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The PR's state where the oil to reach 1000 bopd is coming from. New wells to be drilled will produce 30 to 100 bopd and the stripper wells will produce 30 bopd. By July 1 we will be close give or take a few. Now is the time to load up. Go TECO.
June 1st you will be recalculating. Good luck with that. Go TECO.
Blind - How did you know I found out about the repairs? Makes me wonder who you are and what you know about me. I will now be more careful. Go TECO.
Blind - You were right. I just found out yesterday that they will do minor repairs which will take 1 to 2 days and the rig should be in place to begin drilling in the middle of next week. I apologize but Reid said drilling would start right away and the rig worked well in Belize. Let's hope they meet this timetable and I think they will. And good news will be coming next week and maybe we can get over 6 cents. As I said before you do a good job and I only report what was said to me. Though they did not say the rig did not need repairs. Go TECO.
Thanks. I remember with other stocks that it goes back right away.
I do believe as soon as they file they will go back to otc QB. Someone sold 1k at the close to paint the tape. Tomorrow is another day. Go TECO.
Will filing take it back from the pink sheets? Is this automatic?
Again, thanks.
What is your opinion to this pink sheet change? Thanks.
Thanks. I can only hope that today's action will help get weak hands out. To me there is no excuse in late filing. We are now 25 days late.
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Welcome. Yes we have good news but they will not publish it till the 10K gets filed. You should know that. We can become the highest penny stock ever. No sell off right now. Guess you thought this was a chance to pick up cheap shares. I see VNDM is back in the action.
Running - Are you saying I am a paid pumper? Your post was unclear to me.
The market makers have again shown they will not let the pps rise under any circumstances. When news comes I hope we blow them up. Our day will come. Notice how the naysayers arrive when the pps goes back down on huge volume. They too will be gone soon. Teco will survive and be long and strong. Go TECO.
I can only guess that those that own shares are happy and do not need more. And of course no new buyers due to lack of news. This can change at any minute. Truth is no one can guess where the pps can and will go. I think the company does not want to dilute the shares and this has been supported by what they have done in the past when they could have easily done so. This is not a concern for me nor should it be for you. Go TECO.
No need to get into who knows what. We both desire the same thing and you do a good job. Let's just hope it is next week when they drill in Texas or the same delay can go on and on. But I think not. Go TECO.
Maybe we can hit 5 today. Looks like a small possibility.
I did contact him and it keeps changing. In fact he does not know when. He is hoping for next week. And don't tell me the small rig needed repairs when it did not. I know why no drilling in Texas. Do you? And I know why it will still be 2 to 3 weeks before they drill in Belize. Go TECO.
No not lying. If I told you what the delays right now for not drilling in Texas you would be amazed. It is not TECO's fault and soon may be known. As I have recently said all will know when drilling in Texas begins and now I hope it will be early next week. And great assets have been acquired and they are working on things now which I do not know but they are not sitting still. This company is moving forward. Do not begin second guessing yourself because of what some posters may say about the company. You and I have a great investment. Go TECO.
What else have they been lying to us???
My guess is there no buyers due to lack of news. But news will be coming shortly. The news of drilling and additional assets will be very good and very soon. If your average pps is less than .047 I would tell you to buy. Even if higher I say buy but I can see where you are reluctant. Go TECO.
You got that right but look out when news come. You had your turn and now we are stepping up to the plate. New assets and drilling will knock this pps out of the ball park. Thanks for all your help. Go TECO
Are you saying the company is crooked and putting out misleading PR's? Go TECO.
It was over 1 mil bid on Friday and did not help our pps. Is this their way of bottom fishing? We need big buyers at .05 or better.
Go Teco,
Texas drilling this week and Bull will there. Go Teco.
Look for good news this week.
Would you like to buy a granite counter top from TECO? You can get a discounted price. Go TECO.
No big deal. We will soon see who is right. They plan to do 12 stripper wells which take 5 days to complete and 30 bopd for 360 bopd. Who knows what the rework will bring? I don't know. Now 5 big wells at up to 150 bopd should take us to 1000 bopd. Will Belize add to this? Belize should but who know when Belize will be productive? My guess is before July.
