Just my opinion, but even this administration couldn't screw up what TECO has going for it. Think about it. Creating jobs. Buying equipment and therefore helping the economy. Building roads in foreign countries. Helping folks in foreign countries. Clearing old leases and getting permits for drilling. Stacking up new leases for future drilling prospects that will provide continued revenue for the company and profits for the shareholders. For sure the company is behind schedule on their past projections, but now they are rolling to the starting gate. And when the horn blows, and the drilling really hits, then this stock is taking off for new highs. Folks, that's right around the corner.

OLD NEWS tomj1. But thanks anyway. Already responded to by Bruce. But hey, got any new news on Belize or Texas.

Russian, sure an appeal can be filed. What that means is that the appeal filers have about a 1% chance of getting the rendered verdict overturned. But I guess losers can continue to give their money away to their attorney trying to get something for nothing, eh? Their action is kinda like the government going after Roger Clemens a second time after failing to get anywhere the first time.

What's happening in Belize today? Is the past rain and damange going to impede Treaty's drilling again? Anyone know?

So NYR2, does this mean that Treaty might begin drilling the Texas program sometime this next week? Some have already posted that the drilling in Belize could resume this coming week. If both begin, then this stock could really get back into positive play during the week. Seems like Cool might give us some insight into some share covering that could be expected if Treaty confirms oil in Belize with the GOB approval, and then hits a well in Texas, all this month.

Cool, if Treaty begins reentry in the first Belize well and the wireline test proves positive results as the company has previously stated, and then begins drilling the second well, and gets their Texas drilling program underway before the end of the month, what is your projection for a possible price spread by 6/30?

BO, it's just business as usual. You might read about the Hunt Brothers and others in the oil patch in the early years. They bargained for lease rights, then bargained for cash for equipment, then bargained for workers, then bargained for permits, and bargained and bargained. That is all Treaty is doing. Treaty has mentioned that they think there are potentially 85 well locations in their onshore concession that has been reviewed by geologists, and that so far is only about one fourth of the 200,000 onshore acres partnered with Princess. Therefore, they have more land to survey, and more well potential for the first acreage. Plus, they have the 1,400,000 acres onshore they acquired from Paradise. So, the number of potential wells for them to drill will take them a few days at least; who knows, maybe months the way they drill. But, it is probable that they will have well over 100 wells to drill in Belize. So to give up 25% more for capital for only 2 of those wells is just Bargaining to get what they needed. Of course I'm sure you understand that.

Three 10K important points.
1. The long mentioned suit that some posters are always showing has cleared Treaty, thus removing that as any possibility of liability.
2. The company appears to have acquired sufficient properties with potential prospects for drilling that could allow for siginificant revenue opportunities for the company.
3. It appears also that the company now has it's equipment secured that will be needed to move the drilling operations forward without continuous interruptions that have previously derailed all posted timelines and should allow for continued drilling situations for the company.
Now, let's get drilling, both in Belize and Texas.

So allbetson, you're gonna leave us hanging on your statement that there are more problems you heard about in Belize for Treaty. Com'on, fess up and post them. Then we can see if we need to check them out and be concerned.

Gee BO, three miles is more than 15,000 feet. There's a large river near here that is about 250-300 feet wide. It is continually flowing. Yet, you can test the soil only 1000 feet away and there is no seepage from the river, even when it's near the banks. Sure, water sands can run for miles and miles, but guess what, monther nature itself can allow for oil seepage from its source into the water table. Ever gone to the Gulf of Mexico and checked out any oil seepage from the surface. It's probably from a fissure in the gulf floor bed. Don't get so wiped out about wells three miles away.

Or maybe 10's. You don't know. Wasn't it you who once posted it would drop back to a penny one time? The real question is if they have a wireline test that confirms Treaty oil in Belize, what will the pps rise to? And if they hit oil in the new wells being drilled in Texas, how much higher will it go over the high for the year?

BO, as others have, I also thank you for your efforts. It really looks like Treaty is gearing up for action. And what I hear is Monday or Tuesday possibly. As for students, you might have to consider the potential liability Treaty could have if outsiders, including students, were allowed on to their site. Normal safety precautions should be undertaken as with any operation. However, the idea is good and perhaps after they begin production, and have a somewhat safer environment, then perhaps students and others could be invited. And perhaps as well, by then they might have the necessary means to obtain the necessary liability insurance that would cover anyone on site. But that's just my opinion. In the meantime, we are apparently down to just a few days before we hear the wireline results from the Treaty well. Next week could be a really nice week for shareholder value.

You don't know that, period.

Correct(ed).

