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Day trading in penny stocks really makes a mockery of the word "investment". Day traders have overhead expenses too, like rent and gas and groceries. then on top of that at the end of the year they get to pay Uncle Sam up to 35% of every dollar earned day trading, Ridiculous.
As the news comes in the day traders will be trading with themselves. More and more people will be holding, particularly if the first well hits commercially.
I'm not sure I'd ever sell my half penny stock, it creates wealth, I can give $13,000.00 a year to anybody I wish, I possess a lifetime gift of a million dollars. Why pay taxes, when you can create wealth, and build strong families. I can only hope this is life changing for those long and strong.
With wealth you can take out reasonable loans and write off the interest ... at least until the Dems take that deduction away too.
Be patient, ... Oiljob
P.S. Ignore the day traders !!!!!
Hey Fib (errrr Slow Feet)... that was a triple back flip with a half twist ... I'll score you a .07 out of .10 on my scorecard... easy... Oiljob
Just: I know it's a little over the top but I still like to write the word "Bullet Train" on a yellow pad at least once a day while thinking about this company. I don't think our wait will be too long .... our biggest problem will be the rain in Belize over the next few months ... I would expect it to cause a few delays. But if you look at all the substantive PR's over so little time ... these are real rigs, real leases, producing real oil, real drilling contracts with third parties, real equipment being shipped to Belize, and I am expecting a big Kansas PR any minute now.... (lol) Oiljob
P.S. Have a good day everyone ... it's still early morning (we are still a start-up) but the dawn will be here shortly (we will be drilling in Belize very soon).. and light our path to success.
Ya gotta love metaphors.
It's hot and humid in Mobile, Alabama today. Scattered clouds and showers. Looks like a coastal micro storm passing through. Dinky. 88 F...... Should be good loading weather tomorrow and the rest of the week. Oiljob.
P.S. Ignore the day traders.
The OTC market, as I underestand it, and I'm not a securities lawyer, consists of four components: the Nasdaq National Market, the Nasdaq Small Cap Market, the OTC Bulletin Board, and the OTC Pink Sheets.
To uplist to the National Market, costs the company a nonrefundable application fee, like $25,000.00 I think, and an initial $5.00/sh. stock price. You must then maintain a stock price of over a $1.00/sh. thereafter to remain listed.
Ergo, our initial stock price target would probably be a $1.00/sh. (or slightly better ... as they average your stock price over a certain period of time for qualification) and the company would institute a 1-5 reverse stock split to meet the listing requirement.
I'm no expert on this stuff and people can feel free to correct me and this post all day long... day traders are often far better informed on these matters. Oiljob
All things are possible with Treaty Energy. Think of this stock as the biggest Christmas present you're ever gonna get..... lol
Gooooooooooo Lemmmmmmmmmmmmings. Oiljob
The control of MM's is illusionary. I subscribe to the "Lemming Theory" with penny stock.
Once the lemmings begin to run the MM's lose control, the pps moves up, and the companies up-list. With TECO it's only a matter of time ... a very short period of time now imo.
Belize is a market buster .... let me see what my crystal ball says.... yes the lemmings are running... we hit oil in Belize... we up-list... our stock splits and .... our company is driven by true market forces in a capital driven market..... GO TECO. Oiljob
WOW ....told you so !!!!! Oiljob
Your Texas post deals with shale, and the underlying method of extraction known as "fracking", pumping in water under high pressure over miles of horizontal well bore..... The Bakken in No. Dakota is best known for this extraction method..... and note the oil revival going on up there.
Our wells are too shallow, if they even possess shale bearing formations, which I doubt, and our leases too small.
But were we to drill deeper and locate petroleum shale deposits, with low permeability, and we could enlarge our leaseholds or oil sharing agreements with other lessees then it would be possible to frack. Currently it's not an issue or a possibility a far as I know. Oiljob.
