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  4. Treaty Energy Corporation (TECO) Message Board

I believe your talking about the Madley well. That

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Post# of 39368
Posted On: 03/27/2014 5:26:30 PM
Posted By: tommyd2mil
Re: BigSur25 #26730

I believe your talking about the Madley well. That well came in at 192bbls intitial oil with 822mcf gas per day. Then we blew it all within days/weeks and had nothing except more cost to fill pits/plug eventually. We could bring up the McCommas that was also very promising initially but we blew that one also and are facing additional cost to remedy.


I reread through the six month prospectus today. Remember Treaty put this out themselves January 16, 2014.


Let's see: 1)Treaty was to drill 10 new wells on the Kubacak lease, phase 1 by end of Q1, that would be completion by this March 31. NOT GOING TO EVEN SPUD THE FIRST WELL BY THEN. Phase 2 was to be completed by June 30th. Each well in phase 1 and 2 to bring in $800K or $8 million for the 10 wells. Trying to sell more shares to investors. Any bets where we will stand by June 30th on Kubacak?


2) Continuous drilling revenues from its on-going Northern Louisiana contract.  Have we drilled 1 paid shallow well of the 475 we announced we would start drilling last November 6th 2013???? Not sharing this information with investors but they PR the announcement and tell what they hope the revenues will be.


3) Restored investor confidence  through RRC compliance on C&C Petroleum Mgmt by February 2014.  Missed this one too.


4) Decreased drilling times between phase one and phase two on the Kubacak lease. I guess if you don't have any delay time because you haven't started a single well on the Kubacak lease, you could say there is reduced drilling time between phases (zero delay) LOL.


5) A diversified revenue stream from all production and sales streams. Since these revenues from production are not shared, and lease sales are non disclosure, investors haven't a clue whether we are making goal or not. The last financial release was some 6 months ago (10Q3).


Get the picture Sean/IR




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