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Blind good to hear thank you for the follow up
Jim
Volume just picked up
I found this on TNC Energy:
Tnc Energy Services Inc
Address: 20322 Hufsmith Kohrville
Houston, TX,
77066
Phone:281-893-0500
This is the part I really like about news release today:
TNC Energy is currently on site and proceeding with the work over of the wells
2 different wells Bullmarket was down in Belize for first well 1239'. The 2nd well in Belize had trouble with circulation at 1300'. Nice try but no cigar get ur stories straight next time.
This has been looked at for sometime here. It also has had several responsives by people that were when well was drilled. Again why would an oil company continue to drill bring in more equipment if there was no oil there?
So please stop with the same old video like it some kind of new discovery!
Really strike 3 because I am thinking the west Texas wells was a pretty hit
I would say someone is threaten by TECO just from all the negative post. TECO is a small who is trying to make it. They are drilling and completing oil wells. They are reworking oil wells. They are doing what they said they are trying to do, build an oil company. If you are threaten by them maybe you should just buy in and stop being so scared.
Dshade anytime you have a well come in it is excellent news!
I thought the same thing must have been last Friday Yay!!
I will blind investor sorry to hear about Mike I have talked him several times over years.
Jim
An oilfield barrel is 42 gallons
News is out
It has traded again today but lower PPS and larger volume
I am a TECO investor and I agree with you. I stand behind management and what they are trying to build here.
Really baaasd to worse? Because where I am seating with all the selling you say is happening I am still greeeeeeen! So seat back and watch the action the next couple days or when the 3q numbers come out!! The company is building maybe a little slow but moving ahead.
If it serious selling going on why is the PPS not dropping like a rock?
Scary for who? I show I am green!
What bad news article just talks about offshore drilling
MM I Agree with you dead things don't make noise especially this much
"FINRA more vilgant " when did start because less than a year ago FINRA gave SGLN the green light, the a ok, all systems go to merger with CNUV, please explain this
I repeat then WHY did FINCA give SGLN the ok on the merger with CNUV and ticker if there questions about something on the books and being looked at by the SEC. Again looks like blame may lay FINCA for giving go a head with merger and ticker change
mm107 I find it strange if CNUV is the problem then why did FINCA give SGLN the go ahead to reverse merger and change ticker. I think problem would lay with FINCA.
information about 3 pay zones instead of 1 was released from Treaty several months ago ( public )
Dead---Money can you email at wanjukie@aol.com TIA
Jim
And to add to that the oil find has been comfirmed by a wireline log
Blindinvestor have you heard anything about how the shallow well project on the Woolridge Lease is progressing? TIA
Jim
21 August 2012 Last updated at 05:24 ET
Belize misses $23m interest payment as default looms
It is official Belize misses the interest payment this could get interesting.
Slow Ranger my brother use to make the cement location on the haynesville shale in LA and Carthage, Marshall locations for GMXR. He told me they mix powder cement into the dirt at location then go over it when a water truck, the cement sets up solid. The longest cure time he said was 8 hours not days like a slab. I hope this was helpful.
I am glad to see the Q2 report out ahead of deadline then a release of highlights of what has happened over the last 3 and 6 months this year today. I say way to go TECO keep up the strong work. I am looking forward to a strong Q3 which we already 1.5 months into, thank you very much, the end of September just right around the bend.
Could this be it from 8K filed July 11 2012:
Item 1.01 Entry into a Material Definitive Agreement.
On July 11, 2012, Rampant Leon Financial Corporation (“Rampant Leon”), an entity affiliated with Treaty Energy Corporation (“Treaty”), assigned to Treaty all of Rampant Leon’s interest in a buy/sell agreement (the “Agreement”) that Rampant Leon entered into with Jimmy Jones and 3K Oil Trust (the “Sellers”) on May 30, 2012. Treaty did not pay Rampant Leon any consideration for this assignment.
Under the Agreement, Treaty will acquire three leases (the Isaiah Hill Lease, Madeley Lease, and the Ellora Farm-Out) totaling approximately 440 gross acres. Treaty will own 75% of the net revenue interest under these leases. Under the Agreement, Treaty also agreed to purchase the Chumley Lease totaling approximately 140 gross acres. Treaty will own 70% of the net revenue interest under the Chumley Lease. All of the above leases are located in Shelby County, Texas.
