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I wonder if Hurricane Rina is affecting the drilling progress.
Also November 15 will be here before you know it and the Q3 numbers should out by then right
Guys oil has gone up almost to $94 a barrel.
Jim
Cool
I just wanted to say thanks for all the hard work and important information you have provided to this board.
The other board members who work hard also with useful information
I have never done that my time in oil field but that was 25 yrs ago. You do not use blowout preventers ( BOPs) when spudding in for surface casting. You put BOPs on surface casting to drill rest of hole. I think since we has two rigs down there one drilling and one workover, workover can be used to drill casting while other rig drill rest of first well, then switch then out to complete first well. This is a actually very wish use of equipment. Great job guys
Jim
Russian,
Cool did not post that image. Why try to discredit the person who has been exposing the short selling with real evidence. So I think pretty much shows who you are Thanks
On Weather.com 50%- 60% of rain the rest of this week.
Jim
Agreed but casting is down there in supplies shipped check out sizes.
again if u have questions instead of asking board members that guess call IR
Always helpful when I call
Jim
The rig can easily go to 4500' call IR if u question my statement
Jim
Agreed sir
Jim
Oil I know Andrew was leaving Friday Morning for Belize according to office staff. The TECO team has done a great job this past year getting this company up and producing and this is just the beginning IMO. You think we spudded in today?
Jim
Thank You Sir not only for your answer but for leading me to TECO yrs ago
Jim
FM
What is the NOBO list? TIA
Jim
No sir they will be turnkey jobs. This takes lowers the risk and cost of taking care rigs ( break downs, paying and keeping crew ) several things.
Jim
Yes sir probably a week or 2 for first well then days for the rest.
Jim
Yes sir they will drill first well deep and log all the zones on the way out to see exact which is the best. Derrick hand or mud hand will be busy on shale shaker gathering shaving. This takes longer to drill but speeds things up on the next several well sites.
My brother and I did this several times when we use to roughneck.
Jim
This is nice information to know from company off facebook comment:
Our drilling team will be in Belize this weekend. We also have sent additional equipment, a work over rig which will complete the drilled wells and is capable of drilling as well. We will post pictures as they become available.
It is raining in Belize according to weather.com
Jim
FM
I agree and I believe that is their plan with Texas. They were reworking the existing wells then start drilling more wells. I am excited about the developing things in the company.
Jim
I talked to Stock Transfer this morning was told still no plans to increase A/S higher than 750m.
Jim
Geo
Eric and I have told him the answer given to us by company's IR and stock transfer agent. My question why is he even asking this question on an open forum instead of going directly to the source of the information.
Why ask people who guess or speculate when the people who know the answer are just a call away and are willing to listen and tell you the answer they have from company.
Jim
Wealthy
I also know what issued shares are because the releases the company put lately and can add up the shares used and why they were used. I also have called the stock transfer agent off the website and the young lady was very helpful. Wealthy TECO is a fully reporting company and transparent all you have to do is call. Also call IR phone number website about production I willnot be answering anymore of your questions because the answers are very easy to find you just try a little.
Jim
Wealthy,
I have did my homework. I have called stock transfer just the other day A/S still 750 million. I then called IR Mike Mulshine no plan to ever raise A/S again or reverse split because he states we are oil producing company. So before you come to the board and throw false statements I would suggest you do your homework.
Jim
Cool,
Thank you for the input it is helpful. I hope you have a good weekend also
Jim
IMO just speaking from an old southeast Texas oilfield hand a week tops that it even taking easy for the first well and everything. It may be different other places and it has been well over 20 yrs since I was on a rig but that is my opinion.
Jim
Depends on depth you are drilling. When you spud in at first 30 foot joints of drill pipe h
feels like it just drops in the ground. Depends on how deep surface casting will be sometimes 200 - 300 feet can be drilled surface casting ran and cemented in the ground within 24 - 36 hrs depends how long they wait on cement to get hard. Then we drill inside surface casting to TD. I thinking maybe start to finish maybe week to a week and half no more than 2 weeks to drill 3000- 3500 feet.
Jim
Crude Oil way down again this morning
Cool I think weakness in crude temporary only because we have had several weeks of surprising draw down in inventories lately of course this is just my opinion
I use to work on a converted workover rig that was used to drill with that we routinely went 6500-7000 feet.
