Do you actually know what has to be reported in an 8K? Certainly not an agreement that you mention should be. But as has been posted the first permit for the Mitchell lease has been obtained and the second may come down this week. That means drilling could begin next week. And Belize drilling could begin this week or the first of next week. Finally things are beginning to come together for Treaty. Get Ready.

Gee geo, I sure hope you took the opportunity to unload your shares.
Starting with your last incorrect comment. I didn't say the opportunity included George, nor his associated company, either, did I?
Next, if you looked at the conference call map that Treaty presented, they are now locating a drill site right on top of a huge red area which geologists have indicated is a good hot spot and has a high probability of hitting oil. Now, they just have to drill.
Next, unless you work for the TRCC and have that kind of inside information, you really don't know what you are talking about, do you? Sometimes your posts are really just hopeful suppressions of opportunity for Treaty. Why is that? Do you have an ax to grind with them or what?
As for the Brown, it's a start as I posted. If you can do better, get out there to the site and get with it. I'm sure other Treaty investors will appreciate that effort to improve their share value.
And to cover any buyback, first there have only been 1.250B shares approved for issuance, not 1.3B as some on this board have incorrectly posted. Of course it's possible that Treaty officers may be putting up the funds, or whoever really doesn't matter, to buy back shares. (To cover some else's question also.)
In the meantime, thanks for the cheap shares. And Get Ready!

They're all out at a meeting to buy back shares. Directors decided at this price and with the drilling coming up and other opportunities they want the shares back in the company treasury. Anyone selling at today's pps is either in extreme need of money at any cost to the upside, or is just plain not seeing the picture that was laid out in the conference call.
Remember,
1. Treaty has just drilled the first Brown well and is in the final stages of completion which will include perfing, etc.
2. Treaty is getting permits for two wells to be drilled by TNC, a professional drilling company with decades of drilling experience, in the Mitchell lease, which those permits should be issued this week, with drilling to begin next week.
3. Treaty is readying for drilling the San Juan #3 in Belize and is expected to begin drilling that well by the end of this week to a depth of about 3500'.
4. Treaty mentioned in their conference call other opportunities they were working. Seems like I heard "international" in the comments.
Get Ready!

20-25 BOPD might be hoping big. Personally, if they could just get something between 6-10BPD on each of these shallow wells, it would be good. They have a dozen to drill and then the Mitchell lease could be the larger producers, perhaps between 25-50 BOPD. Seems like they have 9-10 of those wells to drill at a deeper level. And don't forget Belize. If they could even hit a 25 BOPD there it would be good. As I recall, they have mentioned they could drill dozens of wells down there. Heck, if they could produce 250 BOPD in Texas and 250 BOPD in Belize, they would have 500 BOPD total and that would offer an opportunity for the stock to be .11 orr .12 just on earnings, forget the additional opportunities. Remember this. If they can get to 300 BOPD by the end of June as Andrew Reid mentioned in the CC, then the stock could be valued just on earnings at .07. Get Ready!

If you own shares, why do you ask these questions on the board when you could contact the company, or go to the company headquarters in New Orleans and meet with them and get answers to your questions? Either way you could get answers to your questions.

What if there is a discrepancy in the services provided? How do you know if everything was done according to the contract? And are you posting insider information?

How do you know they screwed up the cementing? Is this inside information that you have and are posting?

What makes you think the well was completed, if you consider completion being fully functional and operating and producing, since there was oil found there?

Right, RDS is just that. But when was the last time they issued more shares, and what was the outstanding number of shares before that? Bottom line is that a company issues shares to get started and when they finally do hit cashflow positive, they then do not need to issue more shares. That's the position with any public company. If Treaty can get to their anticipated numbers of production, the stock price will be substantially higher. For instance, if they hit their projected 300 BOPD by the end of June, then that gives them about a .075 share value based on a 25X multiple of earnings, not gross revenue. That is a good multiple but remember Treaty is a startup with a lot more wells to drill, and as Lee mentioned, two potential international deals in the works. Now, also keep in mind that Andrew mentioned that they should hit 300 BOPD, but it is also possible it could be more by the end of June. The production might be the result of how many wells that they can drill and keep in mind, they are now contracting out the drilling to other professional drillers so the program has changed dramatically from last year. And this is not taking into consideration any output from Belize. Any positive hit of oil down there will add more share value. All in all, this is finally coming around to be more positives to look for than negatives. Get Ready!

