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Hmm, i disagree. You know upfront whether you have the money or not. Its not hard to figure out.
2 deals that fall thru bc of no money. no way, i dont buy that. You dont agree to purchase companies without knowing whats in your bank account.
Biz 101 my friend
well past the 1st inning
I use them as well. I agree, they are the bible. Although i trade bigger dollars on other products. Pink sheets is a past time for me.
I agree, but remember, TECO is a fully reporting company to the SEC. They would never issue false PR's.
you nailed it brotha.
Nothing but a pump
You got it. TECO will never produce oil. Perhaps next week, we will be selling gravel to poland. lol
What does TECO produce?
NOTHING.
ZERO REVENUE.
CANT SECURE FINANCING FOR DEALS ALREADY ANNOUNCED.
What a weak company.
But we have this "huge" belize deal that will save us..
lol
WRONG
But i will correct your theory.
Never had the "millionair" dream. Im an honest person, proceed on a handshake. Ron Blackburn will tell you what you want to hear. No different than what he is doing in TECO. PR'ing deals that never come true, all the while he is selling out the back door. Thats a crook. Period.
I made my money already. In honest oil/gas deals.
I dont need TECO money, semi retired at the moment.
I have moved on, but i will continue to expose any inaccuracies that Ron states.
Here it is again.
PLease, so we all can understand, give us your view. TECO announces a "big" deal in Belize, and now look where the stock trades. Its not a hard concept to grasp, TECO needs PRs in order to inflate PPS. This weeks downward trnd has proven that.
Your answer was weak,
PLease, so we all can understand, give us your view. TECO announces a "big" deal in Belize, and now look where the stock trades. Its not a hard concept to grasp, TECO needs PRs in order to inflate PPS. This weeks downward trnd has proven that.
and my point is, on all of those other deals that i listed, there was never a statement from the other company saying it was false.
But come to find out, there was never a deal to begin with.
Yes it would behove Princess to issue a ststement, but like i said, that doesnt happen every time.
Would love to hear your reasoning why TECO continues to move down, especially considering the "great" Belize potental. Seems the stock only moves when a PR is issued.
answer...
Sulja and middle east contract
PBLS and KOMEX contract
Cyberkey and DOD contract
and now
TECO and Princess contract
What expertise does TECO bring? Nothing. Why would Princess sign a deal with a company that has zero track record. I see the Chinese have been looking at the same area. Not trying to be a smarta@@, but i think the Chinese have much deeper pockets than TECO, as well as expertise. We can both agree on that??
So at this point, something is amiss. Why would Princess sign with a company that has very little revenue, cant fund smaller deals, involved with company that is in a lawsuit. THere is very little upside for Princess. Perhaps Ron Blackburn is just that good of a salesman.
I would say yes, but lets not kid ourselves. That would be one whacked out board.
Bengals
You obviously skipped over my interest rates comment. If they go up, oil comes down. very easy to understand, no need in having an intellectual conversation about a subject that is so simply.
Lets discuss funding...
Has TECO funded any recent announcements? I dont care about the belize area, bc i know its out of their league. So lets keep it very simple, TECO cant even raise the equivalent of a mortage payment. Geez, thats so simple to do.
But let me guess, this is your cue to switch to the " i work for a major oil player" and peak oil is all they talk about. Thats years, many many years down the road. Who cares. Save the breathe. Lets be big boys and discuss current events at hand.
Whats impacting oil right now.
supply/demand picture, currency and equities. Im reaching out to you to have an intelluctual conversation about that.
Bengal
Very simply put:
economics 101 = supply/demand
interest rates affect the value of the dollar. Interest rates and crude oil tend to be negatively correlated.
fyi -- An excert from todays recap.
Oil prices fell more than 2 percent on Tuesday after investors pulled cash out of energy markets in a flight from risk, due to concern about the Greek debt crisis and rising U.S. crude inventories
Inventories in the U.S. Midwest region are already at their highest levels in at least two decades, according to U.S. Energy Information Administration data.
"Cushing is getting full and my sense is this has started having greater significance for (Nymex) WTI prices, weakening them relative to other crude," said Arsenio. "The situation could last, because more and more crude is flowing into the region
I assume u agree that the US EIA is a good source for info??
WTI crude now the cheapest sweet crude in the world. We have too much in storage. Look out below.
