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  4. Treaty Energy Corporation (TECO) Message Board

The treaty Drilling that is supposed to be drillin

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Post# of 39368
Posted On: 02/21/2014 11:29:49 AM
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Posted By: Oilfield Trash
The treaty Drilling that is supposed to be drilling in North Louisiana is nowhere in any drilling report.  I find it hard to believe that the treaty rigs, that couldn't drill 500' successfully mind up, are under a 3 million dollar contract.  Before I get cursed out check out how much a normal functioning rig runs per day and then look at the auger behind a tractor that treaty calls a rig and tell me if you would use these no talent roustabouts to drill on your lease.  Down 18% yesterday.  So pardon me if I don't cream in my pants because we are up 12% today.  Oilfield companies are making a killing in West Texas but they have talent.  That is and always be Treaty's problem.  The more youtube videos I see of our operations the more I laugh.  Art and BigSur I believe have more knowledge in their precum that Treaty has combined.

PS Reids Salary is roughly 55 million shares.  He isn't the only one getting a salary either.  So we are paying with our money in the ball park of 150 million shares a year to guys that have no oilfield experience and it shows.  I'm over it.  Just waiting for some hyped PR to get out.  Wouldn't tell my worst enemy to waste time with this.


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