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  4. Treaty Energy Corporation (TECO) Message Board

I hear you Art.  I love this board but I don't lo

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Post# of 39368
Posted On: 03/04/2013 6:55:31 PM
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Posted By: Oilfield Trash

I hear you Art.  I love this board but I don't love how when price is down its because of bashers and MM's.  This is the oilfield baby.  We don't blame prior events or people for whats wrong.  We don't not work and expect to get a check.  We don't show up half ass.  We roll with it.  Weather doesn't make a chit.  You are paying for equipment or a service 24 hours a day so you should be using it.  I have a prediction for you guys.  2 options.  Either Treaty will have minimum of 80 - 100 bopd by the end of the year or Treaty will be bankrupt.  They have to use 8 times more stock to get the same services as last year. There is no more dilution because the stock isn't worth chit.  W. Texas either produces or thats it.  We are maxed out and nothing has worked so far.  I haven't found this rig on any data programs and we should have had three wells drilled and producing by now.  As usual we are waiting.  We are worth what our stock price says we are.  1) no proven leases, 2) no revenue generating assets, 3) spending 55k a day to get the first 2 I named.  If we don't have 350 barrels of Oil on the next TRRC report than we never will.  On 2-19-13 they said they were at 20 - 30 BOPD.  If that were true and consistant than 350 would give us 12.5 BOPD for the month.  If it is still in the single digits than I hate to even say it.



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