Treaty Energy Corp. (fka TECO)

[jimmyv]

Although you can probably get that information from a field engineer, the legal department can tell you exactly what their status is in terms of them being severed. They can't carry out their plan for $150K. Also, the figures quoted aren't quite accurate. They currently get 68% of the production less taxes and they aren't producing sweet oil which is what is reported in the spot price. They produce sour crude which goes for about 15% less than the spot price. The directors of TECO all know this, but seem to be content in misleading the investing public.