If TECO is producing oil in KS, better hope its not the equivalent.
Great info smith. Are you familiar with the lawsuit?
Current PPS says it all my friend. Its the funniest thing i have ever heard that the company is suffering bc of shareholders that have a negative view on the company. IN fact, i heard that with the other company.
Love it. Management is so worried about shareholders that ask the tough questions. Instead they should be looking for funding. LMAO
WOW, the company making threats. Didnt think TECO would go that low. Same NSS theory as well. By chance, does TECO have a head of security as well?
Looks like i need to contact my attorney.
todays PPS sums it up well. But why argue, time will time here in a few months. in Fact July. But im sure the company will have an "excuse" why drilling hasnt commenced. Pattern is the same as the previous 3 deals. you cant take spots off a leopard.
already called. Got the same story. Trying to raise the full funding to speed up the KS deal.. yada yada yada.
They cant even secure funds for the other deals. Track record speaks for itself, wouldnt you say?
Got more on "other investors" as well. who cares. yada yada yada. Company is not doing what they PR. thats been proven. edify yourself, look at the TN and LA deals.. hmmm good luck
We seem to have a misunderstanding. TECO currently produces noda, nothing. They have continued to PR deals, but its all smoke and mirrors. This is the same pattern Ron Blackburn was involved with in his last company. And now he is the major shareholder with TECO. Hence the PBLS/TECO lawsuit. finally, i connected the dots for all to see.
Bengals,
Many were predicting 200 oil. we never even got close. Period. Thats been proven. Many economicts also agree that 4-5 gas changes peoples habits. Been proven once again. Also i know the economist as well. And he is not a worldwide trader. They do not trade the world. Trade regions only.
appreciate the message. ALL NEW INVESTORS, PLEASE CALL and inquire about ron blackburn, his past and his current involvement with the PBLS/TECO lawsuit.
Ask why the company continues to PR deals and yet cannot secure financing. And yet somehow they will secure funds to drill in Belize (lol).
ask how much oil they are currently producing. in Dec 2009, they stated they would begin posting monthly production on their website "soon". Its been 5 months now, how much oil have they produced?
I dont not share your same sentiment on peak oil. There was talk of that 30 years ago. Seems we always find more.
T Boone also lost 1 billion on hedging oil several years ago. I dont think he is the most up to date person on this subject.
Wasnt he buying wind turbines several years ago during the natgas crisis. Another gamble he lost big $$$ on.
besides, when gasoline hits $4-5 per gallon, people change driving habits, which has been proven, thus, demand will once again go down.
is TECO drilling ??
nope, they cant seem to secure funds to begin any drilling programs. Funds mysteriously fail at the last moment.
Glad we agree TECO will never secure funds to drill more oil
great. Im sure SEC would love to hear about PR's that seem to be a fabrication. There seems to be a pattern. PR a story, then issue a statement indicating failed in the quarterly reports. Could it be there was never a deal to begin with.
My response
Domestic Production - It has been hinted by a few that since no production volumes have been reported by Treaty, we should assume that production is zero. Quite honestly, that is foolish. Someone posted a week or so ago a link to the Kansas Geological Survey, which shows production from the Treaty acquired (from Town Energy) properties. Unfortunately, and beyond the control of Treaty, there is about a 4-5 lag on the KGS reporting those volumes. But, as of November 2009, all of our wells are producing at a normal rate. There has been no evidence presented on the thread that proves that any of the acquired wells are not producing or have been shut in by Treaty.
Per their 10k posted on apr 15 2009,
On December 31, 2009, we entered into an agreement with Town Oil Company, Inc. in Paola, Kansas to acquire a 100% working interest in 54 leases containing 481 active producing wells and 135 injector wells producing approximately 150 barrels per day. Under the arrangement, the Company has until December 31, 2010 to arrange financing. Since the leases have not conveyed, and since the revenues are not accruing to the Company until the financing is arranged, we have not recognized these assets in the Company books. We are actively seeking financing for this project.
At this point, the deal has not closed, whether they are producing oil or not is irrelevant. TECO sees no revenue from it.
Ron Blackburn - It is obvious that a prior experience with RB has spilled over to TECO with a small handful of posters here. I am not assigning blame, whether those arguments have merit or not, but it is obvious that those prior situations are skewing the posts from that group.
after conducting extensive DD on this character, it has been established and proven he is a convicted felon. He is also tied to the BK of another company, which TECO is now apart of, thanks to Ron. He is a major shareholder of TECO shares.
