In 2011 Treaty Energy (TECO) started moving equipm
Post# of 94135
In 2011 Treaty Energy (TECO) started moving equipment to Belize. They drilled 2 wells there by the end of Jan. 2012. There was an investor there that saw the well when they (hopefully) struck oil. There was 2 8-K's released at the end of Jan and the beginning of Feb in 2012 stating that TECO have found a 6 million bbl reserve from there first 2 wells. Then the Government of Belize came out and said that was not true. TECO is preparing the third well now in Belize. The GOB want TECO to drill 6 more wells before they can confirm the 6 million bbl find. TECO has to run everything through the GOB before they PR anything out of Belize. Now for Texas. TECO has the funding in place for a 21 well project to be drilled in West Texas. We have an investor on the ground. They have hooked up electrical power on the Brown lease and is supposed to be pumping another 20 to 30bbls of oil a day. Drilling should start next week. There are some others on the TECO board on Investors Hangout that you can talk to about this. DTL, Morts, Dloggold, Jake09, Bullmarket, sleepy17 just to name a few. They are very knowledgeable about trading stocks and about TECO and lots better than I with computers and will be able to help more with the DD