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Drilled and is being cased and cemented and waiting for testing. Maybe news next week. I seem to remember that this well was in a producing field play. So hopefully it will be a producer. And keep in mind that with the gas turned on in east Texas, they can also begin producing oil again. When the gas had to be shut off, that also cut the oil. But with gas flow, oil will flow. And guess what, that means that Treaty could become cashflow positive in a couple of months, if not sooner. They may be able to produce well over 250 bbls per day plus their gas, and they only needed maybe 120 bbls per day to cover expenses. Obviously this revenue is not enough to provide additional drilling funds, but probably the additional shares are for that purpose. In the meantime shorts better hurry up and cover up.
NEWS!! Treaty issued Citation by Shelby County Sheriff! Once again, Treaty has gotten themselves into a bind. Seems like Sheriff 'Bigfoot' Malone has issued Treaty a citation for expelling gas. Wouldn't you know it, they had to issue the citation to the Treaty field hands who were over at Granny's Bayou Market in Shelbyville where they were celebrating getting their gas turned on. Well, you win a few and lose a few. But hey, seems like right after the citation, a few Treaty shareholders drove up in their big ole pick'm up truck to join in the celebration. Man, with 'Bigfoot' around, I'd keep the noise down to a dull roar if I were them. Just between us shareholders I do hope they get more citations.
Wrong answer. That one is done. Try again.
RUMOR? Treaty has an office in New Orleans.
FACT. Yep, just visited their office. It's real. And for sure there are real opportunities coming down the pike for Treaty shareholders. In fact, probably even more than I had DREAMED of.
ANOTHER RUMOR? There's a key date coming up with a specific action. Anyone know what that rumor means?
FACT. Yep, but I can't post it. It's a secret.
Help me out. If someone bought the float of 750M shares for 35M, that equates to only .047 per share. Did I figure something differently than you did?
Unfortunately, right on target. Not only title issues, but couldn't clear the titles for sure. But the good picture is that Treaty is now focused on west Texas, east Texas and Belize. Three points of interest is plenty for a new company. Hopefully we will hear some good news from west Texas soon. And hopefully the sellers in east Texas can transfer good title. Then Treaty is on the way.
DTL, I understand that what I described is an uplisting. However, There can be a contingency filing, or even a notification by the board that they are in the process of formalizing a filing and then follow through. It takes severa months for it to be approved and with a contingency, the company could provide targets that the AMEX or NASD or NYSE could confirm through progressive reporting via the company Q's that they are in fact moving toward their stated goals and requirements of income and share price and shareholders, etc. As for share price, perhaps they might need to either improve the revenue dramatically to enhance share value, or do a reverse to enhance share prices so they can qualify for the standards imposed by the exchange they would want to pursue. It's a process. But if we loose the shorts and the 80M FTD's, it would be well worth the effort in my opinion. I just don't know if this can be done with the goal to eliminate the FTD's. If it would do that, then why not take the steps necessary? We have to do something, sometime, or maybe the question is do the FTD's stay with the stock even if it goes to $3 sometime in the future? If so, you get my point of doing something as quickly as possible.
WHAT IF CURE? What if Treaty would set up a different corporation with a listing to become effective on the NASD or AMEX, or even NYSE with a similar but different name, ie., Treaty International Energy Inc.? Then do a stock swap of TECO shares in the ratio of one share for one of the new company? Obviously the new company will also have a new CUSIP number. Seems like the only people who would make out would be the existing shareholders who could produce shares from a credible existing account, or from issued certificates they hold in their possession. For anyone in the know, would this prevent the shorters from being in the game, and would it also kill the FTDs since they have no issued shares that are traceable? Just wondering. Any thoughts please post. We need to know what to do to kill this problem.
Stiflerz, you mean by multiple announcements, maybe multiple pay zones in west Texas? Now, that could prove interesting. It would be great for Steve and his crew to hit a couple of pay zones on the very first well. Do ya think that will cause some pondering by the shorts? After all, Treaty is poised to drill over twenty west Texas wells. Couple those with the east Texas wells, and projected new 4 wells per pad program Andrew announced, and put a cherry on top for Belize getting going, and viola! We need to buy a beer truck and get a calf on the pit for this party. Like the song says, Get Ready cause Teco's Coming, uh, well something like that.
Question for everyone. What is the largest percentage increase in a six month period for a public company in the last twenty years? And the largest percentage increase in a one year period in the last twenty years? Please post your answers.
Slow, call me. I can't see your message on the other board. Blind ya know. But for everyone, I'd sure as heck get loaded up on TECO. This stock is going where few have gone.
