Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We need another green day to show the bulls are kicking in.
Good Morning everyone. Green yesterday.
TTDZ VALUATION by sveronic
Triton announced a year ago an acquistion that was pending(ZTS). In a recent PR they announced that they now have the funding to close the acquision they spoke of a year ago. ZTS has annual revenue exceeding $147 million dollars or $288 per outstanding share in revenue. ZTS had a net profit of $700 thousand in 2008 that is $1.37 per outstanding share.
We are currently at .20 with 146k shares in the float
Welcome CHI11man. It is good to see you here. TTDZ is going to be a solid investment IMO
Treaty Energy Corporation Announces LOI to Acquire Oil & Gas Lease in Louisiana
HOUSTON, TX -- (Marketwire) -- 10/29/09 -- Treaty Energy Corporation (OTCBB: TECO) today announced that it has entered into a letter of intent to purchase 56 wells on 600 acres near Converse, Louisiana. This purchase will include all pumps and equipment to operate the wells.
There are currently 13 wells in production on this property producing 22 BBLS of oil per day, and a program is in place to rework the balance of the wells with estimated production to then exceed 95 BBLS per day. With estimated reserves of one million BBLS at a discounted price of $60 per BBL, this project represents a significant addition to Treaty Energy.
The terms of the purchase are $350,000 cash at closing and one year owner financing for $650,000.
Additionally, Treaty Energy will repurchase a 6% royalty for $20,000 which will allow the company an 81% net of royalty interest. The company, by agreement, will have a short period for due diligence and to prepare an updated Reserve Report. Assuming satisfactory due diligence, the closing is to occur on or about November 15, 2009.
Randall Newton, CEO and Chairman of Treaty Energy Corporation, stated, "We are pleased to be adding this 56 well property to our oil producing assets."
Mr. Newton stated further, "Based on actual production from the currently producing wells of approximately 1.7 BBLS per day on this Louisiana property, and assuming $60 oil and the cost of reworking 8 wells per month until all wells are functional, we estimate payback on this acquisition at about 14 months."
Because of the very short closing time Treaty Energy would have passed on this opportunity, but as a result of the actions of Treaty's CEO, Randall Newton, in aggressively building the Treaty organization, including the recent additions of President and Director Joe Grace and Director Dan Olson, many new and exciting opportunities are now coming within the reach of Treaty Energy Corporation.
"Our investors should know that since my appointment to the board we have reviewed six new opportunities for possible acquisition by Treaty Energy.
It is anticipated that more announcements will soon be forthcoming," stated Joe Grace, Treaty Energy's newly elected President.
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.
Contact:
Osprey Partners
Tel: 732-292-0982
Fax: 732-528-9065
investors@treatyenergy.com
Investor Relations:
Equiti-trend Advisors LLC
(800) 953-3350 toll-free
(858) 436-3350 local
Ceo is showing that they are being transparent. He has filed financials on www.Pinksheets.com as well as more documents.
“Changing the Company status is a proof that Triton is a significant company in the field of Travel Distribution Globally. Triton is very well positioned to rise and be a sizeable player among the major Travel Distribution Companies Worldwide. It is evident that shortly many travel companies will clearly see the superior technology and exceptional values Triton brings to the industry. It is really a clear testament of what the company its management and employees have produced for the travel industry,” said Gregory Lykiardopoulos, Chairman and CEO of Triton.