The purchase price for all of the leases is $1.2 million in cash plus $6 million of either common stock or convertible preferred stock of Treaty. Treaty has already paid $50,000 to the Sellers, which will be credited toward the cash portion of the purchase price. The remaining consideration is to be paid by August 15, 2012. If Treaty does not close by this date but expends monies for lateral operation on the Madeley Lease, then Treaty will have rights to the first 5,000 barrels of oil produced from the lateral well. After 5,000 barrels have been produced, Treaty will have a perpetual 50% interest in the production of the lateral well.
Item 9.01 Exhibits
Since we have so much attention this would be a good time to put out the 8K IMO
Stiflerz28camerohemi I agree remember this little nugget just other day:
Lakeshore #1 Well was reworked on Wednesday, Electric will be reconnected Thursday or Friday and we will begin to produce the well. Updates on production will be provided once we have been able to evaluate for a sufficient period of time. This well is on MADELEY lease in Shelby Texas.
And this one also:
Treaty Energy Corporation Acquires Four Oil & Gas Leases in Shelby County, Texas
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Treaty Energy Corp (QB) (USOTC:TECO)
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Treaty Energy Corporation (OTCQB: TECO) (www.treatyenergy.com), a growth-oriented international energy company, today announced the acquisition of four new Oil & Gas Leases in Eastern Texas, and its plan to re-enter and re-complete the MADELEY F1H well in Shelby County, Texas.
Today Treaty Energy Chairman, Andrew V. Reid, is pleased to announce that a major multi-stage acquisition has been signed by Treaty Energy. Mr. Reid believes that this acquisition, upon completion of the multiple stages, will position the company for tremendous growth and allow Treaty to move to a whole new level in the oil industry. (An 8-K will be filed on this acquisition.)
This acquisition involves three parties: Jimmy Jones, seller of the CHUMLEY LEASE; 3K Oil Trust, seller of the ISAIAH HILL, MADELEY, and ELLORA LEASES; and Treaty Energy, the purchaser. Total acreage of the four Leases is 580 Acres.
Treaty Energy will start to re-enter the MADELEY F1H (API#42-419-31028) well on Monday, July 9th. This well is drilled vertically to the Fredericksburg Zone and initially had a 16ft lateral extension drilled. The driller on this well was permitted by the RRC to go much farther laterally, but due to unexpected increases in well pressure for which they were unprepared lateral drilling was stopped far short of the potential that this well held.
Production of this well was 161 BBLS of oil per day at that point. Treaty Energy is permitted by the RRC to laterally drill this well to 1770 ft, but will not necessarily drill that entire length. Treaty currently is planning to drill to 1000 ft, but may drill farther if deemed prudent to do so. The well planners and geologists involved with this well estimate production to be up to 400 BOPD. Re-completion is estimated to take one week. Update will be provided to shareholders upon re-completion.
There will be at least two more wells drilled to the Fredricksburg Zone with similar laterals on the 3K Leases with estimated production by the well planners of up to 500 BOPD each based on well logs of similar wells close to the areas to be drilled.
The CHUMLEY LEASE contains one well that is producing at a current rate of about 45 BOPD. This well was originally drilled to 3380 ft at which time the well blew out causing complete destruction of the drilling rig. The well was brought under control by pumping cement down the hole up to the 1900 ft Saratoga Zone. At that point the well started flowing and production equipment was set in place to produce the well.
During the drilling and logging of the well four Pay Zones were found: the Saratoga Zone at 1900 ft; the Annona Zone at 2185 ft; the Tokio//Blossom Zone at 2500 ft; and the Fredricksburg Zone at 3380 ft.
The plan for the CHUMLEY LEASE, as per the Purchase Contract, is to drill and produce each Zone separately. Initially, Treaty will build four Two-Acre Pads on which four wells will be drilled. Each of the four wells per Pad will be drilled to one of the four Pay Zones previously mentioned. Each of the Two-Acre Pads is estimated to have initial production of up to 1500 BOPD or up to 6000 BOPD for the group of four Pads. The cost of drilling these wells is estimated at $165,000 for each of the Saratoga Zone wells, $190,000 for each of the Annona Zone wells, $215,000 for each of the Tokio/Blossom Zone wells, and $240,000 for each of the Fredricksburg Zone wells.
Treaty will pay for these wells from a combination of revenues from oil sales and investments by some of the substantial new investors that have taken equity positions in the Company during the last six months. At least one of these groups will be offered, and will likely accept, a seat on the Company's Board of Directors in the near future. This will be a great moment for the long holding supporters of the Company. Once the sites for the Two-Acre Pads are selected and permitted Treaty expects to complete the drilling program in 18 to 20 weeks.
