Treaty Energy Corp. (fka TECO)

[TamerWoods]

Realistically I think this is preferred path-
once existing stock gets in the 0.05 to 0.10 range from production and prospects, the company would need to do a few things. At that point they ought to raise equity to fund growth and development, like Entek just did. For legitimacy in an offering, they ought to reverse split the existing stock 1 for 10. So basically they'd be issuing new shares in the $0.50 range and target dilution of the existing holders less than 20%- raise about $5M cash. And my 100K shares would be then 10K shares yet I'd be happy with that.
So even though this would be the right thing to do for long term growth, I'd expect the stock would take a breather for a few months. From there the sky is the limit, based on the abilities of the management team to build a company.

But lets see what they do to get the ball rolling first.