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Agreed sir!
TECO up 13.33 % today !! Yay
I was answering Junk's question of " where is the oil?".
The oil is flowing out of Mitchell # 3 and Mitchell # 4 will begin completion Monday sir!!
Huge dumping lol 300,000 shares lol
The Mitchell 3 & 4 wells are producing wells not dry holes. Treaty has turned the corner is doing better.
Good to hear my friend about time this thing finally gets squashed and the people involved gets what is coming to them. Frankly I am tried of hearing the threats " Treaty is going to shut its doors."
I am saying that the legal team at Treaty can now work on a response to this case.
Kanola I hope the ones who have filed lawsuit do get found out for what they really are and are fined and jail time
Junk you the way teco was going to shut its door May 1 also just saying these deadlines are getting old.
Blind I hear this what Treaty has been waiting to get served now their legal team can bring the boom the ones that are lying!
Again why ask the people on this board, how many times has it been said, call the IR person for this information.
'TECO' News -- US oil company to restart drilling operations in Belize
News for 'TECO' - (US oil company to restart drilling operations in Belize)
May 08, 2013 (Caribbean News Now - McClatchy-Tribune Information Services via
COMTEX) -- BELMOPAN, Belize -- Treaty Energy Corporation, a US-based energy
company, has announced a new operational structure for its subsidiary company,
Treaty Belize Energy Ltd, along with the recommencement of drilling operations
in Belize.
Treaty Energy Corporation's CEO, Andrew Reid, announced that Max Mohamed has
been appointed to be the president and CEO of Treaty Belize Energy Ltd.
Mohamed is a geologist and has been overseeing Treaty Energy's exploration for
oil in Belize, pertaining to the two hundred thousand acres of Princess
Petroleum's onshore concession. Treaty Belize Energy has drilled three wells so
far on the concession, the San Juan #1, San Juan #2 and San Juan #3.
While in the process of drilling on San Juan #3, a Supreme Court ruling was
issued against the government of Belize, concerning several offshore
concessions, including the Princess Petroleum Concession. Two of these offshore
concessions included a small acreage onshore, one of which is the Princess
Petroleum Concession.
Due to the Supreme Court ruling, Treaty Belize Energy temporarily suspended its
drilling efforts on the San Juan #3. Treaty wanted to consult with its legal
counsel in Belize and wait for the government of Belize to issue a statement.
On May 5, 2013, Prime Minister Dean Barrow made statements to local media
regarding the Supreme Court ruling. Based on the legal opinion Treaty Energy
received from Princess Petroleum's legal counsel and the statement made by
Barrow, Treaty has made the decision to recommence drilling of the San Juan #3
well.
Treaty Energy Corporation's CEO, Andrew Reid, stated, "I am extremely pleased
that Max has accepted the position of president and CEO of Treaty Belize Energy
Ltd."
Reid further stated, "I look forward to working with Mr Mohamed as Treaty Belize
Energy Ltd continues its efforts in Belize and the possibility to explore other
opportunities in other Central American and Caribbean regions as well."
Last month, the Supreme Court in Belize declared offshore drilling contracts
issued by the government (in 2004 and 2007) null and void.
The ruling, handed down by Justice Oswell Legall, was in response to a case
brought by Oceana, COLA, and the Belize Coalition to Save Our Natural Heritage.
It effectively ended the Belizean government's immediate effort to allow
offshore oil drilling in the Meso American Reef, the second largest barrier reef
in the world.
The court overturned the contracts after determining that the government failed
to assess the environmental impact on Belize's ocean, as required by law, prior
to issuing the contracts. The court also found that contracts were made to
companies that did not demonstrate a proven ability to contribute the necessary
funds, assets, machinery, equipment, tools and technical expertise to drill
safely.
___ (c)2013 the Caribbean News Now (Grand Cayman, Cayman Islands) Visit the
Caribbean News Now (Grand Cayman, Cayman Islands) at www.caribbeannewsnow.com
Distributed by MCT Information Services
Copyright (C) 2013, Caribbean News Now, Grand Cayman, Cayman Islands
-0-
SUBJECT CODE: 1CN
Source: Comtex Wall Street News
Compliments of Scottrade.com
I have spoken to Gavin Fabian, CEO of Medpassage several times. He has comfirmed that yes Medpassage and Surgline are working together.
I have been here for about 1. 5 yrs but just amazes me how posters keep saying this thing is never coming back even though it is right before their eyes
Board continues to be very busy for a so called dead stock lol someone is very afraid of this stock IMO
Coin according to the timeline that was posted for March TNC is suppose to stay to completion of both wells.