I know I am usually a day late and a dollar short :)
But I was just wondering how far it was and saw the news release on the news in Belize thought I would Google Map it turns out not as far away from where I live as I thought have a good day
Jim
If anyone is interested I mapped the distance between Mobile, Al and Stann Creek, Belize the site of the first well site:
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Suggested routes
2,220 mi, 1 day 16 hours
I-10 W
Driving directions to Stann Creek District, Belize
This route crosses through Mexico.
Mobile, AL
1. Head east on St Louis St toward St Joseph St
0.2 mi
2. Take the 3rd right onto N Water St
0.4 mi
3. Merge onto I-10 W via the ramp on the left to Pascagoula
Passing through Mississippi
Entering Louisiana
110 mi
4. Slight right onto I-12 W (signs for I-59 N/Hattiesburg/Hammond/Baton Rouge)
86.1 mi
5. Merge onto I-10 W
Entering Texas
190 mi
6. Keep left at the fork
79.5 mi
7. Take exit 770A on the left to merge onto US-59 S
132 mi
8. Continue onto TX-91 Loop S/E Frontage Rd
1.0 mi
9. Continue onto US-77 S
70.5 mi
10. Take the ramp onto I-37 S/US-77 S
3.0 mi
11. Slight right onto US-77 S (signs for Kingsville/Brownsville)
127 mi
12. Take the exit toward Farm to Mkt Rd 509/Paso Real Hwy
417 ft
13. Merge onto S Expy 83
0.2 mi
14. Turn right onto County Rd 509/Helen Moore Rd/Paso Real
Continue to follow County Rd 509
9.6 mi
15. Continue onto Cantu Rd/Carretera a Banco Los Indios
Entering Mexico
0.9 mi
16. Continue onto Carretera a Banco Los Indios
0.2 mi
17. Continue onto Camioneta Tahoe/Matamoros-Reynosa
7.7 mi
18. Sharp right onto Camioneta Tahoe/Carretera Federal 2/Matamoros-Reynosa/Mexico 2/Reynosa-Matamoros
367 ft
19. Slight left onto Tamaulipas 99
33.5 mi
20. Continue onto Carretera Federal 101/Ciudad Victoria - Heroica Matamoros/Heroica Matamoros - Ciudad Victoria/Matamoros - Ciudad Madero/Mexico 101
Continue to follow Carretera Federal 101/Ciudad Victoria - Heroica Matamoros/Heroica Matamoros - Ciudad Victoria/Mexico 101
41.8 mi
21. Keep right at the fork
Continue to follow Carretera Federal 101/Heroica Matamoros - Ciudad Victoria/Mexico 101
37.5 mi
22. Turn left onto Carretera Federal 180/Ciudad Madero - Matamoros/Matamoros - Ciudad Madero/Mexico 180
54.4 mi
23. Slight left to stay on Carretera Federal 180/Ciudad Madero - Matamoros/Matamoros - Ciudad Madero/Mexico 180
Continue to follow Carretera Federal 180/Matamoros - Ciudad Madero/Mexico 180
90.6 mi
24. Turn left onto Ciudad Mante - Tampico/Mexico 80
2.2 mi
25. Take the ramp onto Ciudad Mante - Tampico/Mexico 80
16.6 mi
26. Turn right to stay on Ciudad Mante - Tampico/Mexico 80
16.8 mi
27. Take the ramp to Ciudad Mante - Tampico/Mexico 80
0.3 mi
28. Turn right onto Ciudad Mante - Tampico/Mexico 80
12.9 mi
29. Turn right to stay on Ciudad Mante - Tampico/Mexico 80
4.7 mi
30. Continue onto Carretera Federal 180/Mexico 180
1.0 mi
31. Slight right to merge onto Carretera Federal 180/Ciudad Madero - Poza Rica/Mexico 180
Continue to follow Carretera Federal 180/Mexico 180
2.0 mi
32. Keep left at the fork
15.6 mi
33. Turn left
0.8 mi
34. Turn right
11.1 mi
35. Turn right toward Carretera Federal 180/Ciudad Madero - Poza Rica/Mexico 180/Poza Rica - Ciudad Madero
0.8 mi
36. Turn left onto Carretera Federal 180/Ciudad Madero - Poza Rica/Mexico 180/Poza Rica - Ciudad Madero
43.6 mi
37. Turn left onto Tamiahua/Veracruz Naranjos-Tamiahua
Continue to follow Veracruz Naranjos-Tamiahua
18.4 mi
38. Turn right onto Veracruz Tuxpam - Tamiahua
23.3 mi
39. Turn left onto Adolfo López Mateos
0.5 mi
