The share price will reflect the 10 q tomarrow.
Post# of 39368
Posted On: 11/20/2012 12:56:55 AM
The share price will reflect the 10 q tomarrow. I think it was good. They said that the wells in Belieze were producing oil.
Belize:
The San Juan #1 and #2 wells have been drilled to total depths of 2240 ft. and 1293 ft. Completion Operations are currently underway and once finalized the wells will be flow tested and placed on production. Treaty is in the process of permitting two additional wells in the Stann Creek area, one of these wells is scheduled to be drilled in the fourth quarter with the second well to follow in the first quarter. Lessons learned on the #1 and #2 wells should allow Treaty to drill and complete these next two wells more efficiently.
The Government of Belize has been very supportive throughout the exploration phase of this project. Treaty has advanced its understanding and operational acumen since we were awarded the Joint Venture in 2010. We recognize we are a visitor in Belize and are doing our upmost to make sure we remain a steward of the trust the Belize Government has placed in us to operate with the upmost focus on safety and environmental stewardship
The first two well are producing oil. Must be some oil in Belize. MMMM. 4 more wells and we will know. The official from the gob said we were premature and need 6 producing wells before we could call it an oil field, or give any estimates would have to be aprovied by the gob before they were released.
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