Lately I have not been a huge fan of our Belize operation. We are not a party to the litigation but our concession partner apparently was. That is concession number one. But we bought another concession from Barrow's nephew about a year ago. That concession is totally land-based and requires attention too. I assume Belize will desire the San Juan No. 3 completed, logged and finalized; and if it is commercial I will assume they wish it to produce because it would put money in the treasury and shore up the "illusion" that commercial oil exists in Belize. I hope it does but we need to produce oil; and wildcatting in Belize is a long shot. We need to conserve capital and we apparently have a lot of work to do in Texas, which will be expensive. So, I hope things turn out well for SJ3 but what portion of its production would actually reach Treaty Energy, and what will we do with the second concession that does not appear to be involved with the current litigation in Belize, and God help us if Mitchell does not produce a string of successful press releases over the nexr 60-90 days. At least Bull seems to have his eye on the ball, the only thing that matters is oil production, we need oil and we need it now. So I'll keep my fingers crossed on TNC showing up and spudding in on Monday morning. Good luck everyone. Tell me what you think the company should do with its second concession property in Belize. Oiljob
P.S.: I thought the Madely "F" was suppose to be our "foundational" well, together with the 4 pad project .... and then suddenly we stopped getting news out of East Texas, and I've never really understood why or what actually happened back there. Where is the Lakeside production? I'm not griping but I would like some straight talk.