Triton Distribution is Now Approved by the Pink Sheets as a Current Reporting Company
Triton (Pink Sheets:TTDZ), Announced today that the Pink Sheets approved the company and changed its status to Pink Sheets Current Information Company. The Company has now posted the following information on the Pink Sheets:
Type
Period Ended
Received
Attorney Letter with Respect to Current Information
06/30/2009
10/29/2009
Supplemental Information
Initial Company Information and Disclosure Statement
06/30/2009
10/29/2009
Corporate Bylaws
01/11/2006
10/23/2009
Articles of Incorporation
09/22/1986
10/23/2009
Quarterly Report
06/30/2009
10/29/2009
Quarterly Report
03/31/2009
10/29/2009
Initial Company Information and Disclosure Statement
10/09/2009
10/12/2009
Annual Report
12/31/2008
10/29/2009
“Changing the Company status is a proof that Triton is a significant company in the field of Travel Distribution Globally. Triton is very well positioned to rise and be a sizeable player among the major Travel Distribution Companies Worldwide. It is evident that shortly many travel companies will clearly see the superior technology and exceptional values Triton brings to the industry. It is really a clear testament of what the company its management and employees have produced for the travel industry,” said Gregory Lykiardopoulos, Chairman and CEO of Triton.
About Triton Distribution Systems: Triton Distribution Systems is a pioneer in low-cost, business-to-business, Internet-based travel distribution and procurement solutions. Triton provides the electronic distribution of travel inventory from airlines, car rental companies, hotels, tour and cruise operators, and other travel vendors to travel agencies and their clients on a global basis. Triton's proprietary products and services fill crucial needs in the travel industry, and offer product, pricing, and marketing advantages. Triton has developed a broad-based suite of products, including ReservationExpert™, TritonTwist™ and Red Dragon Express™ -- the world’s first distribution gateway to the Chinese market.
FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
Good Morning sveronic. With a low float, this thing could run to 1.00 or higher.
Good Morning ahdio. We need to get out of these levels and move our base up higher.
What are all you guys watching??
Check out TTDZ Share Structure
As of 9/30/09: 1 Billion Shares Authorized
As of 9/30/09: 509,427 Shares Outstanding
As of 9/30/09: 146,244 Shares in the current float
Check out TTDZ Share Structure
As of 9/30/09: 1 Billion Shares Authorized
As of 9/30/09: 509,427 Shares Outstanding
As of 9/30/09: 146,244 Shares in the current float
I agree lars. The company could release news that they are uplisting too. You don't normally see a company who is releasing all financial information to pinksheets like Triton is
Many people speculate on what had happend back then, but by looking at the history, the company raised funds by diluting shares. They did a reverse split after the funds were acquired. Then they just did a debt conversion which yields them $8 million dollars. Their float is EXTREMELY low now. It won't take much buying pressure to get this over a dollar in my opinion. It is really hard to judge because there has been random spurts of volume.
They must be doing something big, because they have $8 million dollars, they are updating all information on www.PinkSheets.com as well as reporting financials on there. They are "Pink Sheets Current Information" on www.PinkSheets.com.
I hope this helps 10percentgain
They will be able to use this money for the growth of the company. This will help the company invest in themselves to help them become profitable.
State Of Incorporation:Colorado
Year Of Incorporation:1986
Number of Employees:20 as of Oct 26, 2009
pinksheets.com
It will be a $1.00 next week with a float like that
Share Structure
Authorized Shares: 1,000,000,000 ss of Sep 30, 2009
Outstanding Shares: 509,427 as of Sept 30, 2009
Float: 146,224 as of Sept 30, 2009
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=25586
VERY LOW FLOAT
TTDZ was just brought to my attention. NBRI still could be a good one too.