The good news is we are getting a rig capable of drilling to the depth of typical exploratory wells in this day and age. More good news, our initial equipment shipment should leave Mobile, Alabama or or about 7-10-2011.
The bad news is we are now entering the rainy season in Belize, the forecast for early July includes almost a daily rain possiblility, so break out the ponchos. Oiljob.
P.S.: The rainy season in Belize lasts from June to November.
As a boy I spent a summer in eastern Peru. On a wide river in a dugout canoe, you could literally watch a wall of rain approach you across the river, and then you were in it and drenched. It might last 10 or 15 minutes and then more clear sailing. The tropics are a little unpredictable, however in Belize, (our concession) being close to the ocean (literally coastal) the weather should be a little more temperate, and hurricane activity is at an almost all-time historical low. Food for thought.
P.S.S.: Operations like this require detailed long term planning, and our corporate team so far has demonstrated the ability to make quick decisions improving our over-all business outlook.
Chapter One: Did you hear that, that crrrunching sound; that was the sound of the gravel under the wheels of our new Schramm 450 air powered drill rig rolling down the road to our first exploratory well in Belize. Upate, later this month ..... Oiljob
Post Script: Feel free to add more chapters to this story.
Providence Energy Group owns the offshore concession area contiguous to Treaty Energy's area in southern Belize. When they were granted their contract in 2007 they released a press release which read in part as follows:
Exploration in Belize has hardly begun, which is interesting since nearly all of the 57 wells drilled there either had oil shows or are currently producing oil, indicating the source rock is exceptional," said Providence Energy Group CEO, Scott Bayless. "There are 20 times more wells drilled in the state of West Virginia each year than in the entire history of Belize, and nearly every well was explored years ago with rudimentary technologies that we would consider antiquated by today's standards."
With the recent discoveries in Belize, there is little doubt whether hydrocarbons exist there. According to Dr. Kyou Kim, PhD, Providence's senior geologist, "Belize is very significant in terms of petroleum geology. Approximately 200 million years ago the Yucatan peninsula was adjacent to the coast of Venezuela, where some of the largest oil fields are known to exist. That this peninsula (encompassing Southern Mexico, Guatemala and Belize) holds the 2nd largest oil field in the world (the Cantarell field of Mexico) is no coincidence," stated Kim. "This region resembles the Gulf region of the Middle East, which holds over 50% of our known reserves. Not only does the Yucatan have a similar geology as the Gulf, but it also has an analogous subduction zone -- a geological phenomenon which continually generates both petroleum and petroleum traps and renders the 'chicken-and-the-egg' problem of timing somewhat irrelevant."
The subduction zone Dr. Kim refers to is an area on the western coast of Mexico, where the organic rich sedimentary Pacific basin is folding underneath the Mexican continental shelf at a rate of about 5 to 15 centimeters per year. Similarly, the Saudi peninsula is folding underneath Iran, which Kim believes is the primary generator of petroleum and traps for that region. The timing problem, he referred to, constitutes an industry concern that traps are oftentimes created before oil migration, which renders them empty. With a subduction zone, on the other hand, oil is continuously generated and traps are continually formed.
The Company believes not just that Belize will become a significant petroleum state, but that its concessions will be a major area of discovery. "We are more than elated with the location of our concessions," stated Bayless. "They are strategically positioned in southern Belize where we believe a major oil migration path extends from Southern Mexico and the subduction zone, through Guatemala, into Belize."
They seemed rather upbeat, then (in 2007), but we haven't heard much from them since. Again I see no evidence that this group is publicly traded. Our southern concession area is immediately next to the Providence concession area but strictly on-shore, making our property much more valuable considering the national discussion Belize is currently having over offshore drilling. Providence could resolve the offshore drilling discussion if they were to attempt an exploratory well following a successful (a commercial) well by Treaty.
For instance we could get a picture of a rig being placed aboard an MCW Shipping liner with bi-weekly service to Big Creek, Belize, out of Mobile Alabama.
