Perhaps we can start a conversation of our own with those who are interested in the company's fundamentals, the company's financial condition and share structure. These are the things that matter in an investment.
i believe that they will need at least $500,000 to get the wells into production, but I do not see how they can do this without issuing 50 million shares or so. It looks like those properties would only produce about 300,000 worth of oil per year Gross, and the net would be alot less.
Also, the Joint venture and bank line of credit..It appears to me from the announcement that it is merely an small equity stake in any project treaty can find for the other partner. what portion of the JV would Treaty have?
I bet someone will follow with a general statement about oil, or "teco is fully reporting"
