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I have had the short sales site for months now. Here it is.
http://otcshortreport.com/TECO
Also I believe we will have a contract to do 8 wells and not 6 wells.
Go TECO
I guess the large amounts of shares that traded at a lower pps can be shorts trying to keep the pps down but in the end last minute buying made the pps go up. I can see that.
GO TECO
I see nothing that says short selling. IE - If TECO sold 2 mil at under .045 and at the close say 200K shares were buyers with a pps at .048 and closed higher then what is abnormal about that?
Just my opinion and I do admit I am not an expert on this and know very little about what they are saying is abnormal and how this is shorting. Anybody have another example that can clear this up for me?
GO TECO.
Cool was off by a few days. Do not forget that without the news we would still be under 3 cents. In fact Cool also stated that we would close under 4 cents for the month. Charts mean nothing to me and if you believe in charts so what? Will charts mean anything when we announce oil production and how much bopd? Did the charts tell us why we went from 4 cents to 13 cents or was it the news? Charts may be good for NYSE stocks that trade on revs and earnings but not with a volatile stock with huge potential and when good news is announced. Believe in what you want and I will not argue with you, just that I wanted to give my opinion.
What is most important to all of us is that the pps goes up for whatever the reason. My bet is on news.
GO TECO
FYI.... This News Release from Treaty Energy Corporation was distributed at 9:30 AM-ET today and is provided here for your convenience. Treaty Energy is an International Oil & Gas Company with Oil Production Assets in Texas and Belize, Central America!
----------------------------------------------------------------------------------
Treaty Energy to Contract Major Oil Field Services Providers to Expedite its Belize Oil Well Program
NEW ORLEANS, July 5, 2012 -- Treaty Energy Corporation (OTCQB: TECO) (www.treatyenergy.com), a growth-oriented international energy company, announced today that its Chairman, Andrew V. Reid, is pleased to update shareholders and other interested parties regarding further progress in Belize.
Mr. Reid stated, “We have made the decision to use certain outside contractors to provide certain specialized services that we believe will prove expeditious, in contrast to our past practice of purchasing all needed equipment to internally provide services for our drilling program in Belize.”
Max Mohamed, Treaty’s Director of Operations in Belize, stated, “In order to more accurately define the size of the Stann Creek oil play that we are currently working on, we are seeking to permit and drill a total of six new wells that we believe will outline this play and then allow the potential of this oil play to be analyzed. A Reserve Report will then be issued to the GOB for their consideration and approval.”
Treaty Energy has representatives in Belize currently that are working to finalize a Perforating Services Agreement with Schlumberger Oil Field Services, and an Acid Pumping Services Agreement with Tucker Energy Services for the six planned wells.
Mr. Reid and Mr. Mohamed stated jointly, “We are very pleased to be able to work with Schlumberger and Tucker, two of the outstanding Oil Field Services Companies that are known worldwide for providing the highest quality of services to the Oil Industry.”
About Treaty Energy Corporation
Treaty, an international energy company, is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have “proven but undeveloped reserves” at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.
Forward-Looking Statements:
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the Company’s filings with the Securities and Exchange Commission, including Forms 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.
Contact:
Osprey Partners
Tel: 732-292-0982
Fax: 732-528-9065
osprey57@optonline.net
~~~~~~~~~~~~~~~~~~~~~~
Could have been placed as a market order and the mm raped him.
Should have made it a limit order.
GO TECO
Some fool sold a huge amount at .036. Live and learn. Watch out for next week.
Go TECO.
Time & Sales
Price Size Exch Time
$0.0450 1,000 OTO 12:58:43
$0.0460 3,379 OTO 12:56:22
$0.0460 96,621 OTO 12:56:13
$0.0450 10,000 OTO 12:55:39
$0.0460 5,000 OTO 12:54:55
$0.0460 3,501 OTO 12:50:39
$0.0460 5,000 OTO 12:50:39
$0.0450 1,057 OTO 12:42:42
$0.0460 1,000 OTO 12:29:36
$0.0450 60,000 OTO 12:29:19
$0.0455 56,400 OTO 12:25:32
$0.0460 5,000 OTO 12:23:21
$0.0460 5,000 OTO 12:22:55
$0.0460 5,000 OTO 12:22:54
$0.0460 10,000 OTO 12:19:51
$0.0460 30,000 OTO 12:19:49
$0.0360 473,296 OTO 12:16:27
$0.0465 5,000 OTO 12:09:56
$0.0465 6,000 OTO 12:09:50
$0.0465 18,650 OTO 12:08:26
$0.0465 3,650 OTO 12:08:23
$0.0465 15,000 OTO 12:08:22
$0.0465 10,700 OTO 12:06:55
I am going nowhere. This stock will be over 50 cents soon. Glad to see that TECO filed against some posters.
Go TECO
The good thing about today is that this is a day before the holiday with a short trading day. And we are in the middle of a good vacation week for some traders. And to have this volume and the pps up is a very very good telling sign.