Disclaimer:
All material posted by this poster (rprocks) is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. By reading this or any post by this poster, you are accepting the sole responsibility for your own investment decisions. By reading this post or any post by this poster, you acknowledge that the information hereunto contained within this post (message) is provided solely for general opinionated discussion and informational purposes and therefore should not be considered to be complete, precise, accurate, or current. Beware that posters on not only this message board but other message boards not limited to this website may be increasing or decreasing their share positions in a security regardless of what they are posting and/or may be compensated in some way from a company or 3rd party investor in the company mentioned in the post. Assume that any security mentioned by this poster is owned by this poster and that this poster may be buying or selling or adding or subtracting from a position they may have irregardless of anything said, inferred, construed, or believed. Always do your own due diligence prior to making an investment decision. Never borrow money to buy penny stocks, and always remember that all penny stocks are highly risky. Also be aware that information provided by this poster concerning certain securities contains forward looking statements that involve risks and uncertainties. NEVER INVEST IN A PENNY STOCK UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT. No statement within this post or made by this poster (rprocks) past, present, or future should be construed as a recommendation to buy or sell a security or to provide investment advice. Past performance is not indicative of future results. Trading securities and options involves extreme risk and professional guidance. This poster does not give specific trading advice nor claim that a thorough analysis of each security mentioned has been conducted. This poster is not a Financial Analysts, Investment Broker, Financial Adviser, Guru or any sort of professional that would be deemed as an individual someone would rely upon for investment advice. You should discuss the asset allocation and risk tolerance level which is appropriate for your personal financial situation with a professional financial planner / adviser. This poster encourages viewers of this post to invest carefully and read the investor information available at the web site of the SEC at: http://www.sec.gov prior to investing in anything. You should also not make any trades or decisions based upon anything said or written by this poster with regard to investments without consulting a professional financial planner/adviser. Always assume at all times that this poster may have a position in any of the securities they mention and could be buying or selling at any time. Any opinions expressed by this poster are subject to change without notice.
What are you watching these days?
Yeah. The company releases financials too.
The volume the otherday was pretty high.
Good Morning Paper, how is everything going?
I'll check ttdz out.
Randall Newton, Treaty Energy's CEO, stated, "There will be no company stock used to close this acquisition. The acquisition is structured as 50% cash for which Treaty is using bank financing. The balance of the purchase will be paid as a percentage of gross oil sales, not to exceed 5%, similar to a royalty payment. The overall purchase price is in the upper 7 figures."
Mr. Newton stated further, "Joe has several ideas that, when implemented through Treaty, will allow us to grow our oil acquisition and production program more quickly in today's buyers market. As we implement these ideas, we expect to see greatly enhanced shareholder value."
We could retest .03 shortly. We need to get the first deal under our belt.
MACD is crossing over too sveronic. That is another bullish indicator that its about ready to move
The chart looks ready ahdio. We popped up there the other day and 237,000 shares were bought.
I agree sveronic. I am accumulating at these levels.
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
There are currently 13 wells in production on this property producing 22 BBLS of oil per day, and a program is in place to rework the balance of the wells with estimated production to then exceed 95 BBLS per day. With estimated reserves of one million BBLS at a discounted price of $60 per BBL, this project represents a significant addition to Treaty Energy.
MAX PRODUCTION -662 wells
662 wells x 10 bbps =6620 barrels per day. 6620 barrells per day x 365 days in a year = 2,416,300 barrels per year. 2,416,300 barrels per year x $73.50 crude oil =177,598,050 in yearly revenue. With a fully max A/S that is $ .355 per share.
CURRENT PRODUCTION-450 producing wells 212 need reworked
155 bbls per day x 365 days = 56,575bbls per year x $73.50 = $4,158,262 with a fully max A/S that is $ .0083 per share.
FUTURE NEW PRODUCTION-75 NEW wells PER YEAR
75 x 10bbls per day =750 bbls per day x 365 days =273,750 x Crude oil$73.50 =$20,120,625 with a fully max A/S that is $ .04 per share.
75 new wells will be drilled per year and the revenue will be .04 per share increase every year. This number will double every year.
Good Morning Ahdio. The volume yesterday was outstanding. Will it continue today?
You are welcome. We are transparent and will close deals as they come to us. This is a new and better management than we had pre-july
Kansas Based Company
MAX PRODUCTION -662 wells
662 wells x 10 bbps =6620 barrels per day. 6620 barrells per day x 365 days in a year = 2,416,300 barrels per year. 2,416,300 barrels per year x $73.50 crude oil =177,598,050 in yearly revenue. With a fully max A/S that is $ .355 per share.
Treaty Energy is a fully reporting company, who has been progressing rapidly in the oil and gas industry. They have 2 multi MILLION dollar deals they are working on. Even if they only close 1 of the deals, this stock will be at .03 short term, .10 long term.