Treaty Energy Corp. (fka TECO)

[Allisone]

FM . In theory yes. However actual net to company is MUCH lower for 45 BbLs a day. There is 1) severance tax 2) royalty dispersements to the land owners 3) direct operating costs. Most wells (especially stripper wells) require maintainence and do NOT run 365.
The company is probably netting (on 45 BbLs) $500,000 with a DECLINE curve (as all wells produce less with time). This would only cover a very tiny ma-pa company. A big million or more TECO private loan would help them (us) otherwise they will have to dilute us further which adversely effects the stock price.
Lots of promises and the oil biz is full of them. We all hope they hit and secure some cash flow very SOON. At the same time, let's stop making big promises and only showing promotional updates. Nothing wrong with some vinager and honey. It's nice to hear all sides, it's healthy.