GO TECO
You are reaching too far. TREATY filed the 8K and put out the PR with good intentions. So just be thankful we are where we are. Just a mistake that our company made and no one should be put out to dry as you suggest. Quit complaining and be happy.
GO TECO
You owe me more that a few drinks. I am looking forward to it.
GO TECO
I believe that the PR that states how many bopd is being produced will say just that with no comment from the GOB. The GOB will not comment but with such a release you will know that it is backed by the GOB just like yesterday's PR. There is no need for the GOB to comment but it is with their blessing to allow us to state the facts.
GO TECO
That is the best news I have heard. I will stop posting when we get over 50 cents.
Go TECO.
You may not believe it now but give it a week or two and you will be a true believer and we will all become rich with TECO.
GO TECO
VNDM ran away and raised their ask to .0339. Huge bid at .031 for 399599 shares. Looking very good for TECO.
GO TECO
Looks like ETRADE is now a market maker. Nice they are on the buy side of TECO. And VNDM is now on the ask and who knows for how many shares. This could be a big day for us.
Go TECO
Markets close early tomorrow at 1 pm. Hope TECO is over 3.5 cents.
http://www.nyx.com/en/holidays-and-hours/nyse?sa_campaign=/internal_ads/homepage/08262008holidays
Go TECO
That 600K after the close was a short cover. They know what is coming. Hope they become not only coverers but buyers as well.
GO TECO
Imagine going from an oil exploration company to an oil exploration/producing comapny and in just a few short days. Has a nice ring to it, don't we all agree. This is now our time.
Go TECO
It is possible we could be producing oil shortly. This is the last day for bargain day prices. With some buying Cool might even see his .04 close which will make us all happy.
Go TECO.
Check your bid/ask again, Go TECO
TECO
USD Treaty Energy Corp
Last [Tick] $0.029[+]
Change $0.001
% Change 3.57%
Bid [Tick] 0.029
Bid Size 20000
Ask $0.0295
Ask Size 5000
Open $0.028
Volume 62,434
Day High $0.029
Day Low $0.028
Previous Close $0.028
Prev. Close Date 06/28/2012
The way the hedge funds are stacked up on the ask we will not have an up day. Just hope we do not go below the low of the day. Hope I am wrong.
Go TECO
Sounds like you expect something big soon. I hope you are right.
500K bid at .0231. Maybe something is up? We shall see.
Well said and I agree. We need big news which we have not had in months. Told you guys, now NITE is back with 100K at .023. They are relentless. Where is the beef?
Now we have NITE asking 5K but it well could be they will sell much more than that. And then AUTO for 250K at .0249 and who knows who will step in for a lower ask. They know how to rig the system. This is nothing new to them. Just once I would like to see a squeeze but they won't let that happen. Again why is Belize taking so long. The company has to take some blame for delay after delay and taking so long to resolve the Belize issue. Do we have oil or not? I was told one day to drill and a few hours to wire line the well. We are way overdue on that time frame since they started drilling on Sunday. Sorry, but disgusted.
I guess you bought the 50K at .0265 yesterday since .025 is the high for the day. But you are right with your bids. Hope what you are doing will take the pps up. My guess is when the remaining 150K at .0249 is taken out someone else will join in with another ask at that or lower. Good luck.
GO TECO
Auto is asking 200K at .0249. Since that is the low then how come you did not take them out. Just curious. And I do not see your bid for 900K shares.
Looks like no let up. The hedge funds want to kill us but are they aware of the Madalay well that now produces 160 BOPD and with horizontal drilling will produce 3000 BOPD? Maybe they know and do not care or if the pps goes up on this news then they might cover or even become buyers. Looks like they want to bury us now and they are doing a good job. You have to have a strong stomach to own TECO today. No matter what I will not sell and if it goes to 2 cents I will buy more. If we are truly a real revenue producing company then the events of this week and the coming weeks will not matter. I do not know why Belize is taking so long to finish drilling and the tests. This is a matter of concern.
Go TECO
I agree with you that the bopd will increase and with new oil we will make a lot of money. You should buy more because we do know that the pps will soon go over 10 cents. Hope to see you in Belize when we party. Good luck.
GO TECO
Glad you appreciate all the equipment TECO has acquired along with all the proven leases that will yield us great profits. No need to buy more shares as I even have enough to get rich. But if you want to get filthy rich then you might want to get more of this low prices. I hope you can make it to Belize with the rest of us as we spend some of our huge gains having a nice vacation. Wishing you the best with all the shareholders.
Go TECO.
Nice to have you on board. As you can see TECO has made great strides and we do agree that soon as the first oil find is PR'd that we go over 10 cents quickly. Glad you are now a huge shareholder and we soon will be rich.
GO TECO
It was just confirmed again to me that Belize drilling started Sunday and hopefully they will soon finish and maybe even get the news this week.
Go TECO.
PS - Where is Bull and his update?
