Treaty Energy Corp. (fka TECO)

[blindinvestor]

In my opinion, the 10K is not going to be reflective of what the company is preparing to do in the near future. Kinda like building a hotel. First acquire land (lease concessions for TECO). Then engineer plans (field evaluation for TECO). Then get equipment for clearing and construction (oilfield equipment, drilling rig, trucks, pipe, etc for TECO). Then begin construction (drilling for TECO). That all takes time and as you can read, does not bring in revenue, but it does add to the value of the company as the asset is growing. That's where TECO is, and will be even through the first quarter this year, and it may not be until you see the second quarter 2012 10Q, which is due about end of July before you see any real activity in revenue generation. By that time, TECO should have completed the first well in Belize, and the second well in Belize, and possibly even begun the third well in Belize at their second reservoir site. And in Texas, they should have about six or seven wells completed and hopefully have the production up to about 200 bbls per day which should make them more than cashflow positive. Now, at that time, that will make for a good report. And the pps could easily pop to .25. And it's only about 100 days away.