40. Turn right onto 15 de Septiembre
0.1 mi
41. Take the 2nd right onto Cuauhtémoc
499 ft
42. Slight left onto Vicente Guerrero
0.1 mi
43. Continue straight to stay on Vicente Guerrero
0.2 mi
44. Continue onto A Poza Rica
19.6 mi
45. Take the ramp
0.6 mi
46. Continue straight
8.0 mi
47. Continue straight onto Carretera Federal 180/Mexico 180/Veracruz - Poza Rica
Continue to follow Carretera Federal 180/Mexico 180
15.0 mi
48. Keep left at the fork
104 mi
49. Keep left at the fork
20.5 mi
50. Exit onto Carretera Federal 180/Mexico 180/Poza Rica - Veracruz/Veracruz - Poza Rica
Continue to follow Carretera Federal 180/Mexico 180/Poza Rica - Veracruz
13.1 mi
51. Take the ramp onto Mexico 150D
27.3 mi
52. Take the exit onto Carretera Federal 145D S/Cordoba - Minatitlan
142 mi
53. Continue onto Carretera Federal 180D E/Mexico 180D E
6.5 mi
54. Slight left toward Minatitlan Villahermosa
7.4 mi
55. Continue straight onto Minatitlan Villahermosa
6.7 mi
56. Keep right at the fork to continue toward Carretera Federal 180/Coatzacoalcos - Cardenas/Mexico 180
371 ft
57. Keep left at the fork to continue toward Carretera Federal 180/Coatzacoalcos - Cardenas/Mexico 180
0.2 mi
58. Turn right onto Carretera Federal 180/Coatzacoalcos - Cardenas/Mexico 180
Continue to follow Coatzacoalcos - Cardenas
62.9 mi
59. Continue onto Cardenas - Villahermosa/Carretera Federal 180/Mexico 180
Continue to follow Carretera Federal 180/Mexico 180
33.0 mi
60. Continue onto Carretera Federal 186/Mexico 186/Villahermosa - Chetumal
8.9 mi
61. Turn left toward Carretera Federal 186/Chetumal - Villahermosa/Mexico 186
36 ft
62. Turn right onto Carretera Federal 186/Chetumal - Villahermosa/Mexico 186
Continue to follow Carretera Federal 186/Mexico 186
175 mi
63. Turn right onto Carretera Federal 186/Mexico 186/Villahermosa - Chetumal
22.1 mi
64. Continue onto Chetumal - Villahermosa
74.4 mi
65. Continue onto Carretera Federal 186
30.1 mi
66. Slight right toward Carretera Federal 186/Chetumal - Villahermosa/Mexico 186/Villahermosa - Chetumal
440 ft
67. Continue straight onto Carretera Federal 186/Chetumal - Villahermosa/Mexico 186/Villahermosa - Chetumal
31.4 mi
68. Take the ramp onto Carretera Federal 186/Mexico 186/Villahermosa - Chetumal
6.6 mi
69. Take the exit
0.1 mi
70. Turn right
0.8 mi
71. Continue straight
Entering Belize
2.0 mi
72. Continue straight onto Northern Hwy
14.7 mi
73. Turn right to stay on Northern Hwy
61.3 mi
74. Turn right
4.3 mi
75. Slight left toward Western Hwy
8.2 mi
76. Turn right onto Western Hwy
12.0 mi
77. Sharp left to stay on Western Hwy
2.9 mi
78. Turn left onto Coastal Hwy
35.3 mi
79. Turn left onto Hummingbird Hwy
2.5 mi
80. Turn right onto Southern Hwy
14.2 mi
Stann Creek District
Belize
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Agreed sir never forget
What is going on with that huge spread .0455 to .051
personnally and this is just me me but I think Q2 are coming out early next week and MM have try to pick up as many cheap shares as possible before next run, this is just me and I have been wrong many times before
We are up almost 12% today.
Sorry no idea
I Found it. The Kansas information is close to the bottom and is in bold
Jim
Treaty Energy Corporation Reports Progress
Date : 07/06/2011 @ 9:30AM
Source : PR Newswire
Stock : Treaty Energy Corp (QB) (TECO)
Quote : 0.051 -0.0048 (-8.60%) @ 4:51PM
Treaty Energy Corporation Reports Progress
print
Treaty Energy Corp (QB) (USOTC:TECO)
Historical Stock Chart
2 Months : June 2011 to August 2011
Click Here for more Treaty Energy Corp (QB) Charts.
