TECO
Best to buy low. Now is the time with all of the catalyst coming into play.
Time for TECO to get busy.....
Lets see how we progress.
Catalyst will start to come into play. Everyone will want to have their load of shares and the shorts will want to cover. Volume should pick up as we see real progress on all fronts. This should continue over the next Q and beyond. It's time for execution and a leap forward on BPD number.
Looking forward to the next 90 days.
Some links to TNC Energy Info
So what we learned today is that Treaty has upgraded it's operational capacity by choosing TNC Energy to do the W. Texas lease. To me this is like hiring a new offensive line and offensive coordinator. The QB and the skill guys still have to make the plays but this is a definite improvement.
Here's some more information about this organization and their business units. It looks pretty promising considering their client list is a group of large cap E&P names.
One thing I have to point out though is that the pistol drilling unit had a couple of accidents this year on a rig. I figure it's better to point this out now as opposed to having the bashers blow this out of proportion. Overall, you just need to look at the client list and you can see that Treaty is in some pretty good company.
http://edgedrillservices.com/clients/
http://www.edgewireline.com/
http://www.pistoldrilling.com/
http://www.msfllc.com/MSF-Pistol-Drilling-Press-Release
http://www.drillingahead.com/page/pistol-dril...hile-drill
Catalyst 1
In Texas the Company has secured a funding commitment of $2,100,000 to drill an additional 20 wells once the McComas –A- 20 well is placed into production. We expect to be in full production, as well as have BOPD results in the next 2 weeks. We are in the process of permitting at least 2 additional wells on the McComas lease and will begin drilling immediately once permits are approved. We estimate that we will be able to place the additional 2 wells into production during the first quarter of 2013.
Catalyst 2
Delayed, Pistol now drilling is the delay. Funding released after first 2 wells completed. Roughly 300k to complete more drills out of lease. Funds released thereafter according to funding agreement.
We plan to commence the drilling of the first 2 shallow Wooldridge wells, which are already permitted, the week of December 1st, 2012. Once the first two wells are placed into production the remaining financing will be available and we will begin the process of permitting and drilling the remaining 10 wells in the project. We expect this project to be fully completed in early 2013, and add an estimated 100 BOPD in production.
Catalyst 3
Pistol just needs to get on site and begin work. I want to go out there to see the project and I will as soon as I get the approval of home office.
TNC Energy to Fund, Develop, and Produce all leases and wells recently purchased by Treaty Energy located in Converse, La. ( Sabine Parrish ).
Under the terms of the proposed agreement TNC Energy will provide all development funds necessary to bring into production the 50 existing wells, as well as the drilling of additional wells upon completion of the work overs.
TNC Energy has related to the Treaty Energy management team, that their engineers have estimated production levels of up to 600 bbls/day out of the 50 existing wells after completion of the work overs.
Catalyst 4
This should be completed within the next 14 days. We will hear something early next year. I figure mid Jan. soonest.
San Juan 3 and 4:
We have applied for 2 additional Permits for wells a mile north of the initial San Juan Wells. We are currently acquiring casing, pipes, and mud to be loaded during the next 2-3 days out of Houston. The truck is expected to leave Houston by Thursday and to arrive in Belize on Monday morning. We will be clearing the location and preparing the pad sites by this weekend and expect to begin drilling sometime around the week of December 26th. We expect drilling to take around 5-7 days.
Max Mohamed
Project Manager
Catalyst 5.....
X Factor.... A Big Deal could happen. Don't count on it.
I'm reluctant to even mention a major deal. But it's something to have in our thoughts as it seems TECO management has been working on something that I am not really privy too. The only thing I can give you is this link. It's pure conjecture based on noting concrete as of yet, and no counting beans until a PR is released and we can get a conformation that such deal even exists. We need to get get a close look at " The Deal" if/when anything is ever announced to add any numbers to our current fronts/catalyst.
guysters post....
Happy Holidays TECO longs! I ran across this in doing some DD. Notice the words Malaysia's Petronas . Got my mind jucies flowing.