TREATY ENERGY (NASDAQ:TECO) Sidelines Mode
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
Based on a pre-defined weighted trend formula for chart analysis, TECO scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Tuesday
-20 Last Price Below 20 Day Moving Average
+25 New 3 Week High, July 3rd
+30 New 3 Month High on July 9
+55 Total Score
dloggold, most oil companies handle their receipts at the end of the month, and then pay the next month. I'm sure you understand that most companies are an accounts receivable company and usually receive their income about an average of 30+ days after billing from the seller. I would bet that in this economy a lot of companies have even seen their receivables run to the 45 day timeline from billing. It's just the life of a business and their collection cycle. Now there is an opition that Treaty could manifest itself of. They could factor (sell) their receivables and collect cash on a somewhat discounted basis from the actual invoice value. This is probably a common occurence with smaller startup businesses like Treaty. Not to worry. Treaty will see cashflow soon, and hopefully within about 45 to 60 days become cashflow positive for normal operations. Obviously drilling new wells will continue to require a little more capital. But there will come a day when they should even have very large positive cashflow balances to even handle that. That might equate to a time when the stock is also reaching $1, or more. Just think. Today you steal 1,000,000 shares of Treaty stock for less than $50,000. Within several months, possibly less than a year, you could have $1,000,000. Now, would you call that a successful investment?
Just remember this! When Treaty begins to pump oil, and now even gas, and when Treaty begins to receive income from said oil and gas production, then they can issue statements to the press and maybe even get it in one of the oil and gas journals and the rest of the story will be richly rewarding for those who have stayed the course. We might be a month away from anything revealing, and a couple of months from anything significant, but we can see the light in the tunnel. The shorts are gonna get rolled over on this one. Not too soon in my opinion.
Junk, it may be that those were notifications of shares registered for sale. Think about this. If those numbers of shares were actually sold on the dates that your report presents, the volume would have been enormous on some of the days the transactions were made. History of the volume on those days does not necessarily correlate to the volumes indicated in your report. You might want to check it out with the folks presenting the report and see what they actually mean when they list these accounts with the shares and potential value. Another oddity is that if the shares were sold, it sure seems like they would be able to present an aboslute value of the transaction, wouldn't it? Just wondering. An old, strong and long Treaty holder.
Notice! It is the first of August. Treaty is just now getting ready for oil and gas sales. So it is not being smart to consider that there will be "oil revenues" or even "gas revenues" for July in the report out in August. However, there should be some oil and gas sales for August in the report out in September. And the real jump in revenues should not be expected until the fourth quarter. Remember the PR, they will rework one well, possible redrill horizontally one well if the pressure subsides, and begin to drill one of the pads selected in east Texas, but probably not that pad until late August or September. And then there are four wells to drill and each takes some time for drilling, testing and then production and bringing on line. Bottom line is don't try to jump too quickly into thinking revenue numbers will be big next week or even by the end of August. But they will be some, and they should ramp up more in September, even potentially more in October and then should move considerably higher in November and even higher in December.
On another issue, it appears to me that the shorters are in fact covering during the last few trading days. If the pps stays in the .05 range, plus or minus .005-.009 they have a chance to completely cover before Treaty announces another well hit, or rework with additional production and potential revenues.
True ORILEY. And Treaty hasn't mentioned much about the 'other' 1,400,000 acres they have in Belize. By the way, has anyone checked to see if any oil companies have drilled in those leases before and did they encounter any oil? How interesting it might be if there is oil there which is not even being mentioned as a potential play at this time. And we still await news on west Texas. Huge opportunity. And again, more oil was stolen today for huge discounts by Treaty shareholders. An investigation is warranted.
TREATY SHAREHOLDERS CAUGHT STEALING OIL!! Treaty management has disclosed a problem that officer of the company recently discovered. Recent Treaty information reveals that there are potentially 2,000,000,000 of recoverable oil on their leasehold properties. At a price of even $80, that equates to about $160,000,000,000 in value to Treaty shareholders. With recent disclosure of almost 1,000,000,000 authorized shares, that equates to a value per Treaty share of about $160. Since Treaty investors can get shares for only $0.05 Teaty management has called a meeting of the Board of Directors to determine what action to take. An investigation is possible. Stay tuned for further developments.
Good catch Chit. The platform also allows for more stability and perhaps even more importantly allows TECO to place a blow out preventor (BOP) at surface. But as usual there are two sides to the story. If you are afraid of heights, the extra few feet in the air could pose problems.... but I bet those could be cured with the right medicinal application. Cheers. We're continuing to move it forward.
