winnerwinner, this is from the front page of Treat

winnerwinner, this is from the front page of Treaty's website. 

"Our goal is targeting only acquisitions of properties with production capabilities and proven reserves; factors that our team’s expertise can utilize for enhanced, more effective and greater ultimate production.
By taking the “value-added” approach and staying away from the huge costs and high risks of exploration activities, Treaty builds production base and drillable proven reserves that translate to strong growth of stock value. "

So, in effect "getting a few old wells up and producing" is at the very least a portion of what Treaty says they want to do.  I will grant you that finding oil in Belize or in the Mitchell wells will be a huge boost to the company, but the only revenue they actually have at the moment is from those old wells.