My take on the latest news... is that this will p
Post# of 39368
Posted On: 02/25/2014 10:26:51 AM
My take on the latest news...
is that this will provide Treaty with the maximum amount of immediate revenue to provide stability for the company. I will guess that in the not-so-distant future, they will again begin retaining working interest in the higher producing wells.
We all know they are cash strapped and this provides a way out of it, while bringing in the cash to fund additional drilling. I believe the recipe has merit and will prove to have been a logical decision.
Perhaps I am wrong, but I believe this news is not anywhere as bad as some are making it out to be. Time will tell.
is that this will provide Treaty with the maximum amount of immediate revenue to provide stability for the company. I will guess that in the not-so-distant future, they will again begin retaining working interest in the higher producing wells.
We all know they are cash strapped and this provides a way out of it, while bringing in the cash to fund additional drilling. I believe the recipe has merit and will prove to have been a logical decision.
Perhaps I am wrong, but I believe this news is not anywhere as bad as some are making it out to be. Time will tell.
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