Treaty Energy Corp. (fka TECO)

[Belize Oilwatch]

I am not sure why anyone would let Treaty farm-in to an opportunity like this.

Treaty have no competitive advantage to offer the current holder.

Treaty have a higher cost of financing and less technology and experience than their competitors in the market for such farm-ins.

Treaty have a very poor financial rating (due to no reporting) and a very poor record of paying their bills.

The only thing that might get Treaty a WI in the acreage is by paying way more than anyone else would and perhaps more than it is worth (at current oil prices) and offering firm collateral for the amount paid.

Cheers
Belize Oilwatch
Belize City, Belize CA

Just my opinion based on 30+ years of experience in the international oil exploration business.