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2's are coming.
TECO
USD Treaty Energy Corp
Last [Tick] $0.0195[+]
Change $0.0064
% Change 48.85%
Bid [Tick] 0.0191
Bid Size 100000
Ask $0.0195
Ask Size 62000
Open $0.0143
Volume 1,188,913
Day High $0.0195
Day Low $0.0143
Previous Close $0.0131
Prev. Close Date 12/17/2012
I think this PR is just the beginning to new heights for TECO. I will sell some of my google stock to buy more TECO. This is truly a happy day for all Teco shareholders.
GO TECO.
TECO
USD Treaty Energy Corp
Last [Tick] $0.0185[+]
Change $0.0054
% Change 41.22%
Bid [Tick] 0.0184
Bid Size 104000
Ask $0.0185
Ask Size 10000
Open $0.0143
Volume 1,008,465
Day High $0.0185
Day Low $0.0143
Previous Close $0.0131
Prev. Close Date 12/17/2012
I think so but I am not sure.
New is out.
Treaty Energy Corporation Prepares to Drill 21 Wells in West TexasBY PR Newswire
— 12:02 PM ET 12/18/2012
NEW ORLEANS, Dec. 18, 2012 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO) (www.treatyenergy.com), a growth-oriented international energy company, is pleased to announce a new drilling arrangement with TNC Energy, LLC, of Woodward, Oklahoma, for a 21 Well Drilling program in West Texas.
Treaty Energy Corporation (TECO
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) had previously announced the funding of both a 9-Deep Well project, and a 12-Shallow Well project. TNC Energy, LLC has been nominated to handle both projects from start to completion, including all ancillary services, which will allow Treaty to complete the project in the most efficient cost effective manner.
TNC Energy, LLC is a newly formed drilling company managed by the Weder Family, who's Edge Services, Edge Wireline, and Pistol Drilling business units have been providing oil field services since 1984. TNC, through its affiliated companies owns and operates a large 10 rig fleet service drilling company, and wireline services company, boasting highly skilled and vastly experienced personnel with a wealth of knowledge, spanning many years in the oil drilling industry, to draw from.
TNC, through related companies, has provided drilling services to an ever-expanding list of satisfied customers. TNC's premier client list comprises some of the major names in the oil and gas industry, including: BP America, Inc., Marathon Oil Company, XTO Energy, Chesapeake Operating, Inc., Sandridge Energy, Inc, EOG Resources, Inc., Whiting Oil and Gas Corporation, Apache Corporation, and Linn Energy. TNC combines the highest quality state-of-the-art drilling equipment with the most experienced and proven drillers, technicians, well-hands and supervisors.
Co-CEO of Treaty Energy (TECO
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), Bruce Gwyn, stated, "Now that TNC Energy has been engaged for the drilling of these West Texas projects, Treaty shareholders will start to see immediate results from this new strategy. We have a 21 well program that has been pre-funded and now we also have a contract with a professional and experienced drilling company to drill all of these wells through to completion."
Mr. Gwyn added, "With the expertise of TNC Energy, our production will start to rise quickly, which brings revenue directly to the bottom line. Once these 21 wells are drilled by TNC Energy, we should see production levels around 400 barrels/oil per day, and this should be completed by the end of the 1st quarter of 2013."
About Treaty Energy Corporation (TECO
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)
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.
Treaty Energy Corporation (TECO
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) trades on the OTCQB, the marketplace for companies that are current in their SEC reporting requirements. Investors can find Real-Time quotes and market information for Treaty Energy (TECO
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) at http://www.otcmarkets.com/stock/TECO/quote
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:
Treaty Energy Corporation (TECO
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)
Lee Schlesinger
Tel: 504-754-6926
Fax: 504-324-0844
SOURCE Treaty Energy Corporation (TECO
TECO TREATY ENERGY CORP
0.017
Change +0.0039 (+29.77%)
AS OF 12:03 PM ET 12/18/12.
)
More TECO News
Treaty Energy Corporation Updates Investors on Belize Operations
PR Newswire - 1:07 PM ET 12/11/2012
Treaty Energy Corporation Updates Investors on East Texas Operations
PR Newswire - 10:45 AM ET 11/28/2012
Treaty Energy Corporation Updates Investors on West Texas Operations
PR Newswire - 12:44 PM ET 11/27/2012
Copyright 1998–2012 FMR LLC.
All rights reserved.
I will sell my google stock and buy more TECO.
Now is the time to buy as I believe huge news is coming soon and we have seen the lows. I would hate for anyone to miss this rise up. Go TECO.
Look for an up day due to the close which shows a higher bid.
