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  4. Treaty Energy Corporation (TECO) Message Board

I'm not confident that the advertising of addition

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Post# of 39368
Posted On: 06/30/2013 8:33:51 PM
Posted By: DTL
Re: coolnapz #17418

I'm not confident that the advertising of additional TECO projects is enough to excite the market given the history of qty 2 successful wells over many years, the manipulation and the last 10K.  What are the costs to complete the new projects? Who is doing the drilling? What is the percentage of TECO's take? Will the oil coming off of Mitchell 3 and 4 pay for the new drills or will TECO need to increase the AS to 1.5B in order to pay for another 50 BPD or less producer?  IMO an increased AS and then OS for sure will only invite more manipulation and unhappy shareholders.  If Belize comes in then of course all that is offset with revenue and a great success story.  These answers will give me the answers I need to further invest.  Rhetorical questions of course unless you have the answers. We are on an uptrend, a club was brought in and I bought 20K .038 shares based on chart signals and heavy volume and the thought that we would easily break .04 and the possibility that the volume was a precursor to a Belize hit but it was artificial volume IMO.  I'm not saying that .038's are super expensive since they could end up to be very cheap.  They were considered very cheap most of last year but  I would have preferred .025's where we currently sit.  I'm not sure what to think anymore when it comes to TECO buy decision whether focusing on moving forward or not.  Cripes;  I only need .0313 to break even and it's like watching a David Copperfield show!  Now you see it; now you don't!



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