I use scottrade to buy SGLN you have to do a phone order thru the broker. I have had to do this several times since there is no bid/ ask, no problems on my side
3 what was your asking price because you can buy as long as you have the right price, just saying.
We have updates:
TECO Project Update for 4/18/2013
TNC has conducted pre-drilling operations on the Mitchell lease and the drilling rig is scheduled to arrive on Monday, April 22, 2013.
TECO has received confirmation directly from TNC’s primary drilling operations manager for the Mitchell operation, that the primary drilling rig is set to arrive on Monday, April 22, 2013 and will be set into position. Depending on the time of the rig's arrival, drilling will commence shortly soon after.
TNC has informed TECO that once the drill has spudded in, it will take approximately 15 days to drill and complete the two wells.
TNC remains a valuable partner to TECO and TECO is committed to utilizing TNC's drilling expertise for future operations. TECO will re-evaluate its protocols and procedures at the end of this drill to try and ensure that future delays do not occur.
TECO believes that the Mitchell lease will be a major turning point for the company's future. TECO has already begun plans to drill future prospects and looks forward to these new exploratory drilling operations once the Mitchell wells have been completed.
Treaty Energy Corporation has launched its new corporate website.
Treaty Energy Corporation has launched its new corporate website on April 5, 2013. The new website, located at http://www.treatyenergy.com, is designed to be a dynamic resource to suit the ever changing demands of investors and to make information about TECO easily accessible so that investors may do their due diligence. Information on the website is the most current and most accurate information that is available to shareholders.
TECO's IR department has been working on this project for several months now. TECO is constantly working to improve our investor relations tools and would appreciate any investor input on the site's construction and content. Feel free to send your comments to investors@treatyenergy.com so that we can satisfy all of our Investor’s needs.
Oceana Ruling and Status Update on Off-Shore Drilling
Treaty Energy Corporation is fully aware that Oceana recently ruled against the Government of Belize and of the implications this may have on off-shore concessions. TECO has been engaged in constant communications with both Princess Petroleum and the Government of Belize since the ruling became public.
TECO is sending representatives down to Belize this weekend to discuss the impact of the ruling with all the involved parties. Once the government has had time to process the case's impact and discuss it with TECO's representatives, TECO will make an official statement with the approval of the Belize Government.
Belize Oilwatch please read the news you posted. Treaty still has 200,000 acres onshore inwhich to drill and is currently drilling. So your statement of I don't know how this affect Treaty's onshore concession has no affect that all.
Princess Petroleum Agreement Declared Null and Void
I have just been advised by a reliable and well respected Belizean source, that minutes ago Belize Court Justice Llegal declared that six production sharing agreements (offshore oil contracts - including that held by Princess Petroleum) are unlawful, null and void in that they were awarded without competitive bidding, the companies were unqualified, they were in breach of the Fisheries Act, the National Parks System Act and moreover the companies failed to comply with the erroneous contract.
I am not sure where that leaves Treaty's onshore exploration activity on the Princess Concession - ask Treaty PR.
New World Oil & Gas encounters oil shows in Rio Bravo well
Thursday, April 11, 2013 by Jamie Ashcroft
AIM quoted explorer New World Oil & Gas (LON:NEW) says the drilling of the Rio Bravo well has encountered oil shows and work is advancing in line with expectations.
It said that the commerciality of the oil shows encountered can only be determined once drilling has finished and the well has reached target depth. At that point open hole logs will be run and analysed, and testing results will be available.
The Rio Bravo well, on the West Gallon Jug prospect in Belize, is currently being drilled at a depth of 7,700 feet and the target depth (TD) is 8,800 feet.
New World says that operations are on schedule and under budget, and so far the well has been in-line with the company’s geologic expectations.
Meanwhile, the company also highlighted recent local reports of a new discovery by Maranco Energy in the South Canal Bank well on the nearby Gallon Jug area. It is reported that the well found an encouraging oil show and testing is ongoing to assess its potential commerciality.
"We are very interested in the news of Maranco's oil discovery given that the well is in the Gallon Jug area, and we are eager to hear the results of the well testing,” said chief executive Bill Kelleher.
“In the meantime, drilling at our WGJc prospect is progressing well with approximately 1,000ft remaining until we reach TD.
"Good progress is also being made in Denmark where the 3-D seismic data is currently being interpreted and discussions with farm-in partners are on-going. An update is expected to be made to the market on finalisation of the seismic data in the coming weeks."
New World’s West Gallon Jug prospect is estimated to contain 113mln barrels of un-risked prospective resources. The completion of the current programme will seal the group’s 100% acquisition of the Belize acreage.
