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Treaty Energy (TECO) is engaged in the acquisition, development and production of oil and natural gas. TECO 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 TECO to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration. TECO's headquarters are located in Houston, Texas. For more information, please visit our website at: www.treatyenergy.com
Treaty Energy is a Fully Reporting company, they are transparent when they need to be. Why would they update us minute by minute only costing the company even more. We will see who was right.
This new lease has four (4) wells that are currently being re-entered after several months of being shut in. Production is projected to be 8 to 10 bbl per day per well.
Crude Oil $73.36
GM Yoda, Now I hope they wait until after the holidays and the end of the year tax write offs.
I think PWRM may have bottomed out today.
I like this part of the most recent pr.
The seller is guaranteeing Treaty Energy a minimum of 4 bbl per day per well net for 12 months from the time the wells are fully reworked.
I've been adding on the dips lars.
I'm ready for this to run, i've got my shares now it is just a waiting game.
Good Morning Ahdio. Treaty would be required to file an 8-k if the deal wasn't to close, which means everything is just taking a little longer.
NBRI .045 1 mm left
Crude oil is at $74.00
They will believe soon enough bruce. Not too many investors think it is actually possible to attain that type of revenue by a pinksheet company. I believe that is why when we uplist, we will see more trading action.
Check out the subheader on the NBRI news...
Contains the Potential Equivalent of More Than 3 Million Ounces of Gold
http://finance.yahoo.com/news/North-Bay-Resources-Inc-NBRI-iw-1417450659.html?x=0&.v=1
GM yoda. The numbers are solid, the company just needs to release some news already
Check out the subheader on the NBRI news...
Contains the Potential Equivalent of More Than 3 Million Ounces of Gold
http://finance.yahoo.com/news/North-Bay-Resources-Inc-NBRI-iw-1417450659.html?x=0&.v=1
What are you watching?
Not alot how are ya
I added some more today lars.
North Bay Resources Inc. (NBRI) Acquires Zippa Mountain Wollastonite Property
SKIPPACK, PA -- (Marketwire) -- 12/07/09 -- North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has acquired a 100% undivided interest in the Zippa Mountain Wollastonite Property in northwestern British Columbia, Canada.
The Zippa Mountain Wollastonite Property (a/k/a ISK Wollastonite, MINFILE 104B 384) covers 2,456 hectares (6,066 acres) approximately 240 km northwest of the town of Smithers, BC and about 70 km northeast of Wrangell, Alaska.
According to BC Assessment Report 25449, six wollastonite deposits have been discovered and evaluated in the vicinity of Zippa Mountain. These are the Bril, Cliff, Bartnick, Glacier, Brys, and Slimjaw deposits. The geological resource estimate for all six wollastonite showings is 50 million tonnes.
The North Bay claims contain four of these deposits; the Cliff, Bartnick, Brys, and Slimjaw. Of these, the Cliff (so named because it represents a 100 metre plus cliff of high-grade wollastonite) is considered the best, and is estimated to contain 2 million tonnes of open pittable, high aspect ratio ore grading 80% wollastonite. As well, a pre-feasibility study contained in Assessment Report 24540 states that samples from all of the deposits show high-grade wollastonite, but it ranked the Cliff and Bartnick deposits as the best targets, as both are amenable to low-cost surface mining. The pre-feasibility study, which was completed prior to the adoption of NI 43-101 standards and is therefore considered a historical assessment, concluded that:
-- samples from one deposit -- the Cliff -- at ISK wollastonite indicates
the existence of 75 to 80% pure wollastonite-- beneficiation trials show this can be concentrated and recovered by
standard magnetic separation and flotation to give 96% wollastonite with a
brightness of at least 87% IS0-- grinding trials have yielded acicular material of which 50% has an
aspect ratio greater than 15:1-- there is an inferred two million raw tonnes of wollastonite above
ground in the Cliff Deposit; two much larger deposits have been identified
which also indicate high grade raw material-- a production concept of simple bench mining, slurry pipeline transport
of the crushed raw wollastonite to the tidal Stikine River and then barging
to a suitable port is proposed-- ISK wollastonite is insoluble in water, does not contain leachable
metallics and incapable of causing acid rock drainage; the immediate
environment does not indicate sensitivities-- the above factors all combine to indicate ISK Wollastonite can meet
all market specifications and offer the opportunity for a profitable
commercial operation and be confirmed in due course to be a world class
deposit-- detailed work is now justified to establish the environmental and
infrastructure baselines and continuity of wollastonite quality in the
deposits in anticipation of a bulk sampling programme as a prelude to
application for a mining lease
Wollastonite is an industrial commodity, and is the only naturally occurring, non-metallic, white acicular mineral. Because of its unique cleavage properties, wollastonite breaks down during crushing and grinding into needle-shaped particles of varying acicularity. This particle morphology imparts high-strength and is of considerable importance in many markets and applications, ranging from plastics and ceramic tile to vehicle brake pads, thermal insulation board, paints, and protective industrial coating. It is also used as a replacement for short-fibre milled fiberglass and short-fibre asbestos. The combination of high brightness and low gas release when heated creates a major demand in the ceramics industry, and the brilliant whiteness is of major importance to its use in the coatings industry and filler markets.
