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Re: iggyman555 post# 26819

Tuesday, 02/07/2012 5:26:09 PM

Tuesday, February 07, 2012 5:26:09 PM

Post# of 116863
Insignificant, negligible.


20 BPD is Uninteresting, Insignificant, Negligible.

Press Release: Treaty Energy Corporation – Mon, May 23, 2011 9:30 AM EDT
"Mr. Reid added, "With the addition of the 8 leases announced today, I believe that Texas oil production should reach 1200 barrels in June (2011) and will grow monthly, as wells are reworked on all of our Texas leases. The goal that we have set for Treaty is to be producing at the rate of 900-1000 BOPD by the end of this year (Dec 2011).
Sound familiar? How about 10 BOPD?
1% Right, 99% wrong?
20 BOPD puts it at 2% right, 98% BS



1,000 Barrels per day (30,000 Barrels per Month) changes risk and therefore gets interesting. This is what the TECO Press Releases keep promising. Stripper well companies are not exploration companies. It's a whole different game. Lots of lessons to learn if they survive this precarious and disturbing situation

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