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Keep in mind their is a proven 6mm barrel reserve

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Post# of 39368

Posted On: 08/16/2013 7:40:29 PM

Posted By: DTL

Re: Sleepy17 #19262

Keep in mind their is a proven 6mm barrel reserve there. I have no doubts of that fact. The trick, task and talent is finding the correct geological location in X, Y and Z coordinates to drill and find the fractures. I could be wrong and maybe some of the SME's on this board can correct me but the closer they get to oil producing fractures and water producing fractures then the closer they can get to the mother load fracture locations. I assume the fluid chemistry comes into play as well and not just the pressures, etc. I do not want to see the company give up on Belize. I want Texas to fund Belize and future Texas projects and with oil at $100+/barrel and better net percentages; TECO should have the future funding to do just that. Belize could make TECO a half billion dollar company in years to come and I'm still a believer. I just wish they would move faster and those working for the company who are suppose to be business developers and funding experts; find some funding without further dilution. HOW IS GEORGE WARREN AND TANJUNG DOING WITH WHAT THEY WERE TO BRING TO THE TABLE?

Warren, George

Brief Biography

Mr. George William Warren Jr. serves as Non-Independent Non-Executive Director at Tanjung Offshore Bhd since August 28, 2007. He holds a Bachelor of Science Degree in Accounting (Graduating with Beta Alpha Psi Accounting Honours) from the Louisiana State University, United States. In 1993, after graduation, he joined Wegmann Dazet & Co., a professional corporation of certified public accountants in New Orleans, Louisiana, where he was both a Senior Auditor and a Forensic Auditor. In 1997, he was appointed as the Managing Director of BWB Controls, Inc., Louisiana, a manufacturer of pneumatic, hydraulic and electric surface safety equipment engineered specifically for the oil and gas industry. In 2006, he became a Director in Mezco Fabrication, L.L.C., at Carencro, Los Angeles, a manufacturer of precision sheet metal parts utilising laser cutting technology for the oil and gas industry, a position he holds until present day. Mr. George Warren also serves as a member of the Audit Committee.