I know Sean is with Treaty because I talked to him yesterday afternoon. I suggest if you have any concerns wondering if Sean is still with Treaty CALL! Stop guessing on a board
New World Oil and Gas PLC : Drilling Update, Belize
04/10/2013| 05:08am US/Eastern
New World Oil and Gas Plc, an oil and gas exploration and development company focused on Belize and Denmark, announces that the Rio Bravo #1 Well ('Rio Bravo' or 'the Well') on the West Gallon Jug Crest prospect ('WGJc') in Belize is currently drilling at approximately 7,700 feet. Whilst a number of hydrocarbon shows have been recorded, the commerciality of these shows can only be determined once the well is drilled to total depth ('TD'), open hole logs are run and interpreted, and well testing results are available. The planned TD of the Well is estimated at 8,800 feet. On-going operations are continuing to proceed without incident, are on schedule and under budget.
Rio Bravo, which commenced drilling on 1 March 2013, is targeting a non-fault dependent four way structural closure in the Upper Jurassic Margaret Creek Formation. The Well is currently drilling through the Cretaceous interval, through the anhydrite top seal and dolomite sequences. To date drilling operations at WGJc have been in line with the Company's geologic expectations.
As reported in the Company's Re-Admission Document dated 3 July 2012, the West Gallon Jug Crest prospect shows P50 un-risked prospective resources of 113 million barrels of oil ('MMbo'), with a P50 Net Present Value ('NPV10') of US$2.6 billion on a 100% working interest basis. Following the completion of the Rio Bravo Well #1, New World's working interest in the Blue Creek Project, where the Company has identified multiple leads and prospects, will increase to 100%, subject to approval by the Government of Belize.
Maranco Energy Belize Ltd.
On 2 April 2013 in an announcement titled "Oil Discovery in Orange Walk District" the Ministry of Energy, Science and Technology and Public Utilities in Belize disclosed that Maranco Energy Belize Ltd. ('Maranco') had discovered an encouraging oil show at the South Canal Bank#1 exploration well in the Gallon Jug area. Further and necessary testing is ongoing to determine the commercial potential of the oil show.
New World CEO William Kelleher said,"We are very interested in the news of Maranco's oil discovery given that the well is in the Gallon Jug area, and we are eager to hear the results of the well testing. In the meantime drilling at our WGJc prospect is progressing well with approximately 1,000ft remaining until we reach TD.
"Good progress is also being made in Denmark where the 3-D seismic data is currently being interpreted and discussions with farm-in partners are on-going. An update is expected to be made to the market on finalisation of the seismic data in the coming weeks."
* *ENDS* *
For further information please visit www.nwoilgas.com or contact:
Off of Medpassage Facebook page:
Experts offer views on controlling health care costs
Posted in: Healthcare News
Published on March 15, 2013 at 3:11 AM
At two different forums, health care policy experts talk about changes in policy that might slow health spending.
Politico: Experts Debate All-Payer Setups Vs. Medicare For All
Health care prices are too damn high. That's the punch line to the provocative Time magazine piece "Bitter Pill" by Steven Brill, who laid out his diagnosis of the problem Wednesday at a Center for American Progress panel. ... But while many policy experts agree with much of Brill's diagnosis of factors that are driving up costs, there's far less consensus on what to do about it. Brill said the voluminous feedback he's received since publishing the article breaks down along two lines. Conservatives believe consumers need to have more "skin in the game" -; to pay more of health costs so they become more conscientious shoppers and put pressure on providers to more efficiently compete for their business. And liberals see the solution in Medicare-for-all, a single-payer system, amplifying the negotiating might the federal health care program already leverages to keep costs down (Norman, 3/14).
Medpage Today: Follow Medicare Savings Model, Insurers Told
To slow down growth in health spending, health insurers could employ the same strategy Medicare used a decade ago to increase use of generic drugs, a former Medicare czar said. Medicare's prescription drug benefit created tiers of products, with much higher copays for brand-name drugs compared with their generic counterparts. As a result, seniors accelerated their use of the lower-cost generics and caused Medicare Part D spending to be much less than initially anticipated. Today, generics account for about 80 percent of all drugs dispensed. "What we haven't seen is that kind of approach hitting the rest of our healthcare system in any big way," said Mark McClellan, MD, PhD, who ran the Centers for Medicare and Medicaid Services (CMS) when Part D was implemented in the middle of the last decade. But he added that such changes are starting to occur (Pittman, 3/13).
This is part of Kaiser Health News' Daily Report - a summary of health policy coverage from more than 300 news organizations. The full summary of the day's news can be found here and you can sign up for e-mail subscriptions to the Daily Report here. In addition, our staff of reporters and correspondents file original stories each day, which you can find on our home page.