You just had one Tuesday. Did you forget your question? Andrew answered several questions and gave a couple of comments. Or did you not remember that he is the CEO, and Chairman for that matter?

Seems like they said in the conference call that it had just been applied for, and since I'm not like an insider, I have no idea under what name it was applied for, do you? It appears from some of your posts that you know what is going on inside Treaty.

Treaty Conference Quick Review indicates that the company still has problems in getting things done on a timely basis, yet they continue to move it forward and the following are highlights of the call.
1. Drilling is beginning on the Brown lease in west Texas with the pits being dug today and drilling expected to begin by Friday this week. The company currently has two permits approved so the first is now working. It would be anticipated that the second well could begin within a couple of weeks.
2. The permit for the Mitchell lease has been applied for and with any expediency Treaty may have that in hand by the first of next week, at which time, TNC which has been contracted to drill the well should be able to begin possibly by the end of next week. If all goes well, it is probable Treaty could obtain a permit for a second well in that lease and TNC could begin that one within two or three weeks.
3. Belize is now readying for the San Juan #3 by getting the pits and equipment in place, some of which is now being transported there for a possible drill beginning next week. For sure some posters on this board will point out the #1 and #2 were not commercially viable as presently developed, however, if you noted in the presentation, you might question why Treaty selected those particular sites when on the map showing potential hot spots by red zones, the areas of those first two wells appeared to be more sparse anyway. HOWEVER, the location of the #3 well appears to be on top of a large bright red zone which from the reported data represents a good hotspot for potentially drilling. This third well prospect could be a nice winner, both for Treaty and their investors and the GOB.
4. A major surprise was announced by Lee regarding future opportunities. He mentioned Treaty was working on two international deals which would be very large for the company, and obviously their investors.
5. The company could be cashflow positive with 80-100 BOPD according to Bruce. And as he also mentioned they expect to be at or better than 150 BOPD by the end of this quarter which is the end of March.
The first three items above illustrate that the company is finally getting their ducks lined up. It's about time. But it also appears even more might be on the horizon. Get Ready!

Remember, Treaty Energy conference call today. Copy and paste the following to register.

https://attendee.gotowebinar.com/register/5045810940650910464

So who was working the lease, and how many months did they work it?

Ah yes Stif. Been buying lots of shares at .015 or less over the last few weeks. And now that our man on the ground, Bull, has unleashed what Treaty is really up to, that is, setting up for drilling in west Texas and in Belize, it is really getting close to that time for pulling the trigger on even more buying. And he knows that there are dozens of well drilling opportunities out in west Texas, and hundreds in Belize. So the question of the week is this...... What is it time for? GET READY!

Amen. Bull da man. And that rig is what's been needed for a long time. Drill pipe at 4.5" is good size for what Treaty will be drilling for. In fact, that's a really nice rig he's posted about. Time for drilling, and time to GET READY!

Gee Russian, where'd you get that idea? Try checking on the rules from your broker. By the way, what is a group? You could just as easily say that all TECO investors are a group, couldn't you? Or that group of beer drinkers over at that table own TECO stock and collectively they have to report to the SEC. Really! But one thing is for sure. You better GET READY!

Vote Bull for Field Operations Supervisor. Before for Treaty investors, it was like, "can you hear me now?" Now, with Bull on the site, we get daily updates. Cool! And remember. Get Ready!

Just heard from someone in the field that indeed the sites are being prepped for two wells for sure. One will be a shallow well, and the second will be a well to about 4000'. If there is no interruption by the weather or whatever, drilling may begin by mid or late next week. Permits are either in hand or have been applied for and contracts are in place for drilling. Always remember when in the oil patch, there may be variables, but for sure Treaty is setting up for drilling in west Texas. And what I hear from Belize is that drilling is setting up down there as well. Seems like a third site is being prepped right now. Sooo, here's you choice. Do you buy more shares on the cheap at .015 and anticipate that with professional drilling teams in place for three well possibilities will Treaty hit more oil and see the pps rise from here? Or do you just wait to see what happens and let us buyers snap up more cheapies and watch the profits roll up for us and wonder why you didn't get some more profit opportunity for yourselves? Well, which one? One thing is for sure this time. Get Ready!

