Treaty Energy Corp. (fka TECO)

[tedwitt]

I have yet to see documentation that disputes the $110 per BBL figure for making the field economically viable. It does not take my 10+ years in oil & gas research to know that the leases they have are very poor producers (3.4 BBL/d) and that pulling oil out of the ground at $110 per BBL and selling it for $40+ depending on slate of crude makes no sense at all.

Having 4 dogs does not make you a breeder....

PS:
Forgot to add the Candle Stick maker into the mix.

Even companies like EOR.TO that had solid plans in EOR CO2 floods got crushed in the last 4 months. Natural Gas has slipped below $4 per MMBtu... That's a killer.