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  4. Treaty Energy Corporation (TECO) Message Board

Maybe power hour will push TECO to .10! LOL! The d

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Post# of 39368
Posted On: 01/04/2013 2:34:16 PM
Posted By: DTL
Re: TheCEO #5029

Maybe power hour will push TECO to .10! LOL! The daily trading is getting old.  The manipulation and lack of TECO's potential to combat the manipulation is getting old.  I'm hoping action and change is forthcoming.  They need to shut up, put up and then speak.  Whatever happened to those qty 4 pads and all the drilling that was to take place in Texas?  Read the excerpt from the 7/9/2012 PR below.  What happened here? This is what Lee S. was hanging his hat on.


http://ih.advfn.com/p.php?pid=nmona&article=53300609


The plan for the CHUMLEY LEASE, as per the Purchase Contract, is to drill and produce each Zone separately. Initially, Treaty will build four Two-Acre Pads on which four wells will be drilled. Each of the four wells per Pad will be drilled to one of the four Pay Zones previously mentioned. Each of the Two-Acre Pads is estimated to have initial production of up to 1500 BOPD or up to 6000 BOPD for the group of four Pads. The cost of drilling these wells is estimated at $165,000 for each of the Saratoga Zone wells, $190,000 for each of the Annona Zone wells, $215,000 for each of the Tokio /Blossom Zone wells, and $240,000 for each of the Fredricksburg Zone wells.




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