Treaty Energy Corp. (fka TECO)

[DTL]

Based on the last line of this article/PR; I guess they are behind schedule by 2+ months. Whats the reason for being so far behind schedule? Its this type of PR'ing that gives MMs and hedgefunds the reason to short a stock.


Treaty has engaged a highly respected geoscientist to analyze all data currently available and guide Treaty to the area with the highest likelihood of achieving a high producing well. This geoscientist will go to Belize in early May 2010 to do soil samples and other studies needed to select the first well site. Treaty intends to start drilling its first well no later than July 1, 2010.