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  4. Treaty Energy Corporation (TECO) Message Board

In spite of all my jokes and bitching let's get se

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Post# of 39368
Posted On: 04/27/2013 1:55:06 PM
Posted By: DTL
Re: allbetson #11104

In spite of all my jokes and bitching let's get serious for a minute.  Any other shareholder who has worked or is working in the oil business knew from the beginning that the oil buisness is not a linear process.  It's more like a tree with a main trunk and many branches. Not all holes come into oil and so far Treaty has yet to hit a mark of any worthwhile BPD.  I've come to learn that it's like jumping from one leg to the next and dodging the pitfalls that were left behind by past mistakes,  poor management, old TRRC issues on old leases, etc.  I consider current TECO operations in a transistion right now which takes longer than just a few months.  I poke fun at their past BS and false starts but if they learn from them and can make something good out of something bad then I remain patient.  On the other hand I am nervous about the "Point Of No Return" where the money runs out and we can't continue the ongoing "trial and error" approach.  SOMEBODY NEEDS TO GET SMART AND FAST!  HOW MUCH MONEY CAN TECO RAISE IN ORDER TO CONTINUE ALL OPERATIONS SO THEY HAVE THE FUNDING AND TIME TO FIND AN ACTIVE WELL THAT WILL PROVIDE CFP RESULTS ASAP?  IS TNC/MITCHELL THOSE WELLS ACCORDING TO MANAGEMENTS COMMENTS DURING THE CC?  ARE WE CLOSE IN BELIZE?  TRIAL AND ERROR CAN'T GO ON FOREVER!  Good analysis and drilling in the correct locations  should be the ongoing concern since the PPS will follow success if better than average flow rates can be produced.



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