At least I can see it in my "mind's eye".
I propose that Treaty "name" its three rigs, and begin keeping a "picture album" on the corporate website; so we can kinda follow along as the "Princess #1" arrives in Belize and commences exploring our concession, or so we can see "Reid #1" and "York #1" go to work in Texas. A few pictures would be nice.
Watch this stock jump the day our rig lands in Belize.
Watch this stock jump the day our rig lands in Belize.
Congratulations to all our patient shareholders, and thank you Mr. Reid. Back in Dec. We were just another OTC story stock, but now the story has become reality. Mr.. Reid is on the verge of making Treaty an OTC legend. The stuff dreams are made of. When we hit that oil in Belize everybody in the oil industry will be talking about it and attempting to duplicate what we have done. I say job well done Mr. Reid .
Shhh, you are in the library ... no talking allowed. Nevertherless, from the Encyclodpedia Britannica, we read "anhydrite, an important rock-forming mineral, anhydrous calcium sulfate (CaSO4). It differs chemically from gypsum (to which it alters in humid conditions) by having no water of crystallization. Anhydrite occurs most often with salt deposits in association with gypsum, as in the cap rock of the Texas-Louisiana salt domes. Anhydrite is one of the major minerals in evaporite deposits; it also is present in dolomites and limestones, and as a gangue mineral in ore veins. It is used in plasters and cement as a drying agent. Anhydrite crystals possess orthorhombic symmetry"
This is the caprock mineral in most of the Belizean oilfields. In nature it occurs when large saline playas or reef protected benches slowly evaporate in the sun... one of the "facies" or environments producing a variety of minerals at any point in time as you draw a line across a beach inspecting the rocks nature is forming over time. These environents shift back and forth over one another, time and again, creating columns of carbonate or silicate sands, capped with anhydrite, which eventually trap the oil we are looking for. When the coastal geology subsequently deforms the hydrocarbons percolate through the porous sand and reef rock to produce little concentrations or hydrocarbons, hopefully up and down that old beach front, which in this case streches from the ancient sedimentary deposits of the Maya Mountains far out to sea. Pray for two or three layers of anhydrite in the litholgy we drill through near Monkey River (or wherever it is we first spud-in). And that is your geology lesson for the day. Class dismissed. Good Luck and Good Driling Treaty ... though today is hopefully a "new day" for our operations in Texas. Goooooo Texas.
mmmmmmmmmmmm, no talking and no volume. I rest my case. :) :)
And, fmi, I miss our corporate Treaty logo, that made it easy to go to the corporate website.
I've looked at that map before. It suggests the immediate beneficiary of any oil strike around Monkey River is a company called U.S. Coastal Energy Belize, Ltd. , and of course Island Oil. I think the old Island Oil (the one who drilled the little well offshore at Monkey River} was actually a Guatamalan company, and this new Isand company is a spin off and I presume Belizean. But how do you invest in U.S. Coastal, and who owns them? I think Treaty is the only company which is not closely held; the only company openly trading on any market, and I don't think Belize actually has a market yet. I'm kinda thinking out loud, and if I have any of this wrong please feel free to fill in the blanks. But it would be nice to buy in on the ground floor in at least one other company, preferably before we strike oil.
And you can see just how small our concessionn area onshore really is. We have a massive tract of land offshore.
1 We'll just have to agree to disagree...2. I really like the new picture of corporate headquarters (now I know where to go to put in my job application), good work fmi, (where do you get this stuff)... and 3. When we get that first barrel of Belizean oil we can throw a "Doe" party and tar and feather the defendants, shouting "I told you so" and eating Black Crow cake... of course we'll need to get some Belizean beer :)
If everything in Treaty's complaint were true, and I were the judge, I'd grant the first demurrer filed, and dismiss the entire complaint with prejudice.
