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  4. Treaty Energy Corporation (TECO) Message Board

Im not going to let the group know when im waiting

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Post# of 39368
Posted On: 03/20/2013 5:08:18 PM
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Posted By: Vettehemi
Im not going to let the group know when im waiting to buy. I always have a bid in. Thats just me. I , unlike everyone else , dont think there will be enough time to buy if something big happens in SJ 3. Or even if the brown produces a few more bopd than what was approximated. Yea, i could chase it but with the brown, if it does well, it could be 100% higher and with any viable oil in SJ 3. It could be 1000% higher. Ya just never know. I really thought TNC would be drilling by now. I have my opinion about why they went with a smaller rig... Wonder if they were ever really going to use the big one lol. And we need to get those issues with the trrc cleared up asap. Which Sean already answered will be so etome next week. If TNC doesnt get located on the site with that rig soon, im afraid we may have another loss in confidence, not by me but by others. I highly doubt they will announce much about oil in Belize until fully compliant and complete. They may be able to announce oil shows? I wouldnt even risk that. Id rather them just say it looks promising until we have full results. We should have had a well or two drilled by now on the mitchel. Bull is busy ramoing up production. All i want is 80 bopd by the end of march and now its Already looking like mid April. Im assuming it will actually happen mid April. Belize needs to pull through to make the wait a celebration instead. I said i would set up a personal meeting to get updates, but with some of the knoweledge in the area, i beleive we could all help just as Bull is. I didnt set up that meeting because IR has stepped up. But if we still continue with any more delays than the one that got us into mid april, then a meeting will again be a necessary item. I dont know how long we can support the pps, especially if the bopd are below break even levels. My biggest setback would be an OS increase which im sure is necessary at some point if we dont get that oil comin. Everytime that os increases it becomes a multiple of how hard it is to maintain this cheap price. I do beleive the company is a few pennys too cheap which was manipulated here by some entity. Just have to work from behind...


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