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Re: None

Wednesday, 05/02/2012 10:06:26 AM

Wednesday, May 02, 2012 10:06:26 AM

Post# of 116865
Put this in your pipe and smoke it.

Now move to Treaty Energy today. We will be drilling in Texas with anticipated production numbers that looks similar if now a bit higher than some we researched after completion of our 12 well project on the Wooldridge lease. That will bring our production up from about 55 BOPD to an estimated 190-250 BOPD. Companies we looked at made a bottom in their stock price before their production exploded when their market cap was under 40 million, while Treaty is now just less than 38 million cap. One difference Treaty has relative to some comparables mentioned, is that we have found oil in Belize which will come online in June and our cost structure is much lower as we own all our own equipment. In formulating this comparison we are not even taking into consideration the tremendous upside that Belize can bring.

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