Ask... And you will receive ...................
Post# of 39368
Ask... And you will receive ................... From... The Jeanie in the Bottle
Catalyst 1 In Texas the Company has secured a funding commitment of $2,100,000 to drill an additional 20 wells once the McComas –A- 20 well is placed into production. We expect to be in full production, as well as have BOPD results in the next 2 weeks. We are in the process of permitting at least 2 additional wells on the McComas lease and will begin drilling immediately once permits are approved. We estimate that we will be able to place the additional 2 wells into production during the first quarter of 2013.
Catalyst 2 Delayed, Pistol now drilling is the delay. Funding released after first 2 wells completed. Roughly 300k to complete more drills out of lease. Funds released thereafter according to funding agreement.
We plan to commence the drilling of the first 2 shallow Wooldridge wells, which are already permitted, the week of December 1 st , 2012. Once the first two wells are placed into production the remaining financing will be available and we will begin the process of permitting and drilling the remaining 10 wells in the project. We expect this project to be fully completed in early 2013, and add an estimated 100 BOPD in production.
Catalyst 3 Pistol just needs to get on site and begin work. I want to go out there to see the project and I will as soon as I get the approval of home office.
TNC Energy to Fund, Develop, and Produce all leases and wells recently purchased by Treaty Energy located in Converse, La. ( Sabine Parrish ).
Under the terms of the proposed agreement TNC Energy will provide all development funds necessary to bring into production the 50 existing wells, as well as the drilling of additional wells upon completion of the work overs.
TNC Energy has related to the Treaty Energy management team, that their engineers have estimated production levels of up to 600 bbls/day out of the 50 existing wells after completion of the work overs.
Catalyst 4 This should be completed within the next 14 days. We will hear something early next year. I figure mid Jan. soonest.
San Juan 3 and 4:
We have applied for 2 additional Permits for wells a mile north of the initial San Juan Wells. We are currently acquiring casing, pipes, and mud to be loaded during the next 2-3 days out of Houston. The truck is expected to leave Houston by Thursday and to arrive in Belize on Monday morning. We will be clearing the location and preparing the pad sites by this weekend and expect to begin drilling sometime around the week of December 26th. We expect drilling to take around 5-7 days.
Max Mohamed
Project Manager
Catalyst 5 X Factor.... A Big Deal could happen. Don't count on it.
I'm reluctant to even mention a major deal. But it's something to have in our thoughts as it seems TECO management has been working on something that I am not really privy too. The only thing I can give you is this link. It's pure conjecture based on noting concrete as of yet, and no counting beans until a PR is released and we can get a conformation that such deal even exists. We need to get get a close look at " The Deal" if/when anything is ever announced to add any numbers to our current fronts/catalyst.