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even the 2nd pr is nebulous; WHO is the LENDER?
since teco has no revenue i feel this needs to be posted from the rb board; the wrong person left this board. this is essentially cutting our own throat, but it appears as if the varmits are being found out by the court (finally)
<<<Keeping with my agreement not to post on the "other board" I got my hands on 67 plus pages of court documents that detail a tangled web of deceit, lies, illicit gains and many other items (everything allegedly of course) mostly related to RB and Tk holdings and their continued involvement in TECO, through 2009. It's just a big WOW in my mind, and after skimming through the pages after pages, if I had any remaining shares of TECO... well I won’t speculate or give any advice, but the PPS seems to accurately tell the story IMO of course.
Xylan >>>
<<<A sampling from page 25 of exhibit #1:
n. Our conclusion is that Blackburn et al are organized to sell common stock
to unsuspecting investors by telling them that the proceeds will go to
development of the oil, gas and mineral interests Treaty Petroleum Inc /
Treaty Energy Corporation owns in Texas, Tennessee, Kansas and the
country of Belize. The stock they sell is from their own account and not
from the corporation account and the proceeds do not go to the purpose
they indicate to the investor, but for their personal use.>>>
<<<BIG X, I'll never forget the lies they told the pbls board after a trip & big mac with the "boys". >>>
<<<Apparently and Allegedly part two of the story has been underway since 2008 or before and most likely continues, I think the court case that involves TECO will be getting very interesting “soon”
Xylan >>>
i post this because tenn, ks, and belize will never amount to anything.
bye bye to our gamble boys.
Ouch! .006
someone better paint the close.
i didn't say teco will be worthless; if you buy today at .0073 and sell at a penny, you make 33% on your money. do you make more than that on your other gambles? i'll take 33% any day.
great buying opportunity for teco; next positive PR (in 2011) shoots this stock up to a penny.
i can sell my shares for .0073 w/o you involved; make a real offer with some substance.
treaty has two weeks to find funding and close the Kansas oil lease; what do you think the chances of that are?
imo, they have two chances, slim & none.
thanks, good to know.
teco up 8% right now.
does anyone on the board know if treaty will ever get a permit to drill in Belize?
would you really invest in this company at this time?
it might be quicker to just flush your money down the toilet.
is everyone satisfied with treaty's performance?
pps is dropping; no news from the company; business as usual.
my bid is in
great numbers to present knock; i have to agree w/ you.
Treaty is looking good today; nice volume, trading higher; a great entry point for a company with a possible great future. I'm not looking for any PR until early in 2011. Then, a good PR should push Treaty well (no pun intended) over a penny; from there, the sky is the limit. imo
Treaty Energy Narrows Down Site for First Well in Belize
Posted on 11-15-2010 16:08:37
Initial Geoscience Analysis Data Prepared by Contractor and Posted to Website Identifies Multiple Possible Locations for First Well to be Drilled
HOUSTON, TX--Nov 11, 2010 -- Treaty Energy Corporation (OTCBB: TECO), a growth-oriented energy company in the oil and gas industry, today posted the initial geoscience analysis prepared by R.S.S., its geoscience contractor, of a 2,000 acre or 1% portion of the 200,000 acre land based part of the overall 2,000,000 acre Princess concession.
The geoscience analysis report can be viewed by going to the Treaty Energy website at: http://www.treatyenergy.com/flashsite/index-3
Background on Belize: Currently there is one company, Belize Natural Energy Ltd. (BNE), actively exploring its onshore concession. BNE started exploration in 2005 and as of May 2009 were producing an average of 5000 barrels of high grade crude oil per day (API 40.8 Sulphur 0.89%) out of ten wells that they have drilled.
Andrew Reid, Chairman and CEO of Treaty Energy, stated, The analysis prepared by geoscience contractor on this small part of the Princess concession clearly enforces our confidence in the potential for significant oil production from our Joint Venture in Belize. It is our intention to lock into our first well location and to seek necessary drilling permits on a timely basis.
if your idea is correct, and i find no reason to suspect it is not, then i feel there is insider knowledge causing the extreme drop in pps on the opening.
lots of volume and zero news
it comes out to $21896.
2,736,996 shares
i think someone left a buy bid in @ .008 (by mistake)
that is the way to play this stock.
.0065 this morning; waassssssup?
now it is .0062
Treaty Energy Corporation and Princess Petroleum Limited of Belize Enter Into Joint Venture Agreement
This Business Venture Is to Implement Exploration, Drilling, and Production of Oil and Gas From Onshore and Offshore Blocks in Belize
Press Release Source: Treaty Energy Corporation On Thursday April 22, 2010, 12:02 pm EDT
HOUSTON, TX--(Marketwire - 04/22/10) - Treaty Energy Corporation (OTC.BB:TECO - News), a growth-oriented energy company in the oil and gas industry, today announced that it entered into a 50\50 Joint Venture Agreement with Princess Petroleum Limited ("Princess"), a Belize company that is engaged in the business of exploration, development and production of crude oil and natural gas.