Fantastic News for Canadian Junior
TECO CFO Malaysian connection....
Quote:NEW ORLEANS, Oct. 19, 2012 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO), (www.treatyenergy.com), a growth-oriented international energy company, announced today the appointment of George W. Warren Jr to Chief Financial Officer (CFO) and Executive Director of the Company, effective October 17, 2012.
George Warren, a Director of Tanjung Offshore, a Malaysia based Company Offering Comprehensive Services to the International Oil, Gas & Energy Industries, was appointed to Treaty Energy's Board of Directors as an Independent Non-Executive Director as of September 1, 2012.
Andrew V. Reid, Chairman of Treaty Energy Corporation, commented, "I am particularly pleased to have George Warren as our Chief Financial Officer. His credentials and experience will prove to be a terrific addition to our leadership team."
Bio for George W. Warren Jr – Chief Financial Officer (CFO) and Executive Director of Treaty Energy Corporation:
George William Warren Jr., 42, was appointed as Chief Financial Officer and Executive Director of Treaty Energy Corporation, effective October 17, 2012. Mr. Warren has served as an Independent Non-Executive Director of the Company since September 1, 2012. He also serves as Independent Non-Executive Director of Tanjung Offshore since August 28, 2007. He holds a Bachelor of Science Degree in Accounting (Graduating with Beta Alpha Psi Accounting Honors) from the Louisiana State University. In 1993, after graduation, he joined Wegmann Dazet & Co., a professional corporation of certified public accountants in New Orleans, LA, where he was both a Senior Auditor and a Forensic Auditor.
In 1997, he was appointed as the Managing Director of BWB Controls, Inc., at Houma, LA, a worldwide manufacturer of pneumatic, hydraulic and electric surface safety equipment engineered specifically for the oil and gas industry. In 2006, he became a Director/Investor in Mezco Fabrication, L.L.C., at Carencro, LA, a manufacturer of precision sheet metal parts utilizing laser cutting technology for the oil and gas industry, a position he continues to hold. He also serves as a member of the AC of Tanjung. For more about Tanjung Offshore, headquartered in Kuala Lumpur, Malaysia, go to: www.tanjungoffshore.com.my/portal/
Mr. Reid concluded, "As Treaty continues to grow, we see George Warren's knowledge and experience in the international offshore oil, gas and energy industries as a wonderful addition to our management team."
PETRONAS , short for Petroliam Nasional Berhad , is a Malaysian oil and gas company that was founded on August 17, 1974. Wholly owned by the Government of Malaysia, the corporation is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. PETRONAS is ranked among Fortune Global 500 's largest corporations in the world. Fortune ranks PETRONAS as the 95th largest company in the world in 2008 and 80th largest in 2009. It also ranks PETRONAS as the 13th most profitable company in the world and the most profitable in Asia. [ 1 ] [ 2 ] [ 3 ]
Since its incorporation, PETRONAS has grown to be an integrated international oil and gas company with business interests in 35 countries. As of the end of March 2005, the PETRONAS Group comprised 103 wholly owned subsidiaries, 19 partly owned outfits and 57 associated companies. Together, these companies make the PETRONAS Group, which is involved in various oil and gas based activities. The Financial Times has identified PETRONAS as one of the " new seven sisters ": [ 4 ] the most influential and mainly state-owned national oil and gas companies from countries outside the OECD .
The group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining ; marketing and distribution of petroleum products ; trading; gas processing and liquefaction ; gas transmission pipeline network operations; marketing of liquefied natural gas ; petrochemical manufacturing and marketing; shipping; automotive engineering ; and property investment.
Petronas provides a substantial source of income for the Malaysian government, with 45% of the government's budget dependent on Petronas' dividend, moreover in 2011 government actual balance has 5 percent deficit of Gross Domestic Product . [ 5 ]
The company is headquartered at the Petronas Twin Towers which was officially opened on Malaysia's 42nd National Day, August 31, 1998 - in the Corporation's 24th Anniversary year.
http://en.wikipedia.org/wiki/Petronas_Towers
