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Thank you for sharing Belize Oilwatch. Have never had any reason to doubt anything you've posted here, or anywhere. Sounds promising.
TNC's real deal equiptment is making a world of difference not just in results but merely the eyeball test to me ! U.S. FUELS is also on par with that.
Treaty has reported RRC #'s once they have a number from them then those that take a negative viewpoint can continue to back pedal into oblivion.
I have begun my flight searches to Abilene In the next month or so look to visit all 3 well sites Mitchells 3 and 4 and the Standard. If your're not buyin your dyin it will be that simple !!!
dloggold, you know there is no such thing as naked short selling right?? wink!
Yes and they are up to date with their filings.
Being up to date on SEC filings is one of the most basic measuring sticks for a company wouldn't you say?
You know the drill (hehe)
Investor Relations
Tel: 504-754-6927
investors@treatyenergy.com
Balls in your court. They told me what they told me. I posted it here. If you get something more from them, you know what to do.
Like I said a moment ago, ask THEM yourself then you can share it, or wait for the TRRC to show that it has been resolved. As soon as it is on the TRRC Site I'm sure you'll post it here right?
Sean said:
I've been told that it should be resolved finally this week.
I'm not the one to answer that question. Ask them yourself, post the response here so we can all see it.
Sent an email to TECO IR about the TRRC issues. Got a response within 15 minutes of sending it. Here 'tis. My email is in red. Response is below it.
Hello,
I believe that TECO is on the verge of a turnaround, and have called the company several times and spoken to Lee Schlesinger, Andrew Reid, Mike Mulshine and most recently to Sean Douglass last week. That being said, I have a question about the TRRC compliance issues that TECO has. I am extremely hopeful that these are being addressed, or will be addressed, and hopefully as quickly as possible. It it my understanding that they need to be taken care of before the beginning of May. Please let me know if there is a plan in place to take care of these situations, and any timelines that you can pass on regarding these issues. I have a fairly large chunk of money invested in TECO and as I said earlier I believe that we are turning the corner, but this is a major concern of mine and others I know that are heavily invested also. Thank you!
Simple answer, you have no reason to worry. The issues have been resolved internally. We've been informing investors of this since mid-February. We're just waiting for the paperwork to be pushed through the bureaucratic channels at this point and for our well inventory to update.
It's been causing us a headache, but I've been told that it should be resolved finally this week. I'll get in contact with our field operations and the TRRC to see if it has been pushed up the queue at all so we can put all this to rest for our shareholders.
Sean Douglass
Investor Relations
Tel: 504-754-6927
investors@treatyenergy.com
junkHustler,
I'm sure that many here would appreciate hearing what your plan is.
"I have my own plan based on what management does over the next 5 days. "
Right, nothing even remotely abnormal about people selling at the same time every day. Each and every trading day at around 11:30 random people decide that no matter what the current price it's time to sell. Makes perfect sense.
Perfect logic krowa, sell low, buy high. At least that's what I think you're implying.
When this thing gets to 100 bopd, I think that will get a few people's attention. If / when it gets to 200 bopd as Bull mentions, then they will be cash flow positive, and plenty of other people who have been sitting on the sidelines will start taking notice. The production / revenue graph will continue the recent upward movement, which will translate into the pps graph taking an upward swing. All that is taking into account only production here in the states, and completely discounting anything that may come out of Belize.
Yeah Running1, or possibly some Bawls! hehe!!
http://www.bawls.com/
HAHAHAHA!!!! Literally laughed out loud in my office! Thanks dloggold, I'll have 5-6 Jameson's on the rocks and a Cohiba, then I'll sit on the Cape May beach waiting for the impending doom!
Yeah or maybe the 24th, as the markets are closed on the weekend. I doubt though that anyone who believes the world will end will have a boatload of money to spend. If I actually thought we had two weeks to go here, I'd be partying my S off, leading up to it. Thankfully NASA has ruled out getting nailed by any Near Earth Objects. Phew!!
I'm with you on that!! Just pointing out that if I'm selling my shares, I'm not selling below the bid, not now not ever.
Price deteriorates in part due to activity like today. 935,436 shares in the "sell" column below the bid.
I know there are brokers out there that have the capability to short pennies, but most of the people that I know who invest don't have the ability to short pennies. BTW geo, I appreciate that you've taken a somewhat less negative tone recently. Hoping that trend continues.
Heh, yeah thanks but no thanks. I have no desire to short pennies. I suppose there are a few that I'm very familiar with that might be candidates, but not at this time. BTW do you short TECO, not being a smart a** just curious.
The amazing thing to me is that I can't short companies like TECO, being a retail investor. That "privilege" is left to the "big boys". So it amazes me even more that there are bashers out there who as fellow retail investors shouldn't be able to short stocks like TECO and yet it sure seems as though they are trying to push it down. Maybe one of them could explain this to me.
On da money tdbowieknife.
Thanks!
Thanks iggyman,
News three days in a row. Things moving forward, the pps will catch up soon.
IF TECO does give us an update on Belize, and that should fill in the unknown for all investors, it will remove a good portion of the FUD that some here have been living off of.
Hey junkhustler, don't bring Mark Twain into this.
I've been buying this morning. Anyone else doing the same???? We've been sitting on the same number for quite some time. Yeah there's manipulation, but the only way this thing has ANY chance of moving north is if people are buying. There have been folks saying they are ready, now is the time.
Treaty Energy Corporation Reports Results for Third Quarter and First Nine Months of 2012
Total Stockholders' Equity Increased 300% to $928,075 as of September 30, 2012, as Compared to a Negative ($463,785) as of December 31, 2011.