Market prices for domestically produced acicular wollastonite range from $205 to $1,984 per metric ton (Source: U.S. Geological Survey, 2008 Minerals Yearbook: Wollastonite, September 2009). The key variable is the grade, with the highest grade wollastonite used in the plastics and ceramics industries commanding the highest prices. To put this in perspective, the intrinsic value of the Company's Cliff deposit alone, which by itself is estimated to contain 2 million tonnes of raw high-grade wollastonite, is the virtual equivalent of between 300,000 and 3,000,000 ounces of gold at current market prices.
The reference to gold by inference is not without basis. It should be noted that the northern slope as well as the southwestern portions of the Zippa Mountain Property near the Bartnick deposit have previously been intermittently explored for gold before the wollastonite deposits were discovered in 1993. This is an area where glaciers have been continually receding and exposing new outcrops each year, creating the potential for new discoveries as more outcrops become exposed. Zippa Mountain is approximately 7 miles due west of Barrick's Snip gold mine (MINFILE 104B 250), which produced over 1 million ounces of gold and 4 million ounces of silver between 1991 and 1999. Less than one mile east of the Snip Mine is the current Bronson Slope project (MINFILE 104B 077). In 2008 Skyline Gold released a NI 43-101 compliant report with resource estimates of 225.1 million tonnes containing 2.6 million ounces of gold, 16 million ounces of silver, 38 million pounds of molybdenum, and 695 million pounds of copper.
Given the close proximity of the Zippa Mountain property to these gold producing areas, a new discovery of gold around Zippa Mountain is a realistic possibility once wollastonite extraction operations commence and further exploration programs are expanded.
About North Bay Resources Inc.
North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and develop them through subsidiaries and JV partners to their full economic potential.
North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Contact:
Perry Leopold
CEO
North Bay Resources Inc.
215-661-1100
http://www.northbayresources.com
Treaty Energy Corporation (OTCBB: TECO), a growth-oriented energy company in the oil and gas industry, announced today that it is acquiring a 70% net working interest in an oil and gas lease in Morgan County, Tennessee. This lease interest is being acquired at a purchase price of $260,000 from Green Light Energy LLC with whom the company has several other projects moving toward completion.
Joe Grace contact information
Joe Grace, President & COO
Tel: 713-425-5366
Email: Jgrace@treatyenergy.com
As of December 07, 2009, North Bay Resources Inc(NBRI.pk). owns over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.
As of December 07, 2009, North Bay Resources Inc. owns over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.
GM All. Crude is at 75.08
NBRI is Building up momentum again
NBRI-Building up momentum again
I still need more shares of Trelawney, before they really start breaking out.
We will hear soon enough. I know the company is going to do everything correct because the funder works for the company, which means he isn't going to let it fail. Until stated otherwise, the funding is on tract.
thank you
It means if everything goes well NBRI be able to proceed with acquiring new properties as well as utilizing jvs to mine them and still get a cut off the profits.
I would think as these projects further themselves along in the process that the cash flow and profit margin with widen. Since they are uplisting, that will be an added cost to them.
Have a good weekend pizza
Where do you see NBRI going this week Lars? .05 or higher?
There are not many shares at .58, that is why it hit .60 so easily on friday
We got believers in Treaty. That is why there is bid support.
PPS says it all folks--Green yesterday
That is not a FACT...Prove where the funding has fallen through PLEASE...They would have to disclose in an 8-k if the deal won't close. that is FACT--and it is according to SEC law.
I agree. I am impressed with Perry, NBRI's ceo and how he manages the company. He has posted contracts on Pinksheets.com and their $5 Million in funding contract as well.
NBRI--Chart has bottomed and is moving back up.
NBRI had a white candlestick on friday which means there was normal buying pressure.