I assume TNC and TECO will be working weekends for
Post# of 39368
I assume TNC and TECO will be working weekends for the foreseeable future in order to bring in as much BPD before March 31st i.e end of first quarter. Gwyn said 400 BPD by end of 1st quarter and it was said that it was suppose to be a conservative estimate (quote below). Since the statement was published on December 18th, 2012; I wouldn't go as far as to say "immediate results" since we are already into middle of February with a whopping 25 BPD so 6 weeks for another 375 BPD. I'm not holding my breath based on much past bullchit but still somewhat hopeful!
http://ih.advfn.com/p.php?pid=nmona&article=55513985
Co-CEO of Treaty Energy, Bruce Gwyn , stated, "Now that TNC Energy has been engaged for the drilling of these West Texas projects, Treaty shareholders will start to see immediate results from this new strategy. We have a 21 well program that has been pre-funded and now we also have a contract with a professional and experienced drilling company to drill all of these wells through to completion."
Mr. Gwyn added, "With the expertise of TNC Energy, our production will start to rise quickly, which brings revenue directly to the bottom line. Once these 21 wells are drilled by TNC Energy, we should see production levels around 400 barrels/oil per day, and this should be completed by the end of the 1 st quarter of 2013."