The chilling effect of this lawsuit on this board is already evident. Who is going to upset Treaty next and get sued, maybe it will be one of our moderators. Treaty doesn't own this board. This is first amendement territory. Someone's blog opinion normally doesn't give rise to a slander per se, or a malum per se, or a libel per se. Treaty's on pretty thin ice, and pissing a lot of people off; but now they're too scared to say anything, they might get sued. This is just plain wrong.
Their busines is oil, our business as shareholders is the production of oil. Stay focused and produce some oil! Bashers disappear (vaporize) with performance, while the rest of us get rich, hopefully.
I'm just telling you...suits like this normally start out with a cease and desist letter. But they don't know where to send it. Everybody is sued as a "Doe" defendant, meaning the company is ignorant of their true names and capacities. I doubt I-Hub will cooperate ... right to privacy and all that. So this is a very expensive shot across a strangers bow. They have a very limited time to serve these guys.
As for being new, I was an investor in Alternative Energy, Inc. too. And I lost money too. But I still like the concept of a black box able to separate water into pure hydrogen and oxygen. We need that box, just like we need this oil.
Brrrr ... kind of chilly in here. Defamation? Truth is a defense. I hope this company managed to hire contingency fee attorneys. I don't like big brother messing with my First Amendment rights. Maybe the company could send someone down here and explain how they have been damaged since December 2010 as the stock went from .005 per share to .05 per share. I love this company...but lets stay focused. I dont want to sit hear and read about bloggers getting sued. Attorneys are a bad breed. There are two sides to every coin.
Friends and Fiends: Once the rig is on site, we spud in and open the hole... that bit is enormous. We open the hole to probably 350 to 500 feet, pursuant to local regulation to protect the water table, case, cement, and set our blow-out prevention equipment. Most rotary rigs with mud, hydraulically drill about 1000 feet a day. What an air drive can do would be interesting to know. So we should drill to TD (total depth) within a week, re-case, cement and log our well. This is the completion phase. The logging is a geo-physical examination of the well telling us where to perforate the casing to allow production of either gas or hydrocarbons. Wells flow freely, I've seen 20,000 barrels per day, but are immediately tweaked back to preserve the field. The water and gas compress the oil creating a natural flow. Pumps are only placed on fields when the forces of nature are exhausted. Once the logging and field tests are complete, the well is either declared commercial or capped. That is oil drilling in a nut-shell.
Obviously, there are a number of sub-contractors involved in the operation, even though we are drilling the well with our equipment.
Oh Lexx, sorry: My glass is definately half full, I'm not sure today reflected anything more than what was occurring on the larger market as a whole, ergo, probably an excellant day to add to your position.
For those of you who peruse a website called RigZone, Treaty's aquisition of a drilling rig for its Belizean project appeared on their wire today too.
I thought it was Carpe Diem .... in any case there is a good article re BNE in the American Oil and Gas Reporter, Editor's Choice, for 6-1-2011.
It's a national discourse....not a national uprising. And we are in Belize....what does Panama have to do with us????
Justthere: Yea...many years ago I was a pipe racker working a Tenneco/Texaco lease just north of Tejon Pass in California. We were drilling a little channel sand 20,000 feet down. We hit that target 4 out of 5 times within 6 months. The geophysics were that good back in the early 80s.
The contract with Princess is not Smoke, the geophysical survey is not smoke, the identification of our initial drilling locations is not smoke, and our progress in Belise has actually set off a national debate in that country over offshore drilling.
This morning's rhetoric is simply telling everyone reading this Board exactly who the bashers are.
This is good news, we are in the oil and gas business. Remember we have our own rig, we have an operator's number, and we are currently operating that rig under contract making money. We will soon be moving it over to our leaseholds to pursue our own developement projects to increase our daily production, dependant upon the underlying geology.
Nevertheless, the name of this story is : Belize.
It's called a contract. In this case as long the initial payment is tendered on or before 5-31-2011, we are the owners.