Damn Impressive Bull. Now we're talking. Looks like Treaty has made the decision to get professionals into the operations. If they could start drilling next week or so, we'd know something by the middle of Feb and that would be a great start to the new year. With equipment like this and a professional driller and drilling crew, hopefully Treaty could drill five or six before the end of the first quarter in west Texas and with the new production plus the workover production the company could get to cashflow positive. That's always a watermark for a microcap company and should be welcome news to all Treaty investors. Well, except maybe for the shorts. And I've heard rumors that the third well in Belize is getting ready for drilling. Now if they could get that one going with production as well, we're off to the races again. Get Ready!

Thanks tdbowieknife. Now, which of those actions that you posted require an absolute posting of an 8-K by the company. Remember that in a contractual situation the deal must represent at least 10% of the company's value.

Why don't you post the requiremens for an 8-K filing? Then everyone who may not know the prerequisites can make a determination if each of your points is a legitimate concern.

Mardi Gras coming soon. There will be bands playing and horns blaring and people yelling in the streets of New Orleans. And usually a few parade floats. Just might be time for Treaty to be in that parade. In fact, time to load up cause in a two or three weeks we should be getting some more good news. Get ready.

OK, so they have requested approval for more shares. But surely Junk, you know that those shares have to be held for a minimum of six months. Don't you?

Where is the info to validate your post on the AS increase?

So coinhunter, tell us your source of information stating that there is no viable oil in San Juan #1. Or is that just your opinion with no substantiation? Many posters are waitning for your source name so we can contact them to verify. Thanks.

coinhunter, I understand your dilemna. Sometimes, managers are more inclined to sales. And as they say in business, it's usually easier to sell a salesman than anyone else. Perhaps that's what happened to TECO and they acquired some assets that they were led to believe were much better than they panne out to be. Now, however, they have brought in some seasoned qualified folks to give them some better accounting of what they have, how to capture the opportunity of what they have and how to generate revenue from those opportunities. Some might chalk it up to a growing pains for the company, but in reality it's caused a setback for the company's aspirations. As some have posted, the company is probably a full year behind schedule for producing on their opportunities. And that might be kind. Right now it doesn't matter how behind they are, there really is no catching up in business. It's really a matter of what can get done today, and in the next week, next month, and three months down the road that is important. As the say, water runs downhill. Fortunately the company has made some moves that will assist it in achieving their goals and thereby increasing investor value not only in the longer term, but beginning now. For sure positive posters have continually espoused opportunity for the company. It does appear that now management is ready to actually be effective in carrying out it's mission of making it happen. As I posted yesterday, today's share price offers a good opportunity to achieve a potential 1000% return or better by the yearend. That's a good opportunity for any investor. Even if you bought two years ago, or even last year, that would be a positive return on your investment that you would take any year. Good hunting, and for sure, Get Ready.

Brainyboy77, did you forget to give us some answers to my questions. The data you use is pretty important. Mine is posted. Even though your thought of .10 or thereabouts is a nice move from here (most investors would give an arm and maybe even a leg to get a 500% positive move), it could well do better than that. Need your thoughts on data.....

brainyboy77, what's your production estimate per day, and what average 2013 price are you giving oil? With the potential TECO has for production now with a professional driller under contract, they should not encounter past problems and therefore the probability for more workovers and more new wells should be dramatic this year. JMO, but I think they should hit at least 600bopd in the third quarter, or possibly sooner, and I think they could get to 1000bopd by the end of the year. Even with their management's conservative value of $80 oil, that represents a pretty nice potential income stream by the year end. And then add in Belize. For sure I predicted they would possibly get to .25 by yearend 2012. Just maybe with professional drillers, they can make it happen this year. That's my prediction-.25, which represents a pretty nice multiple from today's pps.
(Keep in mind that the company has mentioned they only need about 125 bopd to reach cashflow positive.)

WOW! Huge trade. Someone sold 125 shares for a whopping $2. Wonder who would have done that?