Arstegall, let me get this straight. From what you have posted, TECO has probable recoverable oil in the amount of about 6,000,000 barrels. And if we muliply that times say $80 per barrel for a conservative number, we then have a total potential production value of $480,000,000. Now we learn they have increased the shares to nearly 1,000,000,000. But, in figuring the value of the oil asset divided by the number of shares, you get about a $0.48 VALUE PER SHARE OF ASSETS. And that doesn't even take into consideration that they have possibly three fields in Belize of equal or greater size and doesn't give any consideration to the value of any oil in Texas, of which we know they already have production capability for sure in east Texas so there has to be a field there as well. And the stock is selling for about $0.05. And I would bet that the additional producable oil and gas would add another half a billion dollars to the asset value when the fields are engineered. That's really being tongue in cheek for that comment. What I see is that we TECO shareholders could very well be sitting with a company at $0.05 that has assets worth well over a billion dollars, possibly two billion dollars if the other fields in Belize are equivalent to the first and the Texas production field is only as large as the first one in Belize. Pssst. Do you think we might have a gold mine on the ground, er, make that black gold.
DTL, a buyback or dividend takes large capital or large earnings, neither of which TECO has in abundant amounts. In the stage of development that TECO is in, wouldn't they add more value to the share price by using the same amount of funds if they were available to drill more wells and bring in more production and thus more revenue?
dandaman, if you are buying, as cool has pointed out, the MM's strike about ten minutes before closing through the close. Could you defer your purchase until just before closing. Perhaps it just might cause a pause in what they are trying to accomplish which is driving the pps down a little with each whack. I think there will be more good to excellent news next week for TECO. At least the timing should be about right for possible multiple PR's. JMO.
2d QTR earnings will not be of significance. Consider the timing of the report, which covers April through June. There was not much activity in those months on production or sales of oil or gas. Now, July started off with east Texas wells revealing huge opportunities for revenue. But as TECO's PR's have indicated, they are in the process of selling the oil collected, of which I have heard rumors of about 400bbls collected, and they are in the process of getting a gas line to be opened up so they can sell their gas. But this is the end of July. Expect revenues to probably begin in August and then may be sporadic until they become fully functioning on their first two wells. Fully functioning in this sense being they have the production at a level they want for both wells, they have trucks contracted on a regular basis to clear the oil holding tanks, they have contracts to sell the oil, and sell the gas, and they can funtion on a 24 hr basis continually. But the real kicker may be the setting up of the first of what has been reported to be drill pads, of which there will be four wells on each pad and of which TECO expects possibly in excess of 1000bbls per day. The first pad might be completed by the end of the third quarter or mid October. The second pad could be completed by the end of February, the third pad completed by the end of April and the fourth pad completed by the end of June. Now folks, if all goes according to management's strategy, by the end of the second quarter next year, TECO could be reporting oil production in excess of 4000 bbls per day. Then of course there is west Texas, and for sure Belize. Will discuss those later. Remember this, TECO has mentioned that they could become cashflow positive pretty quickly. My guess is that even 130bbls per day gets them there. So, do you want to own a nice oil company that is cashflow positive for a nickel?
Slow, you are old enough to have probably heard this before. As my Dad used to tell me, if you don't have something good to say, probably best to keep quiet. But, good luck to you.
Slow there are always two sides to just about everything. Sometimes even more. Certainly patience must be a strong virtue to longtime holders of TECO stock. If you're slipping in anticipation, perhaps this stock is not for you. For those of us who have weathered through thick and thin, being behind in drilling, being late on filings, and other situations the company has encountered, we look forward to the opportunity TECO brings, still without wavering. And it doesn't matter where TECO or from who TECO obtains their leases. After all, the oil will be produced in TECO's name. Perhaps you know of some leases in your area that could be mentioned to TECO management. Being a public company, TECO management is always striving toward one goal for sure. That is to have the best share value as possible for their investors. The way for them to accomplish that is to continue to improve their chances of producing revenue and subsequently making TECO a cashflow positive company with the potential for higher and higher earnings which will dramatically drive the share price higher. It appears as though TECO management today is moving it forward. Instead of being years away, we are but a few short months away from seeing potentially tremendous results from management's efforts. It's always interesting to read the posts and see which ones represent the Monday morning quarterback who would have called a different play and absolutely scored on each play the poster called in any given game. My opinion is that management is doing fine. Let them call the game plays and play the game. We're just a ticket holder watching, and for sure hoping for a victory. But remember, we are only in the first quarter.