The purchase price of these four new Leases is $7,375,000, and is structured follows: $175,000 for the re-entry and re-completion of the MADELEY F1H Well that will start on July 9, 2012; $1,200,000 that will be paid within 75 days; and the balance of $6,000,000 to be paid in shares of Convertible Preferred Stock that will convert at several different share price levels as the levels are achieved and maintained for a required time as per the contract.
Mr. Reid stated, "I am overjoyed at the progress that is occurring at Treaty Energy. There have been many programs implemented in Texas and Belize and all are coming to fruition at the same time. To remind our shareholders, we have drilling programs in West Central Texas for 12 shallow wells (500 – 600 ft); we are moving forward to drill 9 wells (2300 – 3000 ft); and we are currently drilling a well to (1700 – 1900 ft) on the MC COMAS A LEASE."
Mr. Reid added, "We have drilled our first well in Belize, the San Juan #2 well, which is showing promising results. We are already in preparation of the site to start drilling our second well in Belize and are seeking to permit an additional six wells to properly outline and define our oil play in the Stann Creek District of Belize. In addition, we will soon outline our plans for the 1.4 Million Acre Paradise Concession."
Mr. Reid concluded, "I am grateful to all Treaty Energy shareholders and stakeholders for their abundant support over the last couple years. I believe that we are all soon to benefit from all our efforts and be richly rewarded for our success."
About Treaty Energy CorporationTreaty, 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.
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.
I have officially got 10" of rain at my house in Buna Texas about 2 hours from East Hampton since last Saturday.
Can You imagine when the 8k hits on this?
Agreed sir
NYR2 we have been here awhile my friend. I am looking forward to meeting all you guys at the meeting in Belize.
NYR2 those tanks come in different sizes ranging from 200-300 barrels, barrel is 42 gallons, hard to tell from the picture. Bullmarket may know the exact size on the location.
RAILROAD COMMISSION OF TEXAS
OIL & GAS DIVISION
PERMIT TO DRILL, DEEPEN, PLUG BACK, OR RE-ENTER ON A REGULAR OR ADMINISTRATIVE EXCEPTION LOCATION
Page 3 of 3
Section, Block and/or Survey
(903) 984-3026
NOTICE
This permit and any allowable assigned may be
revoked if payment for fee(s) submitted to the
Commission is not honored.
District Office Telephone No:
FIELD(s) and LIMITATIONS:
PERMIT NUMBER DATE PERMIT ISSUED OR AMENDED DISTRICT
TYPE OF OPERATION WELLBORE PROFILE(S) ACRES
MADELEY 'F' UNIT 1H
DISTANCE TO SURVEY LINES DISTANCE TO NEAREST LEASE LINE
1838 ft. W 606 ft. N See FIELD(s) Below
42-419-31028 Jun 19, 2012 SHELBY
743121 Jun 27, 2012 06
RECOMPLETION Horizontal 273.18
11110 ft. W 2894 ft. N 467 ft.
2.9 miles N direction from EAST HAMILTON 3500
C & C PETROLEUM MANAGEMENT, LLC
OPERATOR 120104
SECTION BLOCK ABSTRACT 237
SURVEY GONZALES, D
DISTANCE TO LEASE LINES DISTANCE TO NEAREST WELL ON LEASE
LOCATION TOTAL DEPTH
LEASE NAME WELL NUMBER
API NUMBER FORM W-1 RECEIVED COUNTY
Data Validation Time Stamp: Jun 27, 2012 9:33 AM( Current Version )
201 ST CHARLES AVENUE SUITE2506
NEW ORLEANS, LA 70170
*
* SEE FIELD DISTRICT FOR REPORTING PURPOSES *
Stifler28camarohemi,
The well that is in Shebly County Texas on RRC website that is 2.9 miles North of East Hampton. I actually went Friday to try to find location, but was unable to because that is down in the woods. The road FM 2261 runs right into Lake Toledo Bend. I did however find a guy who work as a pumper in the area. I ask him about well but he said he did not know of that well, but he ask me if I saw any pumping units in that area as I was driving around. I said no. He said all the wells in that area flowed that the well actually has to be chocked back. He said so that potential production for that area very possible. East Hampton very very small community it is just southeast of Center Texas in Shebly County and just north of Hemphill off Texas State Hwy 87. So what I found out Friday makes me very excited. I am good to Tyler County Texas Tuesday Woodville county seat.
Jim