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  4. Treaty Energy Corporation (TECO) Message Board

Good points Cool.  My thinking is after having a

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Post# of 39368
Posted On: 12/12/2012 6:09:31 PM
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Posted By: Oilfield Trash
Re: coolnapz #4277

Good points Cool.  My thinking is after having a year of O-fer and a great deal of paying for services with shares is dragging the price down.  Treaty has been at it for awhile and some moves that they made are very questionable.  I've questioned a lot of them but I doubt anyone is taking a lose at these levels.  I plan on grabbing another 100K if we see .015.  Whats another $1500 when I don't plan on cashing out for a few years.  Things are in motion but you can't blame the market for not giving Treaty love.  We support them with bias.  All of us are guilty of it.  I see a great entry position right now for someone new but someone new would read past PR's and wonder why we aren't at 2000 BOPD.  Things happen and we understand but when we first invested we bought into the future and the present is the future and we haven't produced much.  We have land and tools to produce but we don't own a single well producing more than 25.  Until last month we didn't have a single well producing more than 7.  It is what it is.  Yes Cool, the lease and opportunity in Belize is worth a whole bunch but after more than a year of being out there we haven't put anything into production and things take time but not that much time.  This is a two month project start to finish and we aren't done yet.  We believe that things are coming but we can't go buy a new truck with hopes and dreams.  The price isn't moving up until Treaty produces.  Bull is saying 200 BOPD in 111 days if I remember correctly.  That would definitely help things but people aren't investing until Treaty is credible and to this point they aren't.



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