Anybody that knows the oil business, understands it takes a lot of money to drill
oil wells. Nobody can say TECO did not drill lots of oil wells. They just never could hit
that big commercial paying well. TECO's intent was to drill and find oil the records show this.
To say their motives were to rip stock holders off is just not true. TECO did run out of money but,
kept drilling, then they ran out of tricks to pay the bills and lawsuits. The oil drilling went on all the way to the end. Just one good paying well would have saved them. "well lets just try one more oil drill" and they did.
This is the story of hundreds out of business oil companies.
That one good oil well would have made stock holders very happy, most stock holders
were aware oil finds were no guarantee but, drilling in good areas of known oil finds was exciting
and more and more investors including myself bought TECO stocks.
TECO had a chance to really make it big "what luck"...bad luck.
