Does any know why if Lakeshore and Madeley combin
Post# of 39368

   Does any know why if Lakeshore and Madeley combined were producing 229  BOPD and 822 MCF then why didn't TECO keep it there for a while? Why not run the  operations and cover all expenses for six months to a year and then take the  risk of drilling lateral on Madeley?  Why take the risk of  minimizing or completely stopping flow rates and then taking an extra quarter or  two before showing "possible" improvement? Continuing these flow rates would  have paid for many other ongoing projects and would have made the filings look  much better than I expect them to look. On the other hand; maybe Treaty is  holding back some surprises which I hope is the case.  
  
 Excerpts from 7/20/2012 PR:  
  Andrew V. Reid, Chairman of Treaty Energy Corporation, stated,  "We reported in an earlier release that the Madeley F 1H well was certified at  192 BOPD and 822 MCF of natural gas per day.    
  
  In conclusion, Mr. Reid stated, "I  am extremely pleased with results so far from our Shelby County Texas leases.  Treaty is now producing oil at the rate of 229 BOPD and natural gas at 822 MCF  per day with expectations of huge increases in those numbers as other wells are  worked over, re-entered, and additional new wells drilled on these new East  Texas leases. Our news release of July 9, 2012 should be reviewed for  considerable background information on our East Texas oil & gas fields."    
  
  http://ih.advfn.com/p.php?pid=nmona&article=53540367       
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