Treaty Energy Corp. (fka TECO)

[Shizoku]

Your reasoning is flawed. You are trying to persuade investors that the total acreage should be cut in half because they have a join venture.

Here is where you are wrong:

1. Treaty has rights to drill in ALL areas not half.
2. Treaty will get all profits till initial investment and costs are ALL paid for.
3. Treaty owns the drilling company therefore even after initial investments and costs are realized Treaty will get a big slice of the pie because Treaty Drilling is a FOR PROFIT company and not doing charity work for joint venture companies.