We were told that we would have 5 wells drilled by
Post# of 39368
Posted On: 02/24/2014 6:45:26 PM
We were told that we would have 5 wells drilled by the end of 2013 all the way into middle of December. We wound up with 2 drilled and 1 reworked. Then we were told that we would have the 5 wells drilled by the end of January. Then everything changed to a big project to be started by the end of the 1st quarter of 2014 and that we would now be focused on "turn key oil and gas leases". Now we learn that even before we can complete the Stockton 2 for a turn key we only have a "limited interest" in this well. I was under the impression that we had 75%. Thought I read that somewhere, maybe I was mistaken. I guess we should not look at the past and lets look to the future. 35 days by my count to find out about the start of the big project on the Kubacak. Any one want to give any odds on starting by the 31st of March with wording like
"The Company continues to move forward in acquiring financing/investment on the Kubacak Lease so that it may begin the project within the first quarter of 2014 as announced in the six month prospectus. The Company is making significant progress in achieving financing and is moving as quickly as possible to secure full financing on the project.
Shareholders should be aware that despite urgency to move forward, discussions in this matter move at a certain speed. Treaty Energy is attempting to speed up the process as much as possible to ensure investor’s demands are met; however again, we cannot control the rate at which discussions occur".
I sure hope that wording like this will pay off in the end.
"We thank shareholders for their continued patience in this matter as we understand that frustrations are high at this period in time. (YOU THINK!!!)The Company firmly believes that this financing project will be incredibly beneficial for all parties involved".
"The Company continues to move forward in acquiring financing/investment on the Kubacak Lease so that it may begin the project within the first quarter of 2014 as announced in the six month prospectus. The Company is making significant progress in achieving financing and is moving as quickly as possible to secure full financing on the project.
Shareholders should be aware that despite urgency to move forward, discussions in this matter move at a certain speed. Treaty Energy is attempting to speed up the process as much as possible to ensure investor’s demands are met; however again, we cannot control the rate at which discussions occur".
I sure hope that wording like this will pay off in the end.
"We thank shareholders for their continued patience in this matter as we understand that frustrations are high at this period in time. (YOU THINK!!!)The Company firmly believes that this financing project will be incredibly beneficial for all parties involved".
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