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Where is Jimmy Jones and how many pads are built in Shelby County? Oiljob
Merry Christmas everyone. Oiljob
P.S. I got a really nice lump of coal .... lol
P.S.S. I hear Santa is coming early next year.
Correction: Treaty promises over one well per week in 2013. Sorry. Oiljob
We are still here, the world did not end, and Treaty has disseminated most if not all of its 2012 bad news; some people may have thought that was apocolyptic.
Let me just say this: "Merry Christmas" everyone (heart-fealt). The bad news has already been baked into the cake. We may have a lump of coal now but in 2012 Treaty promises to drill over a well a week for the entire year (review our current approved drilling program), plus all the wells we are going to rework in Sabine County, Louisiana. That is a lot of potential good news in the pipeline (not to mention oil); without any mention of Belize.
I'm not selling my stock and I anticipate a very good 2013, so Happy New year too. .... Oiljob
P.S.: Merry Christmas to Mr. Reid all all of our hard working faithful employees. People can say a lot of things, but they can't say you aren't atually drilling oil wells. It's only a matter of time and you will get those bonus checks.
No, it's time to unleash the Krakken .... I mean the Frackin. Oiljob
Anything to get the numbers up. We should see some Shelby County numbers this week.
Merry Christmas all.
Ambatovy is now cranking-out and selling refined ingots of cobalt and nickel on the international market. This is a game changer. Oiljob
For all we know Tanjung quietly performed an offshore geophysical survey before they invested in Treaty. I presume they are "aware" of an offshore prospect already or why dump money into the company.
Although I'd still like to know the extent of their investment and the basis on which it occurred. Oiljob ... just thinking out loud.
It simply is not realistic to believe they invested in a Texas wildcat; there are too many ... why us?
Offshore Belize is the gorilla sitting in the corner of the room.
Have a good week everyone.
I hesitate to repeat myself, however, to the best of my knowledge the Fredricksburg is not permeable sandstone, it is LIMESTONE:
The Fredericksburg Stage was named for exposures in the outskirts of Fredericksburg,
STRATIGRAPHIC UNITS OF LOWER ALBIAN CENTRAL TEXAS
Sharon Goehring GEOL 344: Evolutionary Stratigraphy
-4-
Gillespie County, Texas. First described by R. T. Hill in 1887, the Fredericksburg is composed of
limestones with some flints and chalk units. It strikes northeast to southwest and dips toward the
southeast at a gradient of nine to sixteen meters per kilometer (Petta, 1977).
I believe the Anona Zone is a sandstone. It is higher in the litho column. This is facies geology, when the shallow inland seas were full, limestones were produced, as they dried up the muds and shales were produced, as the littoral (beach environment) disappeared you got sandstones and various continental non aqauous based basin deposits. You know some the environments are very dry because you get lots of salt domes in Texas. Oiljob
Then the process can all repeat.
The Fredricksburg Zone is not a permeable sand, it is limestone, actually a candidate for acidization, but it could be both fracked and acidized. Oiljob
By the way sandstones are fracked all the time and I haven't a clue what the permeability is in the Fredricksburg Zone; but I hope it's high so we can get a lot of oil out.
Indeed a slurry of sand is the medium used to frack with the last time a checked. The frack-sand business is booming.
Now that the Madeley's lateral is finished, I presume we will hear more about perffing it and fracking it. That would re-stimulate the oil flow and allow the well to be recertified. Oiljob
Am I missing anything??
This could have a lot to do with Bull getting his 200 bopd.
One Shelby County pad, four wells, four zones (which we currently know of) and no laterals and I predict over 200 bopd. That's just Shelby County.
Eventually we should drill a 15-17 thousand foot well and see what is really in Shelby County.
Re Madeley: How do you case three laterals?? I presume you case the most prductive lateral, or they are all at different intervals (zones) in the well, only one lateral could be drilled at the Fredricksburg Zone, and I thought that was what the permit allowed. So can anyone fill in the blanks?? Oiljob
Discussing the Madeley, from the TRRC map Chit sent me yesterday, it appeared the lateral was drilled under the lake and towards Louisiana. If I'm not mistaken that is the largest man-made lake in the southern United States.
Apparently we pumped a lot of water into the formation. Oil and water dont mix, so it may take a while to get all the water back out and get the oil flowing again. Oiljob
The lateral on the map is marked "oil" (per the map's legend), not oil and gas, and certianly not gas only.
The well appears in an area of the map referred to as the "Bushy Creek" leasehold (or area) if I'm not mistaken.
