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And just one well producing 100 bopd. Go Teco.
Getting close. Next week will be history. Go Teco.
Can anyone here evalulate the cost of all that equipment that is being shown on that well site? Guess that is needed because there is a real shortage of water in Texas. This should help
Go TECO
Does not look like any water to me. We will find out Tuesday.
Go Teco.
I can see from the reply that I got that I made a mistake and agree with you that there are no oil experts here. No matter what the company says or does they will find a way to denigrate this company. Tuesday when the filing comes out then we shall see what investors think on Wednesday. Buy now if you can.
GO TECO
Can the oil experts here tell me if that is 100% oil coming out of the McComas well that is now on Facebook?
Here us the reason for the delay.
PART III — NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra Sheets if Needed)
The Registrant’s quarterly report on Form 10-Q for the period ended September 30, 2012 will be filed on or before the fifth calendar day following the prescribed due date. The reason for the delay is that the Registrant is waiting for certain information from a third party.
Good news. pps up and bid up on high volume
TECO
USD Treaty Energy Corp
Last [Tick] $0.031[+]
Change -$0.0005
% Change -1.59%
Bid [Tick] 0.03
Bid Size 300000
Ask $0.031
Ask Size 89600
Open $0.03
Volume 685,756
Day High $0.031
Day Low $0.0285
Previous Close $0.0315
Prev. Close Date 11/12/2012
Nice close. Have a great weekend Teco shareholders.
If it ends up on the day with good volume then we know good news is coming. 10Q could be big news for us.
GO TECO
Yes they will take it back to 3. go teco
I know the day is not over yet but so far more buys than sells. Teco is looking good.
Need to get a stronger bid. Go Teco.
TECO
USD Treaty Energy Corp
Last [Tick] $0.0349[+]
Change $0.0059
% Change 20.34%
Bid [Tick] 0.032
Bid Size 5000
Ask $0.0349
Ask Size 78000
Open $0.03
Volume 262,309
Day High $0.035
Day Low $0.029
Previous Close $0.029
Prev. Close Date 11/08/2012
Get the bid up and keep it coming.
TECO
USD Treaty Energy Corp
Last [Tick] $0.032[-]
Change $0.003
% Change 10.34%
Bid [Tick] 0.031
Bid Size 15000
Ask $0.0349
Ask Size 120000
Open $0.03
Volume 161,309
Day High $0.035
Day Low $0.029
Previous Close $0.029
Prev. Close Date 11/08/2012
Is this an up day?
TECO
USD Treaty Energy Corp
Last [Tick] $0.035[+]
Change $0.006
% Change 20.69%
Bid [Tick] 0.029
Bid Size 53000
Ask $0.032
Ask Size 15000
Open $0.03
Volume 141,309
Day High $0.035
Day Low $0.029
Previous Close $0.029
Prev. Close Date 11/08/2012
I doubt it will go to .037 if the .031 is taken out but at least we may be heading in the right direction. Someone will step in at .031 or hopefully higher.
GO TECO
Nice to see .031
TECO
USD Treaty Energy Corp
Last [Tick] $0.031[+]
Change $0.002
% Change 6.90%
Bid [Tick] 0.029
Bid Size 53000
Ask $0.031
Ask Size 46618
Open $0.03
Volume 51,309
Day High $0.031
Day Low $0.029
Previous Close $0.029
Prev. Close Date 11/08/2012
Hoping for a close over 3 today.
Go TECO
Some wells already done and more in progress on the 50 well project.
Yes that is my excuse for the day. What is yours? Not happy with Teco? Isn't that a shame. The news is coming and so is the 10Q.
GO TECO
Madaley is producing huge amounts of gas. They will need more equipment to handle this for sale. Hope that comes out Monday. Can produce revs of 4K per day on gas alone.
I was told that we could have an update on McComas on Monday. Maybe they will also give us an update on Madaley. Still too long to wait. We do need news soon.
Hope we have a good day tomorrow. Go Teco.
go teco
I agree. Teco news hopefully soon.
GO TECO
Just wishful thinking. Go Teco.
Look for a good day Monday.
GO TECO
I said that a long time ago. There is no after or pre market trading.
The results of the 2nd 24-Hour Certification Test as submitted to the Texas RRC indicate that the Madeley F 1H well came in at 192 BOPD of sweet Texas crude and 822 MCF per day of natural gas. The natural gas, now having been "Certified" is in process of being connected to a conveniently located Pipeline and the gas will be sold into the market at a price of roughly $2.80 per MCF.
Treaty expects its revenue from the sale of the gas, at 822 MCF level of production, will be about $1,725 per day, or $51,750 per month, net after royalties.
Treaty is expecting its revenue from the sale of oil from this well, at 192 BOPD level of production, will be about $14,616 per day, or $438,000 per month, net after royalties.
The Madeley F 1H lateral, which is now drilled only 16 ft, gets drilled out to 1,000 ft or more, oil and gas production from this well will likely rise significantly.
Hearing that 3rd qtr 10Q revs will be around 100K. Is that good?
Also that the 10Q will give guidence. I believe that if guidence is way off (guessing more than 10%) then the company must issue an 8K stating it will be off. Can anyone confirm this? Thanks.
Also we will be happy with the filings.
GO TECO
Thanks. You will also make me happy.
I agree with you. I am not totally happy with things taking so long. But I still believe and will not sell. You can do the same or sell but one day it will happen.
Go TECO
That is good. Sells beats buys. We are just getting rid of the weak hands and stronger hands taking over. Just a matter of time.
GO TECO
TECO
USD Treaty Energy Corp
Last [Tick] $0.0378[+]
Change $0.0029
% Change 8.31%
Bid [Tick] 0.0351
Bid Size 50000
Ask $0.0378
Ask Size 140000
Open $0.035
Volume 1,538,611
Day High $0.0378
Day Low $0.0315
Previous Close $0.0349
Prev. Close Date 10/26/2012
His post is saying they bought and then shipped the equipment. They did not buy a ship.
Makes sense to all us longs and yours is the first post questioning this great PR. We are winning the battle slow but sure.
GO TECO
I will be waiting to see how many posts will say that these wells will produce nothing but mud and water. Good luck with that.
GO TECO
Hope we can get over .035. .038 is doable today.
GO TECO
There is no argument. Only that the oil has not been produced to date. All their costs and equipment to date is saying they know there is oil and in just a short time this will be proven. I agree that so much time and effort is being put in to discredit the company that you have to wonder what is their true agenda. There are a lot of huge investors who do not read boards and it is because the pros and cons on this board is not the reason they are investing and the same for our Malaysian group.
TECO IS REAL REAL REAL. To bet against TECO is a huge mistake. Especially now.
GO TECO
We must remember that with all the delays and missed dates that TECO is meeting some targets even though they may be late. Better late than never and that is fine with me. Those that seem to be not happy have some choices. One is to sell if you have shares and another is to hold and another is to buy. I believe huge news will be out next week and we must remember Madaley and McComas are oil producing wells right now. Up to anyone who wants to believe this or not. This company is going forward and nobody can stop their progress.
GO TECO