The belize deal is unbelievable, IMO. If princess is funding the deal, why would they pick TECO? A company that has zero track record at the moment, Loss money in 2009, cant even come up with funding for small deals, has zero assets/expertise to offer. TECO has nothing to offer Princess. Thats just plain foolish.
U.S. oil fell below $85 a barrel on Monday as Greece's festering debt crisis pushed the U.S. dollar up and as the oil market girded for further growth to inventories in the United States, the world's top energy consumer.
U.S. crude for June delivery fell 36 cents to $84.76 a barrel by 11:04 am EST (1504 GMT), after settling up $1.42 on Friday.
The front-month contract for London ICE Brent crude slipped 12 cents to $87.13, after rising to $87.75 earlier, the highest price since early October 2008.
"We're really talking about the potential for financially motivated investors to enter or leave the oil market. To the extent that they have direct exposures to Greek debt... I think there's some nervousness that we might see a cycle of long-liquidation out of the oil market," said Tim Evans, energy analyst for Citi Futures Perspective in New York.
Surplus inventories and weak physical demand in the U.S., the world's top oil consumer, also weighed on prices, Evans said.
A Reuters poll of analysts on Monday forecast that crude and refined product inventories continued to rise last week.
Once again, too much oil. Plus TECO cant even secure financing for any of their deals. How are they going to raise money for the Beliuze deal?? TECO is broke. no revenue.
some of your items are inaccurate. You can delete no 4 on your list.
Otherwise, good DD
Morgan County, Tennessee
On December 12, 2009, we entered into an agreement with Green Light Energy, a Florida LLC, to acquire four wells in Morgan County, Tennessee for $260,000, offering as consideration a promissory note due February 1, 2010. As of the date of this report, we have been unsuccessful at obtaining financing to pay the promissory note and the seller has not transferred title to these assets. The seller has excused the obligation on the promissory note due February 1, 2010. Although the seller has indicated a continued willingness to sell the properties to the Company, the properties have not been recorded as of December 31, 2009. Additionally, since financing was not obtained and the properties were not transferred, the Company was under no obligation to pay the seller $260,000 at December 31, 2009.
Perhaps u should read their most recent filing... Appears they cannot secure financing. Seems to be a pattern.... Since they are a fully reporting company, maybe the SEC should be informed of the games here.
Glad we agree TECO will NOT see 10 cents..
Taken from their most recent SEC filing, filed April 15 2010
Converse, Louisiana Loss
On October 29, 2009 we entered into a letter of intent to acquire 56 wells on 600 acres near Converse, Louisiana. In order to hold the property while the company sought financing, an affiliate posted 10 million shares as collateral. We were subsequently unable to obtain the financing, and the seller foreclosed on the 10 million shares. We valued the shares at the closing price on the date of the letter of intent ($0.013 for a value of $130,000) and recorded a loss of $178,036 which included legal fees incurred for closing.
Morgan County, Tennessee
On December 12, 2009, we entered into an agreement with Green Light Energy, a Florida LLC, to acquire four wells in Morgan County, Tennessee for $260,000, offering as consideration a promissory note due February 1, 2010. As of the date of this report, we have been unsuccessful at obtaining financing to pay the promissory note and the seller has not transferred title to these assets. The seller has excused the obligation on the promissory note due February 1, 2010. Although the seller has indicated a continued willingness to sell the properties to the Company, the properties have not been recorded as of December 31, 2009. Additionally, since financing was not obtained and the properties were not transferred, the Company was under no obligation to pay the seller $260,000 at December 31, 2009.
IMPORTANT DD FOR NEW INVESTORS
Taken from their most recent SEC filing, filed April 15 2010
Converse, Louisiana Loss
On October 29, 2009 we entered into a letter of intent to acquire 56 wells on 600 acres near Converse, Louisiana. In order to hold the property while the company sought financing, an affiliate posted 10 million shares as collateral. We were subsequently unable to obtain the financing, and the seller foreclosed on the 10 million shares. We valued the shares at the closing price on the date of the letter of intent ($0.013 for a value of $130,000) and recorded a loss of $178,036 which included legal fees incurred for closing.