To be honest I'm far more interested in Madeley's oil production and the current status of new Shelby County pad construction. Oiljob
The rcc maps tell me this is an oil well not a gas well.
Thanks Chit. Oiljob
The press release indicates "three" laterals were drilled on the Madeley? That came as a surprise to me. Does that mean three laterals in the Fredrickburg Zone or three laterals at three different production levels (production zones higer in the well). Is this well perfed at every zone of production or just the Fredricksburg Zone? Oiljob
The Madeley (lateralized and recertified), and four pads. Now that's a whole new game.
I'm patient and I'm done; thank you for your attention, and if you're criticising this stock don't let those words get caught in your throat. Oiljob
Bull: As long as you are asking questions, maybe you could get a list of all our rigs and ascertain what each is currently working on. It would be nice to know that nothing is sitting idle. Oiljob
The immediate future should be spelled "Madeley", the intermediate future should be spelled "Shelby County" as in more pads and wells, and the furthest future should be spelled "Belize". Of course the company can keep throwing as many McComas and Sabine Parish wells and joint ventures into the mix too. Here is to the future, this door, this path, and may God and good luck make it more than a dream. Oiljob.
But were I to dream it would be of an offshore rig in Belizean waters over a great geophysical anomaly. Think small elephant.
Our critics would have you believe that this company is broken, that it is limping badly, and we will never make it to the finish line.
But this isn't a race, and we don't have a time-clock. What we have is opportunity.
Treaty apparently has an endless supply of vision; most of us are dreamers, following a small cadre of entrepreneurs that apparetnly know how to turn dreams into reality.
They (the company) possess an endless supply of new projects, they possess the ability to build bridges and relationships within the industry, we have an over abundance of gleeful joint venture partners, and we have oil; never forget that ... we actually have the oil already .. we need only ramp up the production.
And we have the audacity to believe our dreams can come true, and together with our joint venture partners ... after all we are not carrying all the weight on our shoulders alone ... we will soon be rich .. beyond our wildest imaginations. Oiljob
It's only a matter of time .....
I am the ultimate optimist ... but I do not check the reality at the door .. invest wisely and don't put all your eggs in one basket.
Treaty has so many irons in the fire now, it is truly a target rich environment ... for the critics. It must be difficult determining what to find fault with next.
But as each project inches towards production, the credibility of the critics continues to wane.
Which secretly makes me very happy. Oiljob
Great post Panther. Oiljob
OK, there I was on my knees praying for Mike, when all of a sudden the McComas hits in Taylor County, bringing all the shorts to their knees too. Now who said the Lord doesn't answer prayers.
May the Lord strengthen Mike and the Mulshine family and bring them all through this valley of fear quickly. Oiljob
Let us know how the surgery goes. You remain in our prayers, together with our entire TECO family. Oiljob
Think of Treaty like a volcano; one day day it is simmering with just a little wisp of smoke, the next day it's erupting. Only, the day after it erupts you can no longer buy 3 penny stock.
Most of nature is catastophic in one sense or another. Only large scale geology is Huttonian; slow, and imperceptibly moving or building, like a mountain range for instance, or the movement along the San Andreas Fault. You can't see it but you know, over millenia, it is a force to be reckoned with. Volcanos are catastophic; one day they are nascent and the next all hell breaks lose. Consider the citizens of Pompei.
Get your stock, and put it in your back pocket, and wait. It's the best lotto ticket you'll ever buy. Oiljob
When I was a boy I always loved the puzzles with the little numbered dots. If you connected them in the right order they made a picture.
Years later in psychology class I learned about Gestalt. Some people, better than others, can see a picture or a design or a trend or a pattern among the confusing array of dots or data.
Chessplayers know what I'm talking about. Stock speculators do too.
Deciphering the truth, or the trend, or the next possible action, is a talent, and requires decernment between the truth and disinformation. Yours to judge.
Sometimes you can just feel the electricity in the air. That's how I feel right now ... because something is imminent. GLTA Oiljob
We've all seen the movie: it's a dark blustery night in Texas, and it's hard to keep the fire lit, with the wind blowing and a huge storm front coming through.. Tornados are on everyone's mind, and every cowboy is dog tired and not about to get any sleep, when suddenly the lightning strikes, and the thunder booms across the plains. STAMPEDE.
Yep that's my Treaty metaphor for the day.
