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  4. Treaty Energy Corporation (TECO) Message Board

Ive had my bouts with why management seemed to scr

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Post# of 39368
Posted On: 06/26/2013 12:46:44 PM
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Posted By: Vettehemi
Ive had my bouts with why management seemed to screw alot up in the past all the way up to the recent past but they have also made some smart moves.... This is just a theory now guys. Look at this one example, san juan 1 and 2 were split many different ways with a few companies. Treatys share is failrly minimal. They drilled those two shallow wells amd found some oil right. And messed up casing so on so fourth. All along they said they chose these two sites not becaise of possible large quantities of oil, but rather a good chance of good oil but mainly location and its accessabilty. Do we not all remember this? It was also said that they had a major play for the third well later on in a really good spot. Ok so lets recap, less oil , less % for treaty, chose location and accessability. Now we have san juan three which i beleive is 50 50? Go for the big oil thats hard to get to drill deeper and kabooya, were all swimmin in oil. Hell. No need to redrill the 1 and 2 until after we have about ten of these babies pumpin quadruple digits bopd. Now thats s,art as fu!! If you ask me. Just my opinion. But our opinion doesnt really matter much when you strike big oil in Belize. Manage,ent will likely stay the course of completion and when that os done , we will have money to focus on many more major projects, not to mention the pps will be somewhere past the cumulonimbus clouds.....


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