Morgan County, Tennessee
On December 12, 2009, we entered into an agreement with Green Light Energy, a Florida LLC, to acquire four wells in Morgan County, Tennessee for $260,000, offering as consideration a promissory note due February 1, 2010. As of the date of this report, we have been unsuccessful at obtaining financing to pay the promissory note and the seller has not transferred title to these assets. The seller has excused the obligation on the promissory note due February 1, 2010. Although the seller has indicated a continued willingness to sell the properties to the Company, the properties have not been recorded as of December 31, 2009. Additionally, since financing was not obtained and the properties were not transferred, the Company was under no obligation to pay the seller $260,000 at December 31, 2009.
TECO cant even secure financing for simplte onshore deals, and yet they are going after the big Belize deal. How ironic. sounds like the big KOMEX poland deal Ron Blackburn was once involved with. How did that turn out??
Company is a joke, They have no money.
But wait a minute, there is more.
How much oil is Treaty producing? who knows, At this point, based on their inability to secure financing, IMO, i would say ZERO.
From
Joe Grace, President and COO of Treaty Energy, stated, "Treaty Energy is currently in the process of enhancing its website and will soon be including a page that will provide our investors monthly reports on the production of each of the company's wells. This method of providing information to our investors again illustrates our commitment to corporate transparency."
Five months and counting... SOON
Price of oil is irrelevant. TECO produces ZERO oil, IMO
no oil = no revenue
We may continue to incur losses.
We reported a net loss for the years ended December 31, 2009 and 2008 of $1,202,190 and $241,514, respectively. There is no assurance that we will be able to achieve and maintain profitability.
very wise comments viki.
IMO, there are no companies willing to particpate with Princess, and they finally found a sucker, TECO. Offshore drilling is expensive, and TECO has no money. But they are great at issuing shares.
Glad to have someone on the TECO board that asks the hard questions.
We have contended and data has confirmed that oil prices at these levels contain more than a bit of wishful thinking. Technical analysts who were predicting near-term prices of $90-$100, now look for $75-$77.
Dont think we will hit 100 as some predicted here on this board.
Most recent EIA data suggests cushing WTI oil grew, product supplies grew at a time when we sould be drawing.
Also, NG is in just as bad shape. Not looking so good for TECO.
How much oil did TECO produce in Feb/Mar?
ohh thats right. no one knows. lol
No oil = no revenue.
Company is a joke. PR's are vague. Whats the latest with KS? again no one knows. lol
Great job smith. I see the connection between TECO and PBLS. Ron Blackburn seems to have a pettern wherever he goes. TECO will have to pay millions to settle, IMO.
U.S. crude oil futures slumped more than 3 percent on Friday, weighed by a downturn in banks on Wall Street after news that U.S. securities regulators were charging Goldman Sachs Group Inc with fraud in connection with subprime mortgages. Crude futures had already dropped on concerns about weak demand. Commodities also grew less appealing for investors as the dollar strengthened against a basket of currencies.
I'm glad we agree that crude oil will NOT hit $100 this year, TECO will not hit .10 either as some have predicted. But thanks for posting your thoughts.
U.S. crude oil futures ended lower on Thursday, roiled by pre-expiry trading on options on the front-month May crude contract, analysts said. The downturn follows a 2 percent rally on Wednesday that was sparked by a surprise crude inventory drawdown and a bigger-than-expected fall in gasoline stocks. The euro snapped a five-day advance against the dollar, on persistent worries about Greece's fiscal problems. A strong greenback usually dulls interest in commodities. [USD/] U.S. economic data showing an increase in new jobless claims and a less-than-expected rise in industrial output in March overshadowed positive economic growth data from China, which pushed up crude futures early.
CL is top heavy at this moment. And we are at the tradionally "peak season" (Mar/Apr/May) for crude and gasoline pricing.
PPS sums it up well.
How much oil is TECO currently producing. ZERO
Oil fell for a fifth day on Tuesday to around $84 a barrel on dim economic signals and warnings that higher crude oil prices may choke off the fragile economic recovery.
Benchmark crude for May delivery dropped 29 cents to settle at $84.05 a barrel on the New York Mercantile Exchange.
Oil prices slid as the International Energy Agency warned that the recent two-month, 25 percent crude rally could jeopardize a recovery in the world's biggest economies if prices stay above $80 per barrel.
Same IEA that says consumption will be up. $100 crude not in the cards this year. Same with TECO not seeing .10 either.