And that sweet grassy smell in the morning, when everthing is wet and green .. well that is how everythng looks and smells and feels right after they find the wind blown copy of the Abilene News Courier telling them that cows are out and oil is in ... and Treaty Energy just merged with Belize Natural Energy ... and the rest is history .. and .... (you know the rest of the story).... hahaha have a nice day. Oiljob
I understand 2011 was in the bag after 12-31-2011 for most purposes and 4-15-2012 for a few extras things ... but the day gets many people thinking taxes again for sure. Oiljob
Today is THE last day to file your 2011 tax return (10-15-2012) ... ergo some of the selling we're seeing could in fact be tax related. Oiljob
Holy Speculation Batman ... what can I do to help save our great City ... day in and day out the constant barrage of conspiratorial doom and gloom .... how are we to survive? Batman stands silouetted in the moonlight... and slowly turning replies ... Gotham can survive .. Gotham will survive ... Gotham must survive .. Hell Batboy ... (thinking: my retirement is riding on it.) the night is young and there is so much crime to stop .. what are you doing here ... get out there and do something positive. Damn it ... save the city Boy. And I'll help you do it ... it's just a matter of determination ... putting one foot before the other ...one criminal at a time .. and soon the oil is flowing and the Jokers are all in jail. .. We can save the city ... one well at a time ... why I just got this telegram from Reid .. and he's offered his help ... you know we can always can't on him ... when the road gets muddy ... Reid always find a way. See we have friends Boy ... friends in high places ... friends even in Belize ... and just as soon as we get this crime wave under control ... I know a nice beach in Belize where we can get all tuned up to take on another City and another after that ... one well ..one city at a time. Don't give into the dark side ... not when we are so close. I am Batman and if I say we can do it then by God ... we can. Oiljob
More equipment, more leasehold acreage, and more opportunity.
I just can't imagine why anybody would want to buy this stock?
Both domestic and international concessions and leaseholds.
Major international partners coming on board.
Massive offshore opportunities.
New technology coming on board to make old fields new again. (How much oil did the first team leave in the ground .... the majority.
I could really go on and on all day. I wouldn't let the grass grow under your feet on this stock.
Have areally good weekend everybody. Oiljob
I love the sound of fracking at 6500'. Oiljob
Have a good weekend everyone.
It is being suggested by some people on this Board that you simply can't find shallow oil... welll .. I would refer you to Wikipedia's overview of the East Bakersfield Oilfield:
"The Kern River Oil Field is a large oil field in Kern County in the San Joaquin Valley of California, north-northeast of Bakersfield in the lower Sierra foothills. According to a California State Historical Marker of the original site in Kern County, "Oil was discovered at 70 feet in 1899, when Tom Means persuaded Roy Elwood and Frank Wiseman, aided by Jonathan, Bert, Jed, and Ken Elwood, George Wiseman, and John Marlowe, to dig here for oil. On June 1, 1899, 400 feet to the north, Horace and Milton McWhorter drilled this region's first commercial well."[1] Yielding a cumulative production of close to 2 billion barrels (320,000,000 m3) of oil by the end of 2006, it is the third largest oil field in California, after the Midway-Sunset Oil Field and the Wilmington Oil Field, and the fifth largest in the United States.[2] Its estimated remaining reserves, as of the end of 2006, were around 476 million barrels (75,700,000 m3), the second largest in the state. It had 9,183 active wells, the second highest in the state.[3] The principal operator on the field was Chevron Corporation[4]"
WOW : OIL WAS DISCOVERED AT 70 FEET AND OVER TWO BILLION BARRELS RECOVERED TO DATE. THIS IS THE SAME FIELD WHERE GETTY FIRST DEMONSTRATED HOW TO INJECT STEAM INTO THE SAND TO ASSIST WITH THE RECOVERY OF SHALLOW VISCOUS OIL RESERVES. BELIZE IS CURRENTLY BEING SHOWN (TAUGHT) HOW TO REMOVE OIL FROM VUGGY DOLOMITE IN THE STANN CREEK OIL FIELD. DOLOMITE: ITS A TYPE OF CARBONATE ROCK, SO YOU ACIDIZE UNDER PRESSURE, IN ESSENCE THEY ARE FRACKING THE SHALLOW FACIES TRAPS ALONG THE COASTAL PLAIN, WITH AN ACIDIC MEDIUM. THE GEOLOGY IS PROBABLY THE SAME AS AT THE NEARBY MONKEY RIVER SITE WHERE THE COMPLETE LITHOLOGY WAS RECOVERED (CORED). SOME OF THESE MARINE FACIES TRAPS WILL BE FULL AND OTHERS EMPTY DEPENDING ON A MULTITUDE OF OROGENIC PROCESSES THAT HAVE OCCURRED ALONG THE BELIZEAN COAST (READ MAYA MTNS.). THE ROCKS ARE PROBABLY LARGELY CRETACEOUS UNDER A SHALLOW CLOAK OF RECENT SEDIMENT. GO TECO.