Correcting my post. I was told the mud pump was fixed and drilling started Sunday. Now if the mud pump or anything failed and they did stop drilling, then I was not told of it. It does sound like Reid's letter says they are in the process of drilling the well. I will find out more and we are getting hammered by the mm. Totally frustrated.
I do not understand. They have the capital and are drilling well #2 in Belize right now and it started Sunday. Place your bets on TECO.
GO TECO
Sometimes putting in an order for all or none will not take. But if your order is in for more shares and all or none it will not fill. Best not to use all or none. I do not know if this applies to you. Good luck.
Treaty Energy Corporation Reports Results for First Quarter of 2012
Revenue for the First Three Months of 2012 was $57,016, up from $Nil Revenue in First Three Months of 2011; Total Assets at March 31, 2012 were $2.037 Million, up 398% Over Total Assets of $409 Thousand at March 31, 2011; Additional Paid In Capital increased to $9.7 Million at March 31, 2012, up 675% from $1.25 Million at March 31, 2011; Total Stockholders’ Equity Improved by $591 Thousand to a Negative $290 Thousand at March 31, 2012, as Compared to a Negative $881 Thousand at March 31, 2011
NEW ORLEANS, Jun 26, 2012 -- Treaty Energy Corporation (OTCQB: TECO) (www.treatyenergy.com), an international energy company, today reported results for its first quarter ended March 31, 2012.
Revenue for the three months ended March 31, 2012 increased to $57,016 from $nil revenues in the same period a year earlier. These revenues are from oil production from its Texas leases.
Net loss for the first quarter of 2012 was $769,302 or nil per diluted share, an increase from the Net loss of $245,725, or nil per diluted share, for the first quarter of 2011.
Other Financial Highlights:
• Total Assets increased to $2.037 million, an increase of 398% at March 31, 2012 from $408 thousand a year earlier.
• Additional Paid In Capital rose to $9.7 million, an increase of 675% at March 31, 2012 from $1.25 million a year earlier.
• Total Stockholders’ Equity improved to a negative $290 thousand at March 31, 2012, an improvement of $591 thousand from the Company’s negative net worth of $881 thousand a year earlier.
• The Company secured a funding commitment of $1,450,000 in Q1-2012 for a 9-Well Drilling Program (2,300 – 3,000 ft wells) on its Texas leases, an increase from a $700,000 funding commitment announced in December 2011 for a 12-Well Drilling Program (500 – 600 ft wells) bringing the funding commitment to $2,150,000.
Andrew V. Reid, Chairman and Co-CEO of Treaty Energy Corporation, stated, “We at Treaty Energy are very excited about being able to file our 1st quarter results with the SEC in such a short time following the extreme delays that occurred in the filing of our Form 10-K for 2011. We are very pleased to be current in all of our SEC filings. Treaty management is instituting drastic changes regarding our internal controls in order to facilitate timely filings in the future. We have experienced tremendous growth during the last 3 quarters and have struggled to manage all the activities as needed.”
Mr. Reid added, “We have expanded our accounting department by bringing on an outside firm to handle some of the additional duties, so that we may draw from multiple levels of experienced individuals. We have also engaged a Texas Rail Road Commission (RRC) consulting firm that is charged with guiding us through the regulatory maze to allow our team to focus more on drilling and workovers on our Texas leases to accelerate oil production.”
“Going forward, everyone at Treaty is very excited about the future,” said Mr. Reid. “In the last two years we have been able to acquire over 2,200 acres of Oil and Gas leases in Texas with tremendous new drilling opportunities. And, we have built, out of necessity, our own drilling company that is capable of handling the bulk of our development and exploration activities in Texas and Belize.”
In closing comments Mr. Reid indicated, “Treaty has a total of 3,400,000 acres of Oil and Gas concessions in Belize available for exploration. We have begun preparations to drill on our McComas Lease in Taylor County, Texas, and will report as we produce results. We have three additional permits in Texas that we expect to begin drilling operations on in the coming weeks. We are in the process of re-entering our San Juan #2 well in Belize and wireline logging of this well could be completed in days.. Once we have results, approved by the Government of Belize, we will be releasing news. Once San Juan #2 is completed we will move to San Juan # 1 and begin our next drilling operation in Belize.”
The complete Form 10-Q filing for the period ended March 31, 2012 can be viewed at the following link: http://www.otcmarkets.com/edgar/GetFilingHtml
VNDM is playing games and soon instead of selling he will be a buyer when news of oil is PR'd.
Go TECO
Cool - Thanks for your PM. The only thing that will get this to.04 or higher will be news of hitting oil and that could happen this week. Moving averages in my opinion will not be a factor this time. I don't care what moves the pps just so long as it moves up and this could be a blow up week. The McComas well is the key factor here. If it hits oil here the pps will shoot up like a shooting star.
GO TECO
Nice try. Maybe they acquired this lease after March. You can expect to see many more leases signed shortly. And you do not know if they can drill horizontily. And I would hope to see PR's announcing oil this week. Nobody and I mean nobody can stop TECO now.
GO TECO
400K bought at .0303 after the close. Nice.
Go TECO.