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If you look back at my posts I had said feb would be the start of something big. Don't listen to the numbers some like to reference. They said they were breaking even and with the drilling due to start in Texas any moment we will start to see huge month over month numbers. Trust me the production numbers do not reflect current output. They are storing oil to bolster the month over month numbers. Go TECO
You have to admit if the news comes up dry in Belize it shows the GOB was absolutely correct in it's initial assertions, that max Mohammed and bull were incorrect, and that the 8k was at worst fraud and at best foolish.
That said I happen to believe the news is going to be better than anything out there right now. I predict within two weeks treaty hits new highs with the highest volume ever.
Lol good question. He just does not like lime plays that are not the lime play he pumps
If there is no oil in Belize treaty loses all credibility. Period
No tar present only light sweet crude 46 API
Does fifteen sound like fifty with belizean accent lol
I would think the person(max) mudlogging would interpret the thickness more accurately that the person typing the press release for a third party but I could be mistaken.
The only thing I question is the pay zone thickness which the wireline should clear up. If it is 50 feet or so the chances of better production rise exponentially
The letter from princess petroleum to Belize geology dept was dated 2/22/12. In the letter they expected to resume drilling activities in 14-20 days. 3/14/12 was 21 days. So here we sit. We are very close if not already drilling/logging.
The small rig also should be in Texas by now so we are on the cusp of results in both locations. Perfect time to buy which I have been
Yes I would agree on the premium
What I was getting at is an oil find in the south of Belize- game changer
I think everyone agrees the potential for offshore especially in the northern part. I would disagree that commercial quantities do not exist onshore. We will just have to see. We should know the answer soon though. Common sense would indicate there is. If treaty does have viable reserves it would be considered a game changer don't you think?
If I am not mistaken the seismic work has already been done offshore
I agree with you things are going to start moving sooner
Also remember a little meteor hit that area and most likely did all the microfracturing necessary to integrate the field. Just my opinion
Voids that could cause the. Mud logging to lose circulation during drilling lol
Don't forget there may be voids a person could drive a tractor trailer through. There are many present day cave systems in Belize, formed as water cut them running down the mountain.
Yes Afse is another tidbit that speaks volumes. Anybody with half a brain can figure out why they are going berserk to raise cash
You have salient ideas in your post. Forward looking statements have the capability to cut both ways.
They are putting another full time person in Belize. I run a business and do not hire people to sit around and lose me money. Use your heads people
Don't be so sure of that. I think there are games being played by both sides. Head fakes etc. There is more oil in Belize than some are being led to believe. JMO. We will see soon won't we? Lol
Does anyone have an explanation for the shifting pay zone number in San Juan 2?
Would love to see the 8k on that acquisition lol
I believe your DD is not current. But do appreciate the effort. Go TECO
Some will fall for it but that is human nature. I can see right through the fear he is engendering. This is probably going to get squeezed some more, the average Joe is not making 800,000 share purchases lol.
That is if mr cho has ever seen a wire line logger before lol
My guess is that wireline was required by mr cho in order for Belize to confirm find. Only problem was the 200 thousand bucks needed to purchase and transport it there. So they got the money for the equipment and as soon as max Mohammed ( third party) confirms it we will most likely hear from mr cho. Go TECO
Good luck to those on the sidelines
Anyone catch the t trade for nearly 900,000 shares
Time is the greatest equalizer. In time those that are wronged are righted and those who wrong are given the chance to make right
Tonights comments have not changed my belief that we have already succeeded. The hard and painful work is almost complete and the fruits of the labor will zoom flow upon those that believed. I have already stated this I know but it had to be repeated.
Those that choose to trade in and out of this will have moments of joy and anger. That is not too hard to understand is it?
We are climbing the great wall of fear. It takes courage to hang on and not let go. Hang on rambler and keep believing
What people believe is usually the result of experience. In order for belief to change the experience needs to be positive. We all want to believe this will be a positive experience, and when money starts flowing into the till the experience will be positively believable.
I'm not a charting man , my gut tells me this will hit new highs soon. The business is getting quite close to making money. The market wants to see it first though. We are nearly there gentlemen. Anyone that purchased higher would be adding here if they were shrewd. I have been picking here and there, don't want to get too greedy, I have enough shares to wallpaper the princess hotel already. Go TECO
It seems the ducks are finally lined up both in Texas and Belize. And now that the presentation has been honed look out deep pockets:)
It is easy to get impatient here. There have been many delays the past several months. The good thing is that everything is continuing to move forward and we will soon be getting good quantities of oil to market. I think we will soon see some heavy hitters enter the fray here. It is a mathematical certainty.
Go TECO
Malbec is it true that Andrew Cho was replaced as petroleum minister
Sure does
I think he means the dilution has already occurred and people are just cashing shares.
At 6 bucks I might hold on lol
Now if they reversed it to five a share and did a secondary offering
The " handle" has increased ten times average from what it was months ago. From twenty thousand to two hundred thousand a day so something is happening. If the price continues to appreciate the volume might go down a bit IMO. We need a little math which I am not so good at to opine here