Treaty Energy Corp. (fka TECO)

[profitspls]

Letter from Mike Mulshine...longs may be interested??

TECO will be filing its 10-K in a few days, and it will be clear to folks that the company has made incredible progress since it started out with almost nothing as a new Public company on Jan 27, 2009... the 1st day it traded as TECO!

TEXAS will be its first profitable oil fields. Treaty started the new 12-well drill program yesterday and expects to be able to report 25 to 30 BOPD very soon from the 1st well, like maybe next week. Then they go ahead and keep drilling and seek to put all 12 of the "stripper wells" on line as fast as possible, about 5 days per well I'm told. With all 12-wells on line they are expected to add 300 to 360 BOPD to TX production. The 2nd 12-well drilling program will start right after the 1st is completed, and is projected to add another 300 to 360 BOPD. And, on top of these two drilling projects Treaty Energy has already announce it is moving ahead on an additional 9-well drilling program to depths of 2600 ft to 3000 ft that are projected to produce at the rate of about 90 BOPD, thus adding about 810 BOPD to TX oil production. The combined production from these 33 wells is expected to come in around 1,400 to 1,530 BOPD, which at $90/Barrel comes to about $50.2 Million in annual revenues.

Cash flow from TX oil sales will grow quickly and will show up in the Q2 10-Q as profitable operations. The Market will respond to the Q2 results.... but, the Q3 results will be very much stronger that Q2 due to the rapidly increasing rate of oil production during Q3... This should really wake up the Market!

And, above all this, there are many things developing in the back ground that, once announceable, will tell the world that Treaty Energy is the real article!

Remember.... TECO has 3.4 Million Acres of Oil Concessions in Belize. This is actually an amazing number! I believe that Treaty's Concession Acreage holdings are truly world class.... I'd bet TECO stands in the top 1% of Oil Concession Acreage holders in the World.

Treaty's master plan for Belize it to drill 100's of wells over the next few years and get production up to 100,000 BOPD.... At $90/Barrel this would result in about $3.3 Billion in Gross Revenues from the Belize oil fields. I believe this is totally doable.... and would make a lot of shareholders millionaires!

TECO at $0.05 per share is clearly undervalued based on the raw potential of the TX and Belize operations. The stock is very widely followed and will soon start to be impacted by actually turning profitable very soon over the next few months....

Mike Mulshine