Nov 20, 2012 11:45:00 AM
NEW ORLEANS, Nov. 20, 2012 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO) (www.treatyenergy.com), a growth-oriented energy company in the oil and gas industry, today reported financial results for the third quarter and nine months ended September 30, 2012.
Revenue for the nine months ended September 30, 2012 increased to $145,770 versus $102,555 in the same period a year earlier. Revenues for the three months ended September 30, 2012 increased to $75,667 from $48,693 for the same period a year earlier.
Net loss for the third quarter of 2012 was $6,222,618 or ($0.01) per diluted share versus a loss of ($420,925) or ($0.00) for the third quarter of 2011. Net loss for the first nine months of 2012 was $8,019,633 or ($0.01) per diluted share, versus a net loss of $4,614,482 or ($0.01) per diluted share for the comparable period in 2011. Losses were mainly attributed to the difference in trading value booked on stock based compensation issued at a discount.
Shareholders' Equity made an impressive 300% reversal to the upside, from a negative of ($463,785) at December 31, 2011, to a positive Shareholders' Equity of $$928,075 at September 30, 2012.
Other Financial Highlights:
Total Assets increased to $3.898 million, an increase of 111% at September 30, 2012, from $1.844 million at December 31, 2011.
Additional Paid In Capital rose to $15.997 million, an increase of 83% at September 30, 2012, from $8.731 million at December 31, 2011.
Total Stockholders' Equity increased 300% to a positive $928,075 at September 30, 2012, from the Company's negative net worth of $400,813 at December 31, 2011.
Proved Producing Oil Reserves increased 1,712% to $1.912 million at September 30, 2012 from $105,494 at December 31, 2011.
Operational and Other Highlights:
In Texas the Company has secured a funding commitment of $2,100,000 to drill an additional 20 wells once the McComas –A- 20 well is placed into production. We expect to be in full production, as well as have BOPD results in the next 2 weeks. We are in the process of permitting at least 2 additional wells on the McComas lease and will begin drilling immediately once permits are approved. We estimate that we will be able to place the additional 2 wells into production during the first quarter of 2013.
We plan to commence the drilling of the first 2 shallow Wooldridge wells, which are already permitted, the week of December 1st, 2012. Once the first two wells are placed into production the remaining financing will be available and we will begin the process of permitting and drilling the remaining 10 wells in the project. We expect this project to be fully completed in early 2013, and add an estimated 100 BOPD in production.
We have already chosen our location on our 81 acre Elora farm out next to the Sabine river. Once the survey and permit are completed we will start (that should take about 2 weeks). This drill will be approximately 3500 feet. It will also be a horizontal drilling into the Fredricksburg zone. There was a well drilled there in 2007. That well owner only had the rights below 5000ft. They wire lined the entire well and we now have those logs in our possession and will drill where the existing pad is. This will allow us to avoid the pad setup expense. Also having 50k worth of logs should allow us to navigate into the zone with success. If we have a successful oil well (our goal) we will drill again from this pad into the Saratoga zone.
The San Juan #1 and #2 wells have been drilled to total depths of 2240 ft. and 1293 ft. Completion Operations are currently underway and once finalized the wells will be flow tested and placed on production. Treaty is in the process of permitting two additional wells in the Stann Creek area, one of these wells is scheduled to be drilled in the fourth quarter with the second well to follow in the first quarter. Lessons learned on the #1 and #2 wells should allow Treaty to drill and complete these next two wells more efficiently.
The third quarter of 2012 was very challenging for the company and we had many hurdles to overcome before we were able to refocus on development and redevelopment of our existing properties. Our efforts are beginning to pay off as we are starting to see a steady sustainable growth rate in our work over projects. We acknowledge that Treaty has fallen behind in our projections from a year ago, but believe we have taken the necessary steps that will enable us to meet those original goals for 2013.
A complete copy of the Form 10Q can be viewed at the following link:
http://www.sec.gov/cgi-bin/browse-edgar?company=treaty+ener&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
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:
Investor Relations
Lee Schlesinger
form t at the end of the day. Oh look it's actually at the closing ask! That is a bit out of the ordinary.
I don't know did it change from yesterday?
investtoski,
I realize a couple other folks responded. Here's the link to the pdf.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8916334
Say what???
Bull, thanks for the update. I know there will be a rash of people (or people with rashes) questioning why there weren't more specifics, not me, I appreciate your efforts and the update should help carry us through the weekend and into next week.
You might try filing a form t after hours for a couple hundred thousand shares @ .002, that might work. It works for someone here on a regular basis.
Hope you are right Rambler, I've been adding at these prices. That kind of justice I could take.
So junkHustler, who do you think is / will be getting their justice?
Is this part of the
"If you knew what I knew..."
reference junk?
Thanks blindinvestor,
Good to hear that Mike is improving, and that his home is ok after the storm.
GO TECO!
The thing that really bothers me is the fact that this can go on with no consequence to anyone. I can tell you this, I have invested in pennies several times before, made some money, lost some, but this one seals it for me. I will never invest in another penny stock after TECO, no matter what the outcome. Sadly the manipulation that goes on here has the power to destroy this company and many others with as much or more potential than TECO. Penny land is indeed the "Wild West" of investing. The occasional success story that comes out of the "Wild West" is so rare that the lucky few who invested are richly rewarded, while the overwhelming majority of penny investors watch their investments circle the drain, often as a result of blatant manipulation.