This article was reprinted from kaiserhealthnews.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.
Recent post off medpassage Facebook page:
ASC Turnarounds: Ideas to Improve Performance
Sponsored by ASCOA | blambert@ascoa.com | (866) 982-7262
| Print | E-mail
6 Key Strategies for Profitable ASCs From Regional SurgiCenter
Written by Laura Miller | February 04, 2013
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Tags: ASC | Dr. Arvind Movva | healthcare reform | outpatient surgery | Regional SurgiCenter | surgery centerArvind Movva, MD, CEO of Regional SurgiCenter in Moline, Ill., discusses six key strategies for ambulatory surgery centers to prosper in the wake of healthcare reform.
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1. Expand size to bring in more cases. Ambulatory surgery centers can set their sights on expanding, either physically or internally, to meet the coming challenges in the healthcare market. Consider adding new services, physicians or partnerships as well as purchasing new equipment or making more room in the ASC to service additional cases. More patients coming through the door can boost revenue if the cases are profitable.
"I would say the number one thing ASCs can do in 2013 is become bigger," says Dr. Movva. "It helps with contracting to have the economies of scale, so work with your current surgeons to bring in more cases — as many cases as they can. A lot of cases done at the hospitals can be done at the ASC for lower cost and higher quality. Getting bigger allows you to lower fixed cost and spread them around to more surgeons."
Optimize room utilization at your center to make room for more cases before turning to physical building expansions.
2. Prepare for bundled payments. Bundled payment programs are becoming a reality in many communities, and ambulatory surgery centers will become a part of them in the future. Fee for service reimbursement will likely go by the wayside as government and private payors seek to lower cost of care.
"A big issue going forward this year and in the future is preparing for bundled payments," says Dr. Movva. "People are fooling themselves if they think it's not coming, especially after 2014. We previously billed and were paid on a fee for service basis and now we are being asked to share the risk. However, the real risk is that your rate won't cover your costs and the margin you expect."
Administrators and surgeons must know the cost of care for each procedure and understand how their choices — such as materials used — will impact the center. For colonoscopies at Regional SurgiCenter, Dr. Movva calculates the cost of an episode of care from the moment the patient comes in the door; he knows how many gloves his team will use, what the IV kits cost, disposables, cost of medication and staff hours.
"Once you have a cost for each different case, compare that number with the contracted rate you have with payors as well as current Medicare rates and see if you are profitable with that procedure," says Dr. Movva. "Figure out where you can cut costs and still have a good margin."
3. Maintain stable and consistent anesthesia services. Anesthesia is an important part of all cases at the ASC, and working with stable providers will enhance your success with bundled payments and accountable care organizations in the future.
"People will want the whole episode of care bundled, so for a colonoscopy we are looking at the visit 10 days before the procedure, sedation, pathology and follow up so that we control every aspect of care," says Dr. Movva. "Since we are taking on risk, the more things we are controlling in the pipeline — the more we control the margin and risk costs — the higher our profits will be."
Anesthesia can be a big issue because if services aren't stable and consistent it will be more difficult to optimize overall bundled payment costs.
4. Meet and exceed quality measures. Ambulatory surgery centers have lower complication rates than hospitals already, but staff and surgeons must continue to diligently work at infection prevention. Exceeding the norms will position your center for success in the future.
"We are entering into the age of informed consumers," says Dr. Movva. "When it comes to ASCs, we are mostly performing elective or urgent cases, which mean the patient has a chance to look around. It's important to meet and exceed quality measures and relay that information to patients."
When people connect your center with high quality and patient satisfaction, they will prefer surgery there. "The more patients who want to come to our center, the better position we have with insurance companies to get better rates," says Dr. Movva. "It really helps to have an informed consumer because they will almost always pick the ASC over the hospital for lower acuity cases."
5. Optimize online direct marketing to patients. More patients, especially patients in the younger generations, are turning to the internet for information about healthcare and medical providers. They are looking at physician and facility reviews to know about other peoples' experience.
"This has been somewhat difficult in healthcare because we've had a lot of websites without great data, but we can put our numbers out there with social media," says Dr. Movva. "We can also talk to local news outlets about our numbers. When people come in they tell me how wonderful the staff and facility is and they want to come back; now we need to get that message to them before they are making their healthcare decisions."
Let people in your community know they have an option for where their care is provided and build a relationship with referring physicians. Patients should be able to tell their primary care physician where they want their surgery and with which physician, not the other way around.
