Treaty's PRs and Bull's posts sound good, but...
An impartial observer might point out that:
- Treaty appear have no rights to the water clean-up technology except to purchase it from SRS to use on their fields.
- Talk of liberating Treaty's production equipment assets by transferring them to another company is concerning, without knowledge of how Treaty will be compensated for these and how Treaty will be able to access these in the future if required to produce oil.
- Treaty apparently have valuable assets lying idle in Belize which would be of use to a US drilling campaign. Hopefully shareholders will get to see a list of Treaty's assets as a result of the asset transfer process and related SEC reporting.
- To date, Treaty PRs have spoken of more things that haven't happened than those things that have happened.
- It would seem better to base judgements on how Treaty are doing on their actual reported performance to the SEC, but these reports are notably absent - which is a concern which will hopefully be rectified as soon as possible.
Hopefully Treaty's real performance will start to improve - with more clarity and progress on the points above - to create value for their shareholders.
Cheers
Belize Oilwatch
Belize City, Belize CA