Hey Blind. I think I am right as I just said and it will be fun to see who is right. If I am right you can buy the drinks in Belize. Take care. Go TECO.
The larger rig I believe needed repairs and the smaller one being sent to TEXAS was working fine upon shipment to Texas. The smaller rig will do stripper wells that require only about 600 feet of drilling and will produce 30 bopd. Large rig for Texas will drill to 7000 ft and will produce about 150 bopd. Check it out. Either way no big deal on the smaller rig and they should be drilling late next week give or take a few days. That is the latest I know. I think the next PR which could come any day will be great and be very instrumental in drilling 6ooo feet wells.
I like my time line and yours as well. Go TECO.
Then it would be wise to sell your 860 shares and try to get .05.
Good luck to you should you sell your remaining shares. Go TECO.
Was that you selling this morning fearful of the reverse split??
Nice that you got .05.
Thanks. Of course I will say no more and my intent is not to mislead shareholders but to reveal facts when possible. This delay is a good one as all will see. I know you have 3 mil shares and I am over 2 mil. We will do fine as will all others. Go TECO.
You are right but the small rig does not need repairs. In 2 weeks drilling will be well under way. In 2 weeks my guess is we will be over 10 cents. Do you have your opinion on where the pps might be? Shortly they will see why some delays were made but happy with what caused the delays. Future PR will confirm. Just bookmark this and all will be confirmed. Should have a happy cindo de myo day. Hope I spelled that right. You do good work.
Go TECO.
I have been told that due to delays beyond their control the drilling will be from 1 to 2 weeks in Texas and longer in Belize. I will not elaborate but will just say the company is very excited. Of course the company is frustrated as I am but hearing what will occur in just about 2 weeks will be worth the wait and make us very, very happy shareholders. I just hope the pps will not go lower and stay around .05 and maybe go higher. So those that are waiting to buy at a lower pps will be a good move should you be able to buy lower. Tighten your belts as I will do and try to be patient and not a frustrated shareholder. By July 1st this will be a memory. Go TECO.
Some need to get their facts straight and not guess. They will begin drilling when the rig gets to TEXAS and the rig does not need repairs as it was working fine in Belize. Call the company and you may even hear the rig is already at the drill site.
Andrew V. Reid, Chairman and Co-CEO of Treaty Energy Corporation, stated, “We are pleased to announce that the funding commitment for this new 5-well program is from the same investment group that provided the funding for the 12-well program that will commence drilling upon return of the smaller rig from Belize. We are also pleased to say that funding for the four additional wells of the 9-well program we discussed in a prior release appears to be imminent.”
Drilling in TEXAS this week. So I hope they put out the news as soon as the well is completed. One day to drill and 4 days to complete the well which should give us news early next week.
Hey Bull - Are you now in Texas to see the drilling? Please let me know. Thanks. Go TECO.
There will be news in a few days right after the 10K is filed IMHO. Mostly Texas drilling and Bull will be letting us know soon that he is headed there. Belize is still a week away and so we will have a very good 3rd qtr. Please note that 10K filings have 45 days to file and 10K has 90 days. So 2nd qtr 10Q is due Aug 15. I just hope that this late filing will not spook some shareholders. If they sell then this will be the last chance to get cheap shares. Go TECO.
Not sure but I think so. Go TECO.
Are you sure that what they added this year can go on their books for 2011? The 10K should be filed this week. Go TECO.
I have seen that companies that wait for the last day to file and then ask for extensions eventually do not even file with the extension date. If this happens and I hope it doesn't then I believe the pps could go under .04. There is no excuse to keep pushing the envelope. So for their accomplishments this would be a disaster and set the company way back. I not only hope but pray it does not happen. Go TECO.
And what if it does not come out today? Then what happens?
Go TECO?
Still nice that 100K shares bidding at .05 and only 5k ask at .051. Hopefully we stay in the 5's and never look back.
Go TECO.
Glad you got more. Go TECO.