I REPEAT MYSELF, BUT I URGE MOST LONGS TO DISENGAGE. THE FACTS WILL SOON BE FULLY REALIZED BY ALL. OILJOB
If one studies the concessions, like I did two years ago, it is apparent that the provisions can and have been extended for all concessionaires. Additionally, we have in fact already drilled and complied with the provisions of the contract, ergo we have fully complied with the contract, which is more than I can say for any other concessionaires or companies in Belize. Additionally, all the concessions were allotted at the same time and we are way ahead of everyone else in complying with the provisions (which should not be an issue for us). If we lose acreage everyone else loses acreage too, I don't think that is going to happen. Finally, if one bothers to read the clause (in question) it permits "Treaty" (not the GOB) to determine what acreage to return, it need not be contiguous, it could be all the acreage along the Maya Mtns. and a gridboard, or a checker-board of environmentally sensitive acreage (reef acreage). This is really a red herring. Zero to worry about. Geographically and strategically our concessions remains the same size. Oiljob
It's only a percentage (25%), and for some concessionaires, with much smaller concession holdings, this could present a much more critical issue. However, nobodies concession would actually decrease in size unless that is what they chose to do.
I predict all the concessions will be extended another two years in any case.
Strange how a little ole picture can just suck up all the air in the room. Oiljob
Now see .... that's worth talking about.
Man, I'm laughing all the way to the bank.
Two words best descibe the motivation of most oil men. The first is "discovery" (the prime directive) and the second is "sustainability" (profit and wealth).
I'm reading between the lines but it would appear the "new narrative" is TECO will find oil in Belize and then TECO will dump its treasury stock.
I'm glad the discovery phase is finally being behind us (in many respects), but there is no way a dumping is in the works: we have pads to build and drill in East Texas and more fields to discover in Belize. This is just the beginning ... although I love the Armageddon (comparisons) discussions and scenarios, the reality is we are simpy building a company, and being forced to jump incredible hurdles against incredible odds, in a land that is far, far away. It is simply a difficult job, but if we make money then all of Belize makes money, and those who invest with us will share more of the profits.
I've been investing for 30 years, and with or without Belize, this stock would appear to have "winner" written all over it. Multi-field development in Belize, with eventual offshore exploration and hopefully discovery, is what makes this company so special, There is no other company in the world, that is so small (and its shares so cheap), with so much land to explore. I will never witness another opportunity like this in my lifetime, and if there is commercial oil on our concession property then why would anybody even consider ruining this company with a quick cash out. It is both unreasonable and irrational.
We are all guided by different lights, and one man's false prophet is another's messiah. These boards are a testament to that fact. Oiljob
Obviously, Belize has had it's share of problems, however, with the recent humungous volanic eruption in Guatamala, we are now forced to add "ash-holes" to the list.
Now this is truly the last straw and I will tolerate no further excuses ..... Oiljob
Where is that dog that smells oil ... we need him down in Belize right now.
Indeed, it could be very interesting to study the Stann Creek litho logs to see if any past volcanic activity, creating vast ash layers geographically speaking , are in fact the rock now identified as the cap rock for any of our current "zones of interest".
Wyatt Earp had a shady past too. He was a horse thief back east and had to flee to the west and start over. It's a common American story. Perhaps the foreigners on this Board should read some American history. Our railroads were built by "Robber Barons" , Teapot Dome was discovered by shady guys too., but the oil was real, and lots of people got very rich.
I don't have time to worry about Mr. Reid's past, I've spoken to him and I consider him a pretty straight shooter.
As an attorney I can tell you that most cases settle; our courts could not possibly try every case, and all kinds of motives are at work prior to a case being filed. Cases are filed simply to destroy people, the truth be damned, and courts provide neither a forum for truth or justice. They only provide "due process" and therin lies the rub, an old broke dirty judge (or just an old tired judge) and a couple of dirty attorneys, and you've got a real worm-ball, and where does the truth exist; well we've learned to just cut the Gordian Knot, Alexander the Great showed the way. Oiljob
You settle the past and you move forward; hopefully learning from your mistakes. In these times of trouble you discover who your real friends are, and others show their true colors. That is why I put such a high value on "loyalty", it is truly priceless; I think I'll be loyal to Mr. Reid today, tomorrow and maybe till Hell freezes over. Oiljob
For all the "experts" suggesting that there is no oil reservoir in the San Juan/Stann Creek basin, I will repost my research from May 2011, which speaks for itself. The Monkey River is drilled just south and slightly east our San Juan wells. The salt water may actually be pushing the oil into onshore traps, such as the area we are drilling based on the magnetic anomoly we observed in this location. We are drilling the sweet spot that this crew just missed.