Princess Petroleum Limited is a part of The Princess Group International, which is engaged in the development of Hotels, Casinos, and other Real Estate ventures throughout South America, the Caribbean, and Europe. Princess received one of 17 concessions from the government of Belize to explore for oil and natural gas. As part of the joint venture Treaty will have the right to explore for oil and gas on a total of 2,000,000 acres. The concession consists of 1,800,000 acres of off shore exploration, and 200,000 acres of onshore exploration.
Treaty has completed, as part of its due diligence, a satellite survey of the entire concession. Satellite imaging coupled with specific scientific technology and experienced engineering analysis can identify areas containing hydrocarbon deposits. Based on initial findings, Treaty is targeting a 10,000 acre area in the south central part of Belize to place its first well. This site is located off the southern highway which provides quick access to ports in Punta Gorda and Belize City.
Treaty has engaged a highly respected geoscientist to analyze all data currently available and guide Treaty to the area with the highest likelihood of achieving a high producing well. This geoscientist will go to Belize in Early May 2010 to do soil samples and other studies needed to select the first well site. Treaty intends to start drilling its first well no later than July 1, 2010.
Currently there is one company, Belize Natural Energy Ltd. (BNE), actively exploring its onshore concession. BNE started exploration in 2005 and as of May 2009 it is producing an average of 5000 barrels of high grade crude oil per day (API 40.8 Sulphur 0.89%) out of ten wells that they have drilled. Other groups are starting to come to Belize to explore the offshore area that Treaty believes will produce huge wells that could produce thousands of barrels per day based on information supplied to Treaty by the satellite surveys. Most of the offshore areas in Treaty's concession are in shallow water and many locations showing hydrocarbon deposits have small land formations which would make it very economical to drill in terms of offshore drilling costs.
Treaty will begin to analyze the offshore concession towards the end of this year, 2010, using satellite and other methods to help in the selection of optimal locations for well sites. Most of the offshore areas of the concession are shallow water and many locations have small land formations which would make it very economical in terms of the offshore drilling activities.
The country of Belize is located in Central America, in the south of the Yucatan Island to the southeast of Mexico. It is surrounded by Mexico in the north, by Guatemala in the west and south and by the Caribbean Sea in the east. Its old name was British Honduras.
Andrew Reid, President and COO of Treaty Energy, commented, "It is difficult to put into words how please we are that Treaty Energy has entered into this joint venture with Princess Petroleum. We believe that this business opportunity has put our company on the launch pad to major growth as a significant player in the oil and gas industry."
Mr. Reid added, "In putting this joint venture together, we had the distinct pleasure of working with the key people at Princess Petroleum, including Mr. M. Hamdi Karagozoglu, Managing Director of Princess. With his leadership and cooperation in this business relationship, we look to a very successful oil and gas program that will benefit Princess, Treaty and the country of Belize."
About Princess Petroleum Limited
Princess Petroleum Limited, a company organized and existing under the laws of Belize, is an entity engaged in the business of exploration, development and production of crude oil and natural gas. Its oil and gas properties consist of two million acres of onshore and offshore areas of Belize that are owned by its parent organization, The Princess Group International, a major developer of hotels, casinos and real estate in South America, the Caribbean, and Europe. For more information go to: www.worldofprincess.com
About Treaty Energy Corporation
Treaty 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. Treaty's headquarters is located in Houston, Texas. For more information go to: www.treatyenergy.com
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 SB-2, 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.
if you are asking the same question again, you did not read the entire post.
read the entire post!
next pr from treaty will not be until next year; content will be nebulous.
imo
i can play this game all week long; buy at .0082 and sell at .0092
your post implies that treaty is drilling in belize;
let me know when that is true.
As of the date of this report, we have not yet sold any of the Convertible Bonds. per 10-Q
The Convertible Bonds are offered in denominations of $100,000 each, with a minimum purchase of 1 Convertible Bond. The Convertible Bonds are being issued at a discount of $7,500 to the face amount of $100,000.
<<a little over $1,500 for a 3 month period is revenue,>>
i think the gasoline to run the generator for the pump cost more than the revenue.
please keep posting on the teco board
imo, there are going to be cheap, cheap, cheap shares tomorrow morning.
maybe .0075; hope it doesn't go lower.
does not look good for the Kansas leases if treaty doesn't have the funding already in place.
all, in all, much worse than i ever expected.
buy @ .009; sell @ .011
make 22%
imo, the only way to play teco stock; almost daily
bid is looking good; i might get some more shares today
RON BLACKBURN
Does anyone care to comment on that post?
show me some volume or buying pressure or a 10-Q
RB has plenty to sell
looks like volume went the way of the 10-Q; ie dissappeared.
you have to admit, treaty hurts themselves more than anything said on these boards.
no revenue, no volume.
how long does it take to say,
No Revenue, Unaudited???
too rich for my blood