Busyoil, the document states "offshore leases." Currently Treaty is operating onshore only and in fact from their engineering reports have enough hydrocarbons defined in their onshore territory to provide three or four years of drilling. Plus they have the lease they acquired from Paradise, so they have pretty close to 1,600,000 or more of onshore leases to work with. That in itself is a huge amount.

tdbowieknife, you are right on this one. I simply put the wireline info in after the comment about casing. Either way, we should know something next week. Hold on to your horses. Keep the beer cold and kick back for a few days.

Sit tight tdbowieknife, by about this time next week, they will have cleaned out the first well and should have it cased. After that they will do a wireline test. By Friday next week, if all goes timely, you should have your answer as to whether TECO has a productive well. Of course you do understand that a productive well doesn't really have to produce much oil on a daily basis, don't you? So you might want to qualify your productive comment with some quantity. But then, that would just be your preference, wouldn't it? Since TECO has identified some 85 potential well sites, then heck, if each one only produced say 30 bbls per day, that would give us about 2500 bbls per day if they drilled them all within about three years. Not a bad production volume. Of course, if it is a good deal more, then so much the merrier. Cheers.
PS: And don't forget that TECO has only evaluated about 10% of their holdings.

Good shot. Look for a possible triple by the end of the month. Heck'uva deal. Probable news next week on drilling in Belize beginning and Texas new well drilling beginning. Yep, get those brewskies ready.

Quick points! Just returned from a much needed three week holiday in Europe. Interesting country which seems to be much in the same mode as TECO. IE, they are taking longer to get to terms on their economic situation than people would like. Same for TECO. They are taking longer to get to drilling than investors would like. However, some good news on that front may be coming. A buddy mentioned that a ship had just arrived in Belize and Treaty had some cargo on board. So, with that in mind, it appears that drilling in Belize might resume by next week. Remember, everything has to clear customs and then get transported to the drill site. Also, one thing caught my attention when reviewing the photos from Belize. The company will be using the repaired large Schram rig, and it possibly could be that they will have to reinforce the base for that heavy of rig before they can drill to clean up the first well and case it for testing. With that in mind, we might get news on Belize, which it is hopeful that it will confirm the initial reports of an oil well that could produce at least 50bbls per day, by mid week next week, or the end of next week. As for Texas, everything is being readied by now for drilling by next week. So, while the company is again behind schedule, they are getting everything in place to function operationally in the field. For investors, this time has been long awaited and hopefully our patience will be rewarded. I know there has been talk of a second well site in Belize and it may be possible that the company could even get started on drilling that one before the end of this month. It seems like Cool has posted that if TECO can just prove up the initial well, we should get back to the .10 level, or possibly even the .13 high mark of a few months ago. If that is the case, then the second Belize well and the first new well in Texas could really push the stock to new highs. GLTA.

Just read your post Bull, so back up everything I posted for a probable report by end of next week and possibly the following Monday or Tuesday after the wireline test confirmation. Keep us posted Bull. And thanks for your continued support.

Someone says mid week next week, someone says Monday. If they begin drilling today or tomorrow, thursday, then it might be mid week or end of next week as they will want to do things carefully and then wireline test the well. I'm guessing Treaty will not put out any info until the test confirmation. JMO

Personally geo, I like the smell of both oil and gas. However, when TECO hits again in Belize and Texas, I will also like the smell of steak and champagne. Luck to all the longs.

Yep, we're aware of the repairs. Thanks for the link to the info and the pictures. Everything is look good and ready to go. We should have good news in a couple of weeks in Belize, and good news as well from the first well in Texas. Rockin.

Right DTL. There was no movement because there was no activity, and none reported about any movement of the rig. However, you don't see the smaller rig, do you? If so, let me know as I missed that. Thanks

Ya reckon Treaty would spend the money on a new field office trailer, unless of course, they knew they found oil? Hhmmm. I'd bet within a couple of weeks, we'll be seeing a lot of activity around this site. Get your camera ready. And maybe take a swab of cotton to get a DNA sample of that oil, if you can get close enough. And folks, I'm get'n ready to rock.

Gwynn is only one person, and while he may have many contacts, a time comes when a company needs to move it up a notch and utilize other resources that Gwynn may need an introdution to. Is he doing a good job, appears to be doing a good job. Can someone do a better job? Unless one person can accomplish 100%, and I have yet to find one that can, then there is always room to listen to others. That's what I'm suggesting. And a teleconference call will allow the management duo to answer questions that investors email in beforehand. It could enlighten us all and provide positive feedback.

How about a Teleconference with Gywnn and Reid? I've seen stocks linger like TECO for years until someone decides to really pull the plug on getting the news out. Sometimes a teleconference can do just that especially if the IR will get some media guys to be a part of the listening audience. We need to hit our first two wells in Texas, and confirm via wireline in Belize and then really get the word out on positive news and get this stock moving. As Big John would say, Man the torpedoes and full speed ahead. Blast the shorters to heck and back. Well, no, forget the back. You get the picture.

