Where will the money come from to drill Texas if B
Post# of 39368
Posted On: 07/14/2013 1:58:18 PM
Where will the money come from to drill Texas if Belize fails but TECO keeps drilling those 8 holes? Shareholders haven't been provided a copy of the business plan. Who the hell knows what their financial plan is? For all we know Gwynn and Bull discussed a 1.5B AS this weekend to fund the next couple Texas wells. What percentage does TECO receive on the new wells? Costs to drill? Odds of a substantial BPD return? Hence the risks of a TECO shareholder. I personally never ignore the risks but I do accept them. It shouldn't take a trip to Texas to get these answers from TECO. Publish the financial plan if there is one. Publishing new projects has little meaning without specifics about how they plan to implement or execute them. What's the big secret TECO?
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