BaderBob, an engineering report for a reservoir evaluation could cost some big dollars. Probably somewhere between $20K and up. The catch is, the report would only cover the area of the two wells currently producing. How about holding off until TECO can drill at least three or four pads of wells. That way they have production data from the four strata that each of the four wells on each pad will deliver. Seems like that might give us even more probable information for valuation. Now, that total activity may take up to about four or five months. But that would include about 12 wells. Of course by that time TECO could also be producing over three thousand bbls per day. Now, in your opinion, what would the stock do with that kind of production volume which could easily be certified through Texas RCC records? Seems like coolnapz posted one time that 2000 bbls per day could take the stock to $1. So if we were producing 3000bbls per day with the opportunity to double that with the other pads to be drilled, where does the stock price go? Hey, this is getting exciting. Hope everyone has enough shares.
Arstegall, I'm just an old investor in Houston. I haven't worked a field for over 40 years. You know things have changed a lot since those times. So I don't know the answers to your questions. I do believe that someone mentioned to me that TECO is going to truck the oil from the wells in east Texas. Now, having said that, it is obvious that if they are indeed successful in producing some thousand barrels per day, or more they will need a pipeline, or one helluva lot of trucks. And trucks can't operate in some weather conditions as you might suspect. Since they are tying into a gas pipeline, could there be an oil line close. I'll try to call Mike and see if he knows or can find out and with an answer, I will post that info. In the meantime, I do understand the short positions and the purported fanthom shares or 'air shares' as some have called them. I do know the company is well aware of the situation. I have offered all of those who short a free and nice leisurely offshore fishing trip on my boat. And not to worry guys, I do have coverage. I have life preservers,.... for the crew and me.
DTL and Running TECO is in the process of selling oil. Possibly by next week. In addition they are working to get the valve open on a gas line so the can also sell their gas. Remember they have two wells that can produce. I suspect, and this is pulling one out of my hip pocket, but I think they might run their production a little lighter than the numbers that were posted in their PR. Why? To hold pressure and keep production more constant and allow the decline over a longer period of time. So while their posted numbers would indicate a potential of about 225 bbls of oil per day, if I were them, I might back it off a little to maybe a total of 150, or even 130 bbls per day. The real issue is what makes the most sense in keeping the well production more even for a longer time and keep the pressure up. But for us investors the real important issue is that with about 130 bbls of oil per day and even maybe 800MCF they could become cashflow positive. Now we're talking. A relatively new company that is cashflow positive with trememdous upside potential. No, make that tremendously huge upside potential.
Big R, TECO management has probably surprised all of us with some of their latest strategy of acquiring more leases, and particularly in east Texas. So, if I were betting, I'd probably favor the 'more acquisition' square on the table rather than the sell. As for Belize, they announced that Schlumberger would be brought in to handle the perfing of the wells on the first 'target field.' And they announced they would drill six wells there before the GOB would allow them to declare it a field. So as of now, it is a 'target field.' Having said that, I suspect that they are probably trying to get a deal done with Schlumberger, which sometimes can take three or four weeks just to get the deal done, and then allow maybe another two or three weeks for Schlumberget to get their field equipment and whatever personnel needed down to the well site for their action. My best guess was about now, but in Belize, the experience that TECO has in the past probably means more like another three or four weeks. Seems to always take longer for anything in the tropics. Hopefully by the end of August we can see TECO having the San Juan #2 completed and perfed and a second well drilled and perfed. That could allow production to commence in September. If you remember the first TECO PR announcing they had found oil in Belize, they mentioned that the well could produce 50bbls per day. If that holds up, and they have two wells with equal production, then we might expect about 100bbls per day from the first two Belize wells. But also remember they mentioned a possible 85 well sites. So the potential production number is probably over 1000 bbls per day from just this first 'target field' and they have two fields, one a little larger and the other a good bit larger than this first one. It could turn out pretty nice for TECO's investors. Now, add Texas to the mix and you have a nice international oil company. Hey, maybe they should rename the company to Treaty International Energy Corp.