TECO
USD Treaty Energy Corp
Last [Tick] $0.0131[-]
Change -$0.0049
% Change -27.22%
Bid [Tick] 0.016
Bid Size 120000
Ask $0.0168
Ask Size 38000
Open $0.0185
Volume 5,013,475
Day High $0.0185
Day Low $0.01
Previous Close $0.018
Prev. Close Date 12/14/2012
Tomorrow is a new day for Teco. I am predicting a good week.
GO TECO
Next week is really looking good. This should be the turnaround for TECO. Go TECO.
I think we will see a turnaround next week. Go Teco.
About $11K traded today. That is not a lot. But that is what is taking the pps down. 100K shares at 2 cents is what $2,000. Not much money but when the news comes and volume it will not take much to make the pps go up. Teco is a great buy and if you have $2k then buy 100K shares. Not a big gamble at all.
Yes like the one in July. Non-believers should not be shareholders in TECO. I do not care if I am wrong 9 out of 10 times. It is the one time that may blow the lid off the pps. I will be around when that happens. Will you? Go TECO./
Coin Treaty will do fine regardless of what you say and think. They will have revs in excess of 200K and hopefully great news before the end of the month. You are entitled to your opinion thinking the company will fail but I believe it will do well. Go Teco.
When you say 200 bopd is that less royalties or is the 200 bopd all Teco's?
So has he sold yet or when will he sell? All this means is that he is taking his shares off from restricted shares and having them placed with the rest of his normal shares. I have restricted shares and then when the restriction is over then I will have to place them with the rest of my shares in my account.
Post the link that shows he has 3 mil for sale.
Tomorrow will be a good day for TECO. Go TECO
Look for news this week. It is long overdue. Go Teco.
The last hour of trading is encouraging and this tells me good news is coming soon.
Time & Sales
Price Size Exch Time
$0.0250 22,000 OTO 16:03:10
$0.0240 2,000 OTO 15:59:30
$0.0250 5,000 OTO 15:59:12
$0.0250 130,000 OTO 15:51:50
$0.0250 130,000 OTO 15:51:45
$0.0240 15,000 OTO 15:42:55
$0.0240 16,800 OTO 15:42:47
$0.0250 2,500 OTO 15:22:49
$0.0250 58,320 OTO 15:18:42
$0.0250 100,000 OTO 15:18:34
$0.0250 1,450 OTO 15:06:50
$0.0248 3,550 OTO 15:06:50
Yes. Good day. Next week is the week.
TECO
USD Treaty Energy Corp
Last [Tick] $0.024[-]
Change $0.0009
% Change 3.90%
Bid [Tick] 0.024
Bid Size 113000
Ask $0.025
Ask Size 113255
Open $0.0225
Volume 772,830
Day High $0.025
Day Low $0.0225
Previous Close $0.0231
Prev. Close Date 12/06/2012
And then you have a case where a shareholder does own many shares that he can ask for representation on the board or have his man put on the board. Warren Buffet can buy into a company and demand a seat or have his man put on the board. His share voting power gives him this power or right.
When Gwyn was added to the bod he had shares but not close to 5%.
You can go on a board without owning shares in the company. I owned shares in a company that had 150 mil shares and the bod's had as many as 20K shares and even less. Gwyn would need to have 37 mil of the 750 mil to have 5% and I doubt he is close. The 10K should tell what BOD's own.
I would guess 25 bopd would be the min. Hopefully higher.
Yes. First they recover their costs for drilling and then 50%.
How much production from these 2 wells would satisfy you?
Yes it is. Thanks. I will just watch it. Hope we can get to 15 cents like nwog
What is the symbol for NWOG?
PR coming out any minute with some very outstanding news. It will really surprise. You will never see the lower 2's. Go TECO
This could be Teco's week to rise and shine.
GO TECO
News will be coming. Go TECO
No. You put ourt your numbers that say we only get 15%
Next week is our week. News coming I hope.
GO TECO
Nice comeback. Hope for a good day tomorrow.
2 weeks and we will be over 5 cents.
After reading the drilling reports I come up with 76 bopd and gas say about $2K per day. So 76 at $100 is $7600 per day and $2k in gas gives us close to $10K per day at least for the whole month of Dec and a small part in Nov plus we did produce some earlier in Oct and Nov. I believe we will have revs in excess of $300K for the 4th qtr and maybe more if we drill more wells and of course the royalties have not been taken out. So we could have a good qtr.
The PR is out, I think the big boys will like the update. I like the financial highlights, but the operational highlights are the future which they say could be weeks away so I will tack on a couple of months for safety sake but am still happy with it.
http://www.ibtimes.com/press-release/20121120...ine-months
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 .
Someone just said the 10Q has been filed and revs are 75K
Go Teco
Are we positive the 10Q will be out tomorrow?
Go TECO
Let's hope we have a great 10Q and a great PR from Andy. Go Teco.