Treaty Energy Corporation (OTCQB: TECO), a growth-oriented energy company in the oil and gas industry, today reports to its stakeholders on progress in Texas, Belize and Kansas.
Stephen L. York, President and COO of Treaty Energy Corporation, stated, "Treaty Energy has now commenced selling oil through its wholly owned subsidiary and operating company, C & C Petroleum Management, LLC. Due to the measure of time required to transfer all of the leases to the operating company and then obtain the time and date stamped P4's from the Texas Railroad Commission (RRC), only two days were left in the month of June to transport oil. The oil shipped in those two days was 490.19 BBLS. The 'Operators Run Statement' that details these oil deliveries will be posted to the Treaty website."
Mr. York stated, "I am estimating the shipment of about 800 BBLS of oil in July, while starting to rework wells on all 11 leases that are currently transferred for production to C & C Petroleum Management LLC. Our production goals are based only on currently producing wells and wells that will be brought on line over the next 60 days to reach 50 plus BBLS per day. Therefore we are projecting monthly oil production for August to be about 1000 BBLS and for September to be about 1250 BBLS."
It is Treaty's plan to drill at least 10 new wells in Texas during the next 90 days. The August and September oil production estimates do not include any production from new wells.
In addition to revenues from oil production Treaty Energy will continue to drill 2-4 wells per month for other independent operating companies. Currently Mr. York estimates that he has commitments to drill 15 – 25 wells in addition to the 10 wells he will drill for Treaty.
The Belize project is moving rapidly. As of July 5th the Drilling Rig, Bulldozer, Backhoe and Trucks are being delivered to the Mobile, Alabama port facilities of MCW Shipping. As of today the estimated shipping date would be July 16th or July 17th. These dates are the latest from the shipping company that was earlier reported to be about the 10th of July. These schedules are controlled totally by the shipping company and can be affected by many things, such as loading and unloading times in port and especially weather conditions. Treaty will post pictures of the Belize-bound equipment in the port of Mobile on its website when available.
Treaty Energy is proud to announce the newest addition to our family, Brian Luczywo, as Operations Manager for Treaty Belize Energy LLC, its Belize-based operating company. Mr. Luczywo left for Belize on July 5th and will be moving his family there over the next month. Mr. Luczywo's children are home schooled, therefore making this a great opportunity for Treaty to have a full time manager and his family living in Belize overseeing all of Treaty's operations on this major oil project.
Once the Drilling Rig and other equipment are in Belize, Treaty will commence preparation of the first well site pad and access road prior to moving the drilling rig in place. Treaty also will commence with the hiring of local workers from areas around the well sites to assist in the clearing, preparing the well pads and eventually drilling the wells.
Andrew V. Reid, Chairman and CEO of Treaty Energy, stated, "I am quite frankly amazed at the progress Treaty has made on all fronts during the second quarter of this year. Treaty has finally started real production from the Texas wells, has a real drilling program for new wells in Texas plus a rework schedule for the older wells."
Mr. Reid added, "Our stakeholders will see a drastically improved balance sheet and statement of operations for Treaty's second quarter (Q2), with oil production and drilling revenues for June included in the Q2 results."
Finally, Mr. Reid stated, "The Kansas deal has finally come to fruition, but in a different format than the original proposed transaction. The new Kansas deal will be detailed shortly in a joint release from Treaty Energy and Lester Town of Town Oil Company. I am very pleased about bringing the Kansas deal into Treaty Energy and we all look forward to working with Lester Town and the Town Oil group."
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. 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 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.
Contact:Osprey PartnersTel: 732-292-0982Fax: 732-528-9065investors@treatyenergy.com
I do remember a recent PR saying something about the Kansas closing in a different form and that we will information, I will try to find it and post it.
Jim
Farviewhill your words are music to my ears nothing like a little fear talk and upcoming doom to make me want to buy more thanks for the encouraging words
they are dropping it hard on very little volume the last two days but really hard this morning.
Oil I agree with you that, can you imagine what Treaty is going to the Belize economy
IMHO time is running out for shorters and MM to pick up cheap shares in TECO because August 15 is less than 2 weeks away. The company will how much oil was produced transported and sold, also the contracts for drilling rig and work over rig was done in the 2nd quarter. TECO is a really oil company with producing oil wells, drilling rigs, and work over rigs. They also have the management team to run them effectively. I do not what the end share price will be but I do know the team is working very hard to put things together to make TECO a successful oilfield company.
Jim