This was posted on FB this morning.
Treaty Energy Corporation Tom Jatho, it is not that 'management's lips are sealed' we just will only put out updates that (a) we can provide and (b) after a major event has happened.
Currently, we are still undergoing operations on San Juan #3, but cannot reveal any details w ithout approval from the Government of Belize. This statement isn't indicative of the San Juan #3's status in the slightest. There has been NO official word from TECO on the well's viability, any other source is considered unofficial and should be treated with circumspect until the Government of Belize issues a final statement on the well's status. We have maintained this position constantly and have told shareholders that once we have been granted clearance to announce something, we will. Until then, San Juan #3 is considered to still be undergoing normal drilling activities as we have constantly maintained.
TRRC issues are handled on a case by case basis and are being handled by US Fuels currently. Many of the sources that shareholders have referenced to us come from 'iHub.' These same sources indicated that the company would be put out of business on May 1, 2013 by the TRRC. Clearly, this is untrue and this appears to be another situation similar to that. As with all government agencies, there is usually a lot more communication displayed than just information posted on a website or formal letters. Rest assured that any and all issues are being resolved as we speak.
At HQ, we are currently working on the 10-Qs (two of them), the Stockton Lease project, the Standard Lease, and planning on the Murl lease. The one thing that shareholders need to consider is that like all major projects, there is a lot of planning that is involved in starting a project. 95% of the work into drilling a well happens before the drill hits the ground. The SHORTEST part of all drilling operations is the actual drilling. Before then, there are months of planning. The Stockton lease acquisition itself took about a month and a half to finalize the assignment on. Many times, the TRRC has a holding period for many issues to 'investigate' the potential pollution effects of a new drill. There are many things to consider before drilling. TECO has made great strides into speeding up the Stockton project and hopes to complete it as soon as possible. However, there is still a considerable amount of paperwork and arrangements to be made before drilling can begin. Management has been hard at work since the first announcement of the Stockton lease to get it done as quickly as possible.
If you, or any other shareholder, has any questions the best way to get answers is to always call or email us. Our number is 504-754-6927 and our email address is investors@treatyenergy.com.
Currently, we are still undergoing operations on San Juan #3, but cannot reveal any details w ithout approval from the Government of Belize. This statement isn't indicative of the San Juan #3's status in the slightest. There has been NO official word from TECO on the well's viability, any other source is considered unofficial and should be treated with circumspect until the Government of Belize issues a final statement on the well's status. We have maintained this position constantly and have told shareholders that once we have been granted clearance to announce something, we will. Until then, San Juan #3 is considered to still be undergoing normal drilling activities as we have constantly maintained.
TRRC issues are handled on a case by case basis and are being handled by US Fuels currently. Many of the sources that shareholders have referenced to us come from 'iHub.' These same sources indicated that the company would be put out of business on May 1, 2013 by the TRRC. Clearly, this is untrue and this appears to be another situation similar to that. As with all government agencies, there is usually a lot more communication displayed than just information posted on a website or formal letters. Rest assured that any and all issues are being resolved as we speak.
At HQ, we are currently working on the 10-Qs (two of them), the Stockton Lease project, the Standard Lease, and planning on the Murl lease. The one thing that shareholders need to consider is that like all major projects, there is a lot of planning that is involved in starting a project. 95% of the work into drilling a well happens before the drill hits the ground. The SHORTEST part of all drilling operations is the actual drilling. Before then, there are months of planning. The Stockton lease acquisition itself took about a month and a half to finalize the assignment on. Many times, the TRRC has a holding period for many issues to 'investigate' the potential pollution effects of a new drill. There are many things to consider before drilling. TECO has made great strides into speeding up the Stockton project and hopes to complete it as soon as possible. However, there is still a considerable amount of paperwork and arrangements to be made before drilling can begin. Management has been hard at work since the first announcement of the Stockton lease to get it done as quickly as possible.
If you, or any other shareholder, has any questions the best way to get answers is to always call or email us. Our number is 504-754-6927 and our email address is investors@treatyenergy.com.
