Just to be clear: Nowhere in the Press Release jus
Post# of 39368
Posted On: 03/11/2014 10:02:17 AM
Re: 85mph Limit #26130
Just to be clear: Nowhere in the Press Release just issued does it state that we will be changing strategies. Inspire Energy Services will be used to enhance our existing O&G strategy as we have emphasized numerous times in the past few months regarding new drills.
Inspire is however, reviewing the business strategy to determine how to maximize the ROI for Treaty Energy. This may mean that they might make recommendations/changes to the acquisition, drilling and completion phases, but TECO is still committed to new drills and not marginal wells.
Inspire Energy Services will bring on board several petroleum engineers and O&G experts that will ensure that Treaty Energy is maximizing the profitability of each well per investment dollar. The current goal in the Abilene area is to do do a through reservoir study and geological survey of the lease acreage area we have and might potentially have. The last thing we want is a dry hole or a well that would underperform and not return on our investment dollars.
The studies and surveys they will be doing in W. Texas will ensure that our wells get the maximum ROI, whether we sell the well or keep the well for a full ownership interest.
As also mentioned in the PR, Inspire is also reviewing our international prospects and our corporate governance. Both of these will be important to the future of Treaty Energy and to shareholders a like.
Inspire is however, reviewing the business strategy to determine how to maximize the ROI for Treaty Energy. This may mean that they might make recommendations/changes to the acquisition, drilling and completion phases, but TECO is still committed to new drills and not marginal wells.
Inspire Energy Services will bring on board several petroleum engineers and O&G experts that will ensure that Treaty Energy is maximizing the profitability of each well per investment dollar. The current goal in the Abilene area is to do do a through reservoir study and geological survey of the lease acreage area we have and might potentially have. The last thing we want is a dry hole or a well that would underperform and not return on our investment dollars.
The studies and surveys they will be doing in W. Texas will ensure that our wells get the maximum ROI, whether we sell the well or keep the well for a full ownership interest.
As also mentioned in the PR, Inspire is also reviewing our international prospects and our corporate governance. Both of these will be important to the future of Treaty Energy and to shareholders a like.
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