A Monkey River well was drilled offshore in 2007 by Island Oil and Gas...I think they just missed, but the geology looks good.....
"The Little Monkey Cay #1 well was spudded on January 25th, 2007, and reached a total drilled depth of 3111 feet below driller's reference on 9 April, 2007. The well was plugged and abandoned as a dry hole on April 13, 2007. The majority of the well was cored so lithologic knowledge is good. Rocks encountered at the base of the well are fractured and vuggy, dark, crystalline dolomites of Early Cretaceous II (Albian) to Late Cretaceous 1 age (Cenomanian) (Figure 3). The well is located in tract 12 offshore from the Toledo District of Belize and inshore the barrier reef (Figure 1). The well data sheets summarize other information relevant to the well.
The well was operated by Island Oil, Belize, LLC, which carried all costs.
Dolomites encountered in the lower portion of the well contained many occurrences of residual oil in what was once probably a very rich reservoir in these very porous and permeable rocks. However, the Toledo shales were lacking and any inter-formational anhydrites were also not encountered, therefore, all but the heaviest fractions of oil appear to have migrated out of this structure, probably along the numerous faults and fractures encountered during drilling.
The jack-up rig stood in 83'9" of water. The well is located in Block 12 offshore in the southern district of Belize, Central America. The well data sheets summarize other information.
The well is somewhat atypical in that the entire well was cored except for the upper 238' and thus the knowledge of the lithologies encountered in the well is far better known than in other situations. Lost circulation was a problem throughout large sections of the well though this did not affect the ability to identify lithologies encountered while drilling due to good core recovery.
At the final depth, obligations between government and partners were met and the parties agreed to stop drilling further.
No insurmountable difficulties were encountered during drilling. From spud to abandonment, the average ROP was 50-60' per day. When the rig and ancillary operations were running well it was possible to achieve a ROP of approximately 120' per day. However, given the complex nature of the coring operation and the new rig/platform system, numerous equipment breakdowns resulted in many days of equipment repair. Additionally, the fractured nature of the lower rock resulted in numerous core blockages and lost circulation caused progress to be slower than desired.
The dark, fractured, vuggy, crystalline dolomites and limestones in the lower half of the well are ascribed to the Early Cretaceous Coban Formation with the top picked at the top of the limestone unit at 2600 ft. Biostratigraphic results presented later argue for a mostly shallow to very shallow marine setting with the darker units representing algal mat derived organic matter. This unit as well as the overlying carbonates are, in places, heavily fractured and faulted (several slickenslides). No organic geochemistry results are available from these lowermost carbonates although they contained fairly frequent traces of asphaltic/bitumen like hydrocarbon residues indicating the former status of this formation as a resevoir rock - with drainage probably occuring related to the faulting and fracturing.
The top of the Late Cretaceous Campur Formation is picked at ca. 1500 ft to coincide with the top of the dark, fractured and vuggy dolomites in this section. No thin section data is available for this unit but the dark color, and abundant pyrite argue for a shallow marine setting. "
It's nice vuggy dolomite and it's thousands of feet to bedrock. Pretty good spot. Apparently the petroleum just needs to be unlocked, hence Schlumberger will perf and acidize the San Juan field, and hence the pr suggestion that the field, once delineated will be drilled from a central point and laterally exploited. Time will tell Oiljob
The map shared yesterday, confirms hydrocarbons in all the southern wells, it has simply escaped or migrated from the locations drilled. One or two thousand feet, a small fault, a small capping layer of anhydrite, makes all the difference in the world.
Maybe a little news out of West Texas will get the ball rolling this week.
Remember, we're still a story stock, and good stories can sell a lot of shares too. Oiljob
Time for the Treaty roadshow to begin. I've got my ticket .... Do you have yours? Now introducing, Andrew Reid , the master of ceremonies. Oil job
I was betting ponies out at the L.A. County Fair all day ... and made some money. Got home and saw the good news.
I thought the Chumley lease closed back in the week of 7-31-2012.
This news concerns the other 3 leaseholds. What is now called the Lakeshore, has to be a misprint. The fourth lease is called the Ellora. I presume we have now closed on all four leases.
Good job Treaty. Oiljob