DTL, if you're looking for negatives, you are absolutely going to lose on that issue. Read the PR where TECO indicated they are acquiring more leases in Texas plus the Madeley lease. Those other leases as mentioned by TECO can provide an opportunity for four pads of wells, four wells on each pad, with the potential production from each of the pads equaling possibly 1000bbls per day. Now, multiply that times the four pads and you have a situation for potentially 4000bbls per day for TECO just in the east Texas field, and that doesn't even consider the existing production of about 200bbls per day from a couple of other wells of which one is the Madeley. That specific well is to be drilled horizonatally and has the potential to produce 1000bbls itself. Viola! Just in these new wells TECO has the opportunity to reach 5000bbls per day, plus. And the drilling should begin in August and should be, weather permitting, completed for all four pads within about nine months, or by the end of second quarter next year. They should begin selling oil from the existing production this month, or first week of August. Plus they will also begin selling their gas. But that's not all for Texas. We should be very close to TECO drilling their new well program in west Texas. In fact, we could possibly see news of that later this week or sometime next week as those wells should only take a few days. Then of course, with the surprises that TECO has give us investors over the last couple of months, IE, new leases, confirmation of Belize oil, new drilling rig, etc, who knows what other surprises they may be working on that could continue the improvement of opportunity for TECO investors. Now is the time to be positive about TECO. Sure it may have taken a little more time than some investors would have wanted, but patience, a lot of times, brings even greater rewards.
New production adds about $1,000,000 more to the already potential of about $5,000,000 annually for just two east Texas wells for Treaty. And they have dozens more to drill. Time to get just a little excited investors. I have posted before that Treaty was possibly about seven months behind schedule on their projected 1000bbls per month which they hoped to acheive by July this year. But they are now closing the gap, and fast. We could potentially be at that volume within the next four months which cuts their miss. And there remains the possiblity of exceeding 2000bbls per day by this time next year. My guess is that investors should be getting their shares on the cheap...right now.
MM's did it again. Closed at .0511, not .058. A block of over 600K shares hit at three minutes after the close, obviously a sell. For this we don't need bull. We need some bullwhips and an old shed.
Now that's good NYR2.
AS posted. It's a WIN, WIN for TECO. Too many Monday morning quarterbacks posting on how stuff should be or not should be done. Unless they are in the field with TECO operational personnel, then they really don't have a full view and probable understanding of each exact situation that exists for each well that TECO is drilling. So far, management is getting their act together better in the last couple of months than ever before and now investors should just simply let them and their crews of operatiors make the calls. Our job should be to simply cheer them on while we're watching the game being played. And keep the beer iced down.
No concerns ez57. After all they said you would cover the shares and pay half of the cash. Thanks in advance.
Looks like a WIN, WIN for TECO. Either way, Treaty shareholders get a payout on this deal. Pretty good management strategy I'd say.
CEO, you always seem to have a situation where one side sees the glass half empty, while the other side see it half full. It's interesting how some posters will want to cut whatever TECO posts to what they "think" instead of just going with what management has posted. All in all, it looks like TECO is on the verge of finally breaking out of formation into a real operation that will produce revenues and that will propel the share price as you and I anticipate. This should be a nice year, all political elections aside.
So $11,000 NET per day seems pretty close. That's the equivalent of $330,000 per month, or a tad over $3,900,000 per year. I'd say this is a pretty darn nice start for Treaty in their new well development in east Texas. Seems like they have four sites where they want to drill four separate wells at each site down to different pay zones. While they appears odd in operation, they certainly have the opportunity to make the best call on this aspect. But the real point is this. The total wells could then run up to perhpas sixteen. If each only produced 100 bbls per day plus the Madeley, then they could easily have production of over 1700 bbls per day. And didn't they PR that they could drill those wells in the next 120 days or so. IE, by about the end of November? Heck give them an extra month and make it December. So the opportunity is for Treaty to be producing about 1700 bbls per day just from the east Texas operations by the end of this year. Now, add the west Texas opportunity, and let's not forget Belize, do you really see now what opportunity Treaty presents to shareholders today?
And what is your motive? Are the majority of your posts positive for Treaty, or negative against Treaty? An expression of your motive is only a reasonable request.
Perhaps you are wondering why Treaty would bring in a CoCEO? And while Bruce had a questionable situation with one of the feds agencies, he has also stated that his company had already withdrawn from the association they are attacking him for. It appears that it was more of a timing situation for the agency, which is probably more routine for them to make mistakes than for Bruce who simply considered the situation resolved of it's own timely discourse. Now, all he needs to do is show the records that he was withdrawn accordingly and the dates and any further discussion is mute. Plus you may not have noticed the new Board member coming on Board the first of September. He probably has already cleared the air for their concerns, wouldn't you think? Otherwise why would a billion dollar company want to be involved with Treaty? All of this is now farily old news. The new news is that Treaty is now an oil producer in Texas, and has confirmed oil in Belize by the GOB. Any other posts to the contrary are from folks not in the know. So perhaps the real question for you is, do you have enough shares of Treaty to make a small fortune?