According to this expert Treaty is in the right place to implement its game plan...
Oil to Trade in $48-$50 Range, Move to $60: Technical Analysis
By Anthony DiPaola April 19, 2009
Treatys game plan:
We intend to spend approximately $150,000 repairing existing equipment on our four production wells. We believe this will increase production to approximately 1,500 barrels per month which, assuming a $50 price per barrel, will yield around $48,450 per month of net revenues (after taxes and transportation costs).
We intend to also seek acquisitions of oil and gas properties with production capabilities and proven reserves.