"We do a lot of things on Facebook and Pintreset and we are always speaking in the area about different issues and services we offer at our ASC," says Dr. Movva. "Quantifying the return on these investments is difficult, but we are asking people how they heard about us. Online marketing isn't expensive when you take advantage of social media and we are putting more effort there."
6. Sit at the table for ACO discussions. People across the healthcare spectrum are talking about accountable care organizations, but it's difficult to see exactly how ambulatory surgery centers will fit in the future. However, coming to the table for those discussions will ensure ASCs aren't left out of their community's network.
"I definitely believe that ASCs will have a space in the ACO market," says Dr. Movva. "ACOs are incentivized to shift cases to the lowest cost setting and improve outcomes, which is what ASCs do. Working against the ACO isn't the right attitude; the right attitude is to be in it from the beginning. Be proactive to work with hospitals who are trying to put this together."
ACOs will be different across the country depending on market needs and demands. However if the goal is to improve care and lower costs, expertise from ASC administrators and physicians who have done this for years will be appreciated.
"When cases are moved from the hospital to the ASC, we will have saved the ACO money, and that's shared savings for all," says Dr. Movva. "When you share in savings, people are much more interested in costs. Don't be the one looking in from the other side of the glass as these ACOs are built in your community."
More Articles on Surgery Centers:
30 Statistics on Surgery Center Staff Compensation
6 Ways to Slash Costs of Spine Surgery at ASCs
5 Steps to Pull Struggling Surgery Centers Out of Debt
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I wonder if medpassage works for oversea orders?
Eric I have talked to IR guy on the yrs. I always appreciate what Mike or Sean have told me. I am very happy with my investment in Treaty. I will stop posting and just let company do its thing and it will all be good.
Eric thanks for the input though
Jim
Where was SEC on Fannie Mae and Freddie Mac or bond holders on GM. The list can go on and on my friend
Blind I agree with all that is going on at treaty a judge would be wrong even hearing the case. If a class action suit would be possible for every bad choice about when to invest the court would be full of them. I think investing is about timing and it is time to invest in TECO!!!
Really because back when Treaty said that the company was shipping rigs to Belize it was several weeks before the rigs were actually shipped.The rigs had to past thru customs in Belize looks like he could have stopped it then and had them shipped back immediately. The claim is just not holding water in my opinion more to it than the guy is letting on to.
Then why did he let Treaty take his rigs to Belize?
Just posters here on IHUB claiming it but providing no link or source for the statements.
What news, I have seen statements or claims on a message board but no news from an official news source.
Yes I Do!!
Thanks
Jim
I sure what your talking about but I do know the company is drilling in west texas, 2 locations soon, they are beginning drilling in Belize. The has got a open IR team willing to talk to investors about what is going on and any issues the investor may have concerning the company. I am good with my investment in TECO. I think the company is where I would have hoped it would have been last year at this time but there is always delays of some sort in any business. Like I said I am good with the invested money I have placed here.
They answered it on the conference call, they said the titles to some of areas not able to be cleared so the deal fell through, it toward the end of call
Cash listen to the conference call.
Things might get interesting out of Belize:
UPDATE 2-Belize bondholders group agrees to superbond exchange
Tue Feb 19, 2013 8:39am EST
MEXICO CITY, Feb 19 (Reuters) - A committee representing Belize bondholders said on Tuesday its members agreed to a debt exchange on the country's $550 million superbond, after almost a year of often-heated negotiations.
Committee members agreed unanimously to swap their old U.S. dollar bonds for new bonds with a maturity date of 2038, the group said in a statement.
"The Committee appreciates the (Belize government's) willingness to negotiate in good faith and to adhere to what was in the end a fair and transparent process," said AJ Mediratta, joint chair of the committee and co-president of Greylock Capital Management.
Under the deal put forward by the government, creditors would write off 10 percent of the value of the bonds, far less than the 45 percent haircut Belize had proposed as one of the original restructuring options.
The maturity of the bonds will be extended by nine years to 2038 and the interest rate will be set initially at 5 percent for 4.5 years, stepping up to 6.788 percent for the remaining term - a reduction from the current 8.5 percent rate.
The committee and another group of 20 institutional bondholders together represent 62 percent of the outstanding debt. A spokesman for the committee said it was likely the 20 institutional investors would follow the committee's recommendation.
"The committee encourages all bondholders to consider carefully the terms of the exchange offer in making their own independent appraisal of the merits and risks of participating in the exchange offer," the statement said.
The government had said it would only proceed with the exchange if 75 percent of bondholders signed up.
The committee said participants in the exchange would receive most favored creditor status and the principal would be protected in the event of a future default.
Excellent my friend and exactly why should he tell you really did you expect him to lol.