CONCUR! Another BINGO!

BINGO!

Belize News! The ship has sailed with the equipment, parts, substructure, and whatever else was needed for Treaty to resume operations. It should hit port first of next week. Allow probably three days or so for customs. The substructure had to be divided into sections for trucking and shipping purposes, and then when it clears customs in Belize will have to be trucked to location, in sections, and then rebuilt. So, hopefully by the end of next week, everything will be on site in Belize that is needed to renew operations. Possibly count on May 23d to the 25th for the rig to be set up and ready. That means drilling could begin again and possibly we will hear something by the first of June. Remember, this time Treaty has indicated they will have the confirmation of the Belize government and Princess before any news is out. Once again, MOMO is beginning to build. But... there's also news for Texas. The equipment, including the rig should be there by this weekend and it is probable that drilling will commence there by mid week, next week. The way I see it is any success within the next three weeks will drive this stock to possibly new highs. I know that .13 is a run from today's price, but confirmation in Belize and a hit in Texas sets this stock up for higher prices pretty darn quickly.

Treaty has the right to drill 3,400,000 acres in Belize, right? Otherwise, you are way off.

Ah yes. That blaring horn is the sound we've been waiting for. Clear the pad. We're getting ready for launch. Everyone ready?

DTL, I don't think the 10K has much to do with the Wilson rig. What I think it has to do with is the number of companies, contracts and leases the company acquired last year. As you may know, all of them have to be audited. My guess is that they probably didn't have audited statements when acquired. TECO did a lot last year. All, everything, has to be audited for full reporting going forward. It's a huge job for a handful of folks. I do know it's getting done. Right now, get ready for the ride. Could be pretty nice.

New Money commitment, New Rig, New upticks in price; yup, Treaty is getting ready for the big show. I still think we could be at .25 by the end of June. Think about it. Complete drilling and testing the first well in Belize. Drill the second well and test in Belize. Begin the Texas drilling program and get at least four of the wells completed which could bring in enough revenue for the company to become cashflow positive. Hey, we could make enough money for a little summer retreat to Belize for the longs in this big boy. Picture this. Nice easy lounger by the beach, under a nice big palm, with a nice cold beer, and the noise of the waves in front of us, and the roar of the drilling rig behind us. Now, that's living the good life. Bring on the beer. And, oh yeah, bring on the money.

Folks, with what I see in the new rig pictures, if Treaty is getting something like that, we're in business. That's the real McCoy. Now I'm really looking forward to more drilling in Belize. Positive results shortly from Belize and Texas will propel this stock tremendously higher, and very soon. The folks who have been long and strong in this stock will be handsomely rewarded. But hey, it may not be wise to sell with just a run up. This company appears to be getting ready for the long haul. Therefore, I'd recommend looking out a few months and seeing what could happen. I think there is a possibility that if Treaty becomes very successful, the company could become a take-over target.

Russian, your post. "we purchased 20 MM shares of our stockfrom to a related company also controlled by our Chairman and Chief
Executive Officer, Andrew Reid." Seems you again are confusing TECO with another company transaction. Perhaps you don't see the words, "related company."

Allisone, prove it with a link or some actual factual data that proves it. After all, you are listed as a moderator. Surely as a moderator you will back up any statement of fact that you proclaim.

Weekend Question. Potential Prize Winner!
Treaty Energy has over 3,400,000 acres of lease concessions for drilling. Where does that rank it with all other energy companies in the world with the size of their leases? The answer might come next week, maybe, but no later than May 14th. I think everyone will be absolutely surprised with the answer. The person who gets the correct answer or comes closest, but within at least two places, I'll buy them a beer in Belize. Now, you'd better get to checking. If there is a tie, then we'll have another question with the winner breaking the tie and claiming the prize.
And don't forget Treaty will begin drilling their new wells in Texas next week. Got your shares yet?

While it only takes a week to drill each well, it might be ten days or so for the first well. Then possibly one a week after that. And keep your fingers crossed. By the way, it will be the deeper wells that will really ring the bell for TECO.

Morts, I think your 25PE is probably more in line, but remember TECO is still in an infant stage. When considering multiples, it is not only the actual revenue multiple, but the future opportunity that is possible to move that number higher. For instance; if TECO does confirm possibly two reservoirs of oil in the first field, and then confirms even one of equal volume in the second field and the same in the third field, there is still further potential in the Paradise lease of 1,400,000 acres that hasn't even been explored by geologists. Plus, the possibility exists for the deeper wells in Texas to be larger than Lee projected. I'm not projecting any number, but just saying that investors may give a higher multiple for TECO just on the proven opportunity of greater production and multiple reservoir volumes they find.