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  4. Treaty Energy Corporation (TECO) Message Board

Bringing wells online monthly, or just regularly,

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Post# of 39368
Posted On: 06/06/2013 11:51:34 PM
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Posted By: coolnapz
Re: braveheart #14754

Bringing wells online monthly, or just regularly, would have a dramatic impact on our stock price. I have been watching a penny E&P stock called FEEC that hydrofracs for CBM gas in China. They have made no money in the last 3 years, and were 27 million negative net income last year. Their stock went from 30 cents in July of 2012 down to 4 cents in January.


It had a minor pop up in late Jan but pulled back to 4 cents in April. Last month the PR'd and 8K'd that they had just completed 7 wells, then later last month they PR'd a total of 21. The stock shot from 4 cents up to 18 cents. I think the wells are completed but I don't think they are in production yet, but screw it, they have 21 wells completed in 2013.


With TNC and the wells we are looking at in Taylor county alone, I think that there is a good chance Treaty will just start banging out productive wells and start really moving the stock.



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