it and that is good they are listening but I don't see how C&C Petroleum being compliant is going to help us with the new business plan. I see it could end some small fines but the way the Q stated we will not be using C&C for our wells in the future. They will be using US Fuels and other companies alike to get the permits, drill the wells, produce a few months of oil & then sell their % for a nice lump sum. I personally like this idea. Anything can happen to a well, trust me on that. I want answers about the 5 wells that were supposed to be drilled by December 31st and then Jan 31st. I want answers on the Stockton 3. I want answers on the financing of the 20 or 21 well project on the Kubacack(excuse the spelling). If not answers because they are worried about trouble makers interfering then give us some results. We were told in Oct or Nov that 5 wells would be drilled by Dec and it is Feb 14th. We got 2 drilled, one completed, and one worked over. We don't know very much about the production of any of these wells. WHY??????? We deserve to know these things because we paid for them!!!! I understand that the management did not come from the oil industry, they came from the BANKING industry. If this is correct then why such a hard time with financing?? Maybe the investment community are as tired of the missed dates and non-starts as we are.


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