Coin, you might look up when the GOB allowed BNE to PR their oil production. Seems like it was actually several months after their discovery. Thought someone even said about a year. But just maybe Treaty will have some good news soon, perhaps on several fronts. Get ready.

dlog, you picked up what is actually the most important point of the article in the long run. Treaty drilled on the edge of the field close to a road that the Government gave them approval to use. At the time, unfortunately it was not where Treaty had really wanted to initiate their drilling plan. But when in Belize, well, you know the rest. Now that they still need to continue to work the wells to get them up to speed, at least two things are evident. First there is the possibility of oil production from the first two wells. But more importantly, Treaty should have permits for the next wells shortly and another well should get started this year, ONE MILE away. Talk about a nice opportunity for a big field. If that well comes in, and a future well is drilled in between the 1st, 2d and then the third, and it proves up, then Treaty could really have millions of barrels of oil, in Belize. Darn, our green Christmas is beginning to turn another color. Oily brown. This could really get better in a hurry. Get ready.

Hey dlog, just maybe we all could use a little of that juice you have. And as for .10, I'd second that in the near era NANO Second.

dlog, in most situations, to require a director position, it would take an invested interest of somewhere between 5% to 10% as a minimum. Obviously the larger company you are, the lower the percentage probably is. Who knows in Treaty's case if anything was required. One thing is probable for sure. For Warren to be a director of a multibillion dollar company, he almost asuredly has credentials that Treaty can use in their quest to become a middle market E&P company. It will be interesting to see how Treaty grows over the coming 12 months and expands their horizons of opportunity. Treaty investors are gonna love it. Get ready.

coinhunter is headed in the right direction. And remember posters, the San Juan #2 was stopped at only around 1300', and the San Juan #1 was stopped around the 2000' mark. So, if oil is in play in either or both of those wells, they can still make some determination to drill even deeper. As I recall, didn't Treaty management indicate that they located several potential pay zones in San Juan #1? Seems like three or five or something like that. So the #1 may in fact be able to produce more than the #2. One thing is for sure. Treaty has mentioned that both wells should be completed for production this month-December. Therefore we do not have long to wait. I would bet we hear something from Belize perhaps as early next week. And don't forget that Treaty management has also stated they will get started on drilling the second well in the west Texas McComas area this week. So we might also anticipate that we could hear something from west Texas on that within two weeks or so from now. But hold on, there's more. Also remember that they stated they were going to get started on their west Texas shallow well drilling program. So we could be seeing news each week for a while. Time to be excited. Get ready.

If they could drill thirty wells and only average 15bopd from each, they would have over 450 bbls added to their current production. It has been mentioned that they only need 125bopd to be cashflow positive. And that discounts any production from Belize, north Louisiana, and east Texas, and the fact that the 30 new wells might just average more than 15bopd. Don't forget those opportunities. Treaty's on a roll. More big news to come. Get ready.

Certainly dlog, it validated the lease that Treaty was drilling on. Now, they have ten more wells to drill on that lease and about 20+ more in west Texas leases to drill. When Belize's two wells are tested and reconfirm oil on Treaty's lease there, that will be another Big Deal, don't you think? Treaty is preparing for a big change. Get ready.

Bull, at this juncture in Treaty's operations, even the completion of the McComas is a big deal. Why? Because it was a successful drilling of a new well and it has been brought into production. It represents a positive move by Treaty management. Now, if Treaty can just get another big deal done, and then another, etc. A few big deals will make this company a real producer, not only of oil or gas collectively, but also of revenue. Once Treaty hits cashflow positive, then the company becomes a real problem for shorters as the probability of failing as an ongoing company becomes virtually improbable. So Treaty management, bring on those big deals. And I believe more are on the way. Get ready.

Mike is going to be the compliance officer for the company last I heard. That in itself will be a full time job, and under his rehab situation, he doesn't need to try to handle that and IR as well. And for those interested, Mike's doing fine and recovery is coming along. Outside of an organ transplant, he's had one of the most severe operations you can have. But as I've posted before, he's a tough old boot. As for TECO, things are happening a little more frequently. Get ready.

Seems like the Treaty PR mentioned they would have Belize in sometime in December. Perhaps a tad more patience. I think we'll know something down there by Christmas. Get ready.