Get real. If you want to bash this company then at least provide me with negative information about the stratigraphy and lithology of our wells. Instead you tell me what it smells like. Is this a joke. I don't care what it smells like if I can put a Gasgun on the well and make it start producing at 50 barrels a day.
These people are idiots. There are about 6000 wells in Taylor County, there are about 63,000 owners. This information is meticulously recorded and verified daily, by county and state taxing authorities, as well as an entire title insurance business, just like the title records for the house you live in. Don't you think all the royalty checks are getting paid-out every month, year in and year out. This is public information. And we are only talking about 8 leaseholds.
Treaty paid for an aerial geophysical survey. I have never personally been to Belize.
Am I missing something here???
Correct me if you think I'm wrong, but if you look at Treaty's Belize slide show, slide No. 18. it appears to be a geophysical picture of Monkey River Town, south of Stann Creek. There is no anomaly offshore where Island Oil and Gas drilled a dry hole, but they (Island) "cored" (almost the entirety of) the hole and found very vuggy carbonites with residual petroleum products in the matrix. (According to their own report) They thought local faulting had permitted the petroleum to escape; however, they are probably wrong about that, they just missed the glory hole by about 3-5 miles. (Depending on how far offshore they drilled).
Just outside of Monkey River Town (in-land) is a nice bright anomaly which I presume is one of our drilling sites. Exploratory drilling (wildcats) efforts in the 21st century are successful over 50% of the time. It helps to have good data. Oiljob.
Your curiosity is amusing. I'm not an insider. I practice law in California. I have a B.S. degree in Geology from the University of California at Riverside. My research comes mostly from the web, amazing what you can learn from Wikikpedia. My initial iinvestment was for 200,000 shares at $.0065/sh. I have not sold any shares to date, but I have added an additional 100,000.
But for your continuing information Belize represents the southernmost tip of the North American Plate (plate tectonics). When it crashed into the Carribean Plate it formed a trough in the southern part of Belize, that is why a lot of companies including Chevron have drilled down there. However the trench with all its folds (anticlines in geological terms) is actually inland and crosses over our inland concession area (from what I can see from the maps). Most of our concession is to the north and offshore, actually abutting the Mexican border along its northernmost extension. Our on-land concession lies partially in the Stann Creek District (Big Creek, Belize) and partially in the Toledo District including Monkey River, Monkey River Road, and Monkey River Town. These inland concession areas do not appear to be contiguous; there are two of them. This is just map stuff.
A press release identified where the five spots were located by Treaty Energy. I look at maps. I am surmising from the descriptions that our concession must lie along the Monkey River Road at least in part.
I would imagine that were we to strike oil (in the Monkey River region) that we would emulate the BNE business plan. Their entire operation is staffed from the local indigenous population surrounding Spanish Lookout. Apparently the Maya make very good "roughnecks" and "roust-abouts". BNE has single handedly brought a substantial level of prosperity to the people of Spanish Lookout, including medical clinics. They have several videos on You Tube for those who desire more information.
Big Creek is almost due west of our field office in Placencia. Placencia looks like a spit of land offshore, and the office is at its southern tip. Big Creek is where BNE "trucks" its oil and off-loads it to an oil barge to take to market. Belize has not yet built a refinery, but I believe its in the works, and will be become a reality as more oil comes on line. Monkey River can be seen on Google Maps (satellite view). Monkey River Road runs almost due north and south from the Southern Highway to Monkey River Town at the mouth of the river. It was not built in 2007, and gives us a tremendous advantage for locating our drilling rig for the local Monkey river hotspots. It extends about 13 miles from the Southern Highway to Monkey river Town. If we hit oil along this road our costs to market would dwarf BNE's and we could even build a pipeline to Monkey River Town. On Google you can see a couple of spots cleared off along the road. One of these may be where we intend to spud in. A third hotspot exists at the north end of Monkey River Road, just south of the Highway ("on the oilside") of the road because the other side (of the Souther Highway) looks like Belizean rain forest and national reserve territory.