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You know that C&C last TRRC report was somewhere around 9 BOPD......it doesn't take much to beat that.....and yOU have heard That THey have already produced 1200 barrels from Mitchell 3 and 4.....at 28% hence...they have already produced more then all the projects from C&C....they were drilled by a professional drilling service...so one must also conclude that the wells were drilled right...with optimum production...I have no hard proof...because nothing has been reported to TRRC yet..also they may not be reporting until the TRRC decision is made....the last two projects seem to be good ones...they need to duplicate them....and watch production continue to rise..and pray that TRRC approves the last request to change operators......JMO
I wouldn't buy TECO because of Belize....I would not even consider SAn Juan 3... ....but I would look at what they are doing now....they have produced more oil in the last couple of months...from their last two wells...drilled by TNC....I would hope they would let TNC ...drill them another producer in the future...that is what I would be hoping they would be working on.......GLTA
Rumors of tankers...and lots of oil with San Juan 3.....I remember rumors a year and a half ago....about san juan 1 and 2....I remember rumor of them having to buy a tanker to ship all the oil that will be produced by san juan 1 and 2.....please people give it up already with Belize.....you have something working in west texas.....producing some oil and increasing the PPS.....doesn't it make sense to pursue that approach..get out there and make a deal elsewhere in the USA..JMO
Your right....probably sub penny....unless the CEO has a flood of good news...and financials to back it up....
Your right....if they could produce viable oil from san juan 3 ...it would go a long way to prove their intitial claim of oil from san juan 1 and 2......however I don't think I would revisit those wells....if I remember correctly ...they have sold most of the working interest in those wells anyway....if they have oil with san juan 3.....then they need to speed up drilling in the same area...and same pay zone.....I hope we don't have to wait a year to find out....like san juan 1 and 2.....
It cant be argued that the PPS has been increasing each week ...it certainly headed in the right direction...they need to have some more successes in west texas....forgive me ..but I am really skeptical when it comes to Belize operations...I would like to see more aggressive moves here in the USA....why slow down after two successes with Mitchell 3 and 4.....keep on pushing..get the drill turning again somewhere...JMO
When can we expect them to file updated financials with SEC??????
or did they use that money to buy a tanker.??????
Someone thinks they have oil......
Ronda
Either way...I hope it don't take a year to find out....like san juan 2 & 3....yall know how I feel about Belize anyway...seems like TECO is having some success in west texas....and there are so many places to drill here in the USA.....also everyone needs to check out new series on discovery....Blood & Oil...small family oil company going head to head with big oil.....
Maybe Belize OILWATCH....could confirm pump jacks pumping at san juan 3.......
That definitely means they have viable oil in san juan 3...no one would purchase a tanker if they didn't plan to ship oil,,,,..in your best guess...how much production will they get from it....TIA
Does anyone know the specifics about the standard lease reworks... are they going to be redrilling these wells deeper? or what is the plan to make the wells better? TIA
Who wants to sell their .10 reverse split shares for .01,,,,might as well hold on until they are completely worthless....and pray for a miracle..i think they are history.....time will tell.......lol
TD....its a moot point...if the TRRC approves TECO request,,,,,,
Very Good point.....approaching the 2 year mark in jan....if there was any wrong doing or malice in initial claim of oil in Belize.....we would have seen something...so one must conclude that TECO did nothing wrong...just maybe jumped the gun or got some bad info from experts or geologist on the project....sorta anxious to see what comes of san juan 3.....GLTA
Any ideal when we can expect this announcement?????? Your best guess.......tia
Different ballgame.....big board stock vs penny stock I can see them listing on NYSE,NASDAQ in a few years...if they don't sell to a bigger company first....this is just my opinion...who knows what they are going to do....do you>>>>>>
Junk,,,,,if they are cash rich....who needs leverage....Just saying
Honestly,,,,,guys if they are rolling in income and money from operations......as a private company....why would they want to relist,,,,and have to report and the expense of SEC reporting and requirements of rules and regulations....plus shareholder scrutiny and responsibility.....why not remain private and keep making money hands and fist.....and maybe somewhere down the road 2-3 years sell your company or list on the big boards......someone explain how do they benefit by relisting now........
Look at the difference between the bid and the ask....who in their right mind would buy this???????lol
So what do you do with the POS??????you want to sell at .005 LOL
why don't they go ahead and take on down to .0001.....ah heck just let the MM have it......
Someone or some entity is playing games with this stock....I have never seen anything like it....CRAZYYYYYYY
and don't even get me started about Superior........
Up over .02 on some pretty good volume....someone likes what is going on...Just saying....
LOL,,,,,con men or shady characters are everywhere in Pennyland....probably 70% of all penny stocks have them as ceo's or directors.,,,,.....Just my opinion....he got my money too....so he is smarter then I.......I would rather put my money in scratch off ticket...or lottery; odds are better.....
Surely they have a signed contract by now....JMO
I like you wish for a different outcome....But I am ready to take the loss....I have my reasons....but good luck to all of us left holding the bags...
If that is true,,,,,bigger companies can afford to write it off...and don't want to bother with the expense of lawyers to collect....a smaller company really has no choice but to go after unpaid account receivables......JMO
This ones toast guys....sorry....get ready to take your losses...
It is true...TECO obviously has had some shoddy contract work on wells....im still trying to figure out who sold them on drilling horizontally on madeley...I believed that cost them a pretty penny........considering the water issue....I believe they got some bad advice on that one....JMO
Bull.....does the company think that the TRRC is going to approve their request to transfer leases to another operator????? and if not how will that effect them....I think if it is approved it will reset the timeline in bringing the flagged leases into compliance........ what are they thinking is going to happen?
TD,,, with all due respect...you know I trust a lot of your DD ....but I believe you said that BK-7 was pretty sound...and look what happened...I'm feeling that when legal mobo jumbo is involved ....TECO has a chance...IN Belize and TRRC..obviously they are pretty legal savy....and we know legal issues can go either way..JMO...
Ronda,,,,,if your right....you can take full credit for knowing before anyone else....and I will give you all the credit in "I told you so" lol and we will all be looking for your posts in the future....Good LUck
I believe that oilwatch....and I personally believe that if there is no oil with san juan 3 ...TECO should leave Belize....I also think if they do find oil...it probably wont be commercial ..but of course I could be wrong....I would like to see them focus here in the US...lots of places to go.......not just texas......JMO
Really,,,,,,it must be pretty good well....for them to be interested.....Are you hyping or do you have some proof...forgive me for being skeptical...but I was believing that san juan 1 an 2
had oil with 6m barrel reserve last year...I thought I was going to be rich...but we know how that has worked out...so forgive me...I think I will wait for some official word from GOB or TECO_IR....unless you have some proof of oil...JMO
Ronda....do you know for sure they have oil.....if so ..any ideal on how much????
Maybe with the BK-7 behind them....they might be able to get caught up on their SEC filings....Im sure they want to get them done.....and everyone can admit that TECO-IR has been very careful this year not to overestimate or overpromise anything...which is certainly a step in the right direction...IMO
Obviously....TECO had a better legal argument and team then the plantiffs..and a better case.....
Now July will be the next hurdle to clear....TRRC decision..and I am thinking from what I know...they will get their deal there too...
And Belize in my opinion...doesn't really matter...unless they have oil from San Juan 3..........
They need to turn Bull and TNC loose ..
and hit the streets for some better leases.....
congrats to all shareholders.....
Congrats to all of the longs who called it from the start....goes to what I said all along....always two sides to the story....
Sean,,,,,,like I have said before on this board before.....Teco Ir has made major improvements....since last year....in their pr's and their communication to shareholders...you have been a great addition for TECO....GLTA
Considering that.....big block shareholders should consult an attorney asap...